For sale

6245 E 7 Mile Road
Detroit, MI 48234

$799,000

Finished sq ft
2,094
Lot
0.31 acres
Year built
1955
Property type
C
County
Wayne
MLS #
20261050725

About this home

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.