1137 S Stephenson Ave - Auto Repair FOR SALE


Iron Mountain, MI 49801
$1,850,000 USD
906-774-1300
1137 S Stephenson Ave, Iron Mountain, MI for Sale
$1,850,000 USD
Auto Repair - FOR SALE
1/40
null | Request Cap Rate

1137 S Stephenson Ave
Iron Mountain, MI 49801


HIGHLIGHTS

  • Modern automotive service facility constructed in 2014.
  • Six service bays with specialized automotive infrastructure.
  • Located along US Highway 2 at a signalized commercial intersection.
  • Automotive equipment and shop inventory included in the sale.
  • Established snow removal and salt business included.
  • Opportunity Zone location with potential qualifying tax benefits.

OVERVIEW

Turnkey Auto Service Facility & Business Opportunity. Built in 2014, this modern 3,519 sq. ft auto service facility is fully equipped and move-in ready. The property includes Office space: 408 sq. ft. with public restroom. Shop area: 3,111 sq. ft. with 6 service bays. Upper-level breakroom: 408 sq. ft (With refrigerator, sink, microwave, cabinets, dishware & tv). Employee bathroom which includes shower. Loft/Storage is appx. 572 sq. ft. with reinforced floor. Additional storage 15'x20' detached storage garage with employee parking area. Building features: Radiant-heat natural gas in shop and forced air natural gas furnace in office and breakroom area. Trench drains with oil separator, Air exchanger, 3 ceiling fans, emergency & exit lighting. ADA compliant, new energy-efficient lighting (2020), security camera system. Included Equipment & Inventory: (3) Hoists, tire changing machine, tire balancer, parts washer, air compressor, A/C repair equipment, brake lathe, drill press, shop press, engine hoist, cutting torch, arc welder, wire feed welder, miscellaneous supplies, inventory and security cameras. Additional business opportunity: The sale includes an established snow removal/ salt business with 20regular customers. Package includes a 2015 Ford F-350 regular cab pickup truck with Boss 9'2" V plow and Boss salter. Other details: Customer records from the past 12 years are organized in QuickBooks. Energy-efficient, well maintained and fully operational facility. This property offers a rare chance to acquire a modern, well equipped auto service facility with additional income opportunities from snow removal services. Perfect for an owner-operator or expanding business. Located on Highway US 2 and the busiest intersection/traffic light in Iron Mountain with guaranteed visibility for your business.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$734 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Dave's Auto

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,686 SF

ZONING

Commercial

APN/PARCEL ID

051-104-648-00

ASK ABOUT THIS PROPERTY

Carrie Toretta-PartelloColdwell Banker Real Estate GroupMore Info
906-774-1300

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Carrie Toretta-PartelloColdwell Banker Real Estate GroupMore Info
906-774-1300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.