4057 Dix HwyLincoln Park, MI 48146

For Sale
$439,000

High-yield investment, fully remodeled.

Overview

Added:
Dec 11, 2024
Days on market:
93
This 3,800 square foot, fully remodeled car wash and detail shop in Lincoln Park, Michigan is available for sale at $439,000. Located at 4057 Dix Hwy, Wayne County, MI 48146, this mixed-use, special purpose property boasts new electrical and equipment. The property is currently tenant-occupied under a gross lease with a remaining term of approximately 2.1 years, expiring January 1, 2027. The lease commenced January 1, 2027. The property features a single tenant and generates a Net Operating Income (NOI) of $50,000, resulting in an attractive 11.39% cap rate. The price per square foot is $115.53. The property is zoned Commercial - MBD. This presents a compelling owner-user or investment opportunity in a prime location. Further details are available upon request.

Highlights

  • $439,000 asking price for a 3,800 SF car wash and detail shop in Lincoln Park, MI.
  • Mixed-use, special purpose property with a gross lease.
  • Tenant-occupied with a remaining lease term of approximately 2.1 years (Lease Commencement 01/01/2027, Lease Expiration 01/01/2027).
  • $115.53 price per square foot and an 11.39% cap rate.
  • $50,000 Net Operating Income (NOI).
  • Located at 4057 Dix Hwy, Lincoln Park, MI 48146, in a Commercial - MBD zoned area.

Location Insight

City
Lincoln Park
County
Wayne
State
Michigan
Latitude
42.224674556628
Longitude
-83.194272420115
4057 Dix Hwy, Lincoln Park, Michigan

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
4057 Dix Hwy
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message