6245 E 7 Mile RD, Detroit, MI 48234
6245 E 7 Mile RD, Detroit, MI 48234
6245 E 7 Mile RD, Detroit, MI 48234
6245 E 7 Mile RD, Detroit, MI 48234
6245 E 7 Mile RD, Detroit, MI 48234
6245 E 7 Mile RD, Detroit, MI 48234
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$ 799,000
Est. payment | /mo

2,094 SqFt


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$ 799,000
Est. payment | /mo
Save

2,094 SqFt

Key Details

Property Type Commercial

Sub Type BusinessandRealEstate

Listing Status Active

Purchase Type For Sale

Square Footage 2,094 sqft

Price per Sqft $381

Subdivision Kolowich Geo J

MLS Listing ID 20261050725

Year Built 1955

Lot Size 0.310 Acres

Acres 0.31

Property Sub-Type BusinessandRealEstate

Property Description

Diamond Glow Auto Wash – Business & Real Estate For Sale. Exceptional opportunity to acquire a fully renovated, turnkey express car wash with both the business and real estate included. The property offers zero deferred maintenance following comprehensive renovations and currently generates approximately $180,000 in NOI, with a pro forma NOI of approximately $240,000 through the recently installed SiteWatch system, representing an estimated $60,000 in additional annual operational income. Ownership reports limited day-to-day oversight, creating an attractive low-management investment opportunity. Included in the sale is approximately $50,000 in brand-new backup equipment, providing added value and operational security from day one. Offered at $799,000, the investment provides an approximate 3–4 year payback on capital based on current performance, with additional upside through the projected pro forma income. Seller financing is available for qualified buyers.

Location

State MI

County Wayne

Area Area05051Det68Dequindretoconner

Interior

Heating E N E R G Y S T A R Qualified Furnace Equipment, Natural Gas

Fireplace No

Exterior

View Y/N No

Garage false

Building

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Detroit

Others

Senior Community false

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition ShortSaleNo, Standard

Realcomp MLS
Listed by Joseph Jazrwy of ICON Realty Experts, LLC

Nearby Locations

GET MORE INFORMATION

Jeff Duneske
Jeff Duneske

Broker Associate | License ID: 6501297753

+1(248) 939-9393

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6245 E 7 Mile RD