5450 W Shelby Road new Save Request In-Person Tour Request Virtual Tour
Shelby,MI 49455
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $62
Municipality Benona Twp
MLS Listing ID 25046339
Year Built 2019
Annual Tax Amount $9,165
Tax Year 2024
Lot Size 2.200 Acres
Acres 2.2
Lot Dimensions 287x330 m/l
Property Sub-Type Business
Source Michigan Regional Information Center (MichRIC)
Property Description
Great self-storage investment producing consistent monthly cash flow with minimal owner involvement. Conveniently located between US-31 and Stony/Silver Lakes, this property provides high visibility and easy access. It has experienced steady occupancy growth year after year and is ready for the next phase of expansion. Current ownership recommends constructing 1 more building and adding fencing to attract RV & boat storage. Built in 2019 & 2022, the buildings features industry-standard Trachte all-steel construction for durability and low maintenance. The property is already set up for easy remote management and all tenants are on monthly autopay. The seller is willing to train the new owner. Priced at an attractive 8% cap rate, with value-add opportunity, this is an investment that is hard to beat.
Location
State MI
County Oceana
Area Masonoceanamanistee - O
Direction From US31 and Shelby Rd, head west on Shelby Rd to North on 58th to access driveway running west to property.
Interior
Interior Features Broadband
Heating None
Inclusions Real Estate
Exterior
Utilities Available Electricity Available,None
View Y/N No
Roof Type Metal
Building
Foundation Slab
Sewer None
Water None
Structure Type Metal Siding
New Construction No
Schools
School District Shelby
Others
Tax ID 011-013-100-16
Acceptable Financing Conventional,Cash
Listing Terms Conventional,Cash