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$275,000
Est. payment /mo
10,600 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type BusinessandRealEstate
Listing Status Active
Purchase Type For Sale
Square Footage 10,600 sqft
Price per Sqft $25
MLS Listing ID 55025043509
Year Built 1978
Lot Size 3 Sqft
Property Sub-Type BusinessandRealEstate
Property Description
Prime commercial opportunity located in Leslie with excellent US-127 highway frontage and visibility. This property spans 3.69 acres and offers a total of 60 storage units with concrete floors and no electricity. Unit mix includes (34) 10x20 units renting at $50 per month, (24) 10x7 units renting at $25 per month, and two (2) 20x20 units renting at $100 per month. Occupancy is approximately 90% of the 10x20 units rented and 30% of the 10x7 units rented. Additional features include a 28x40 pole barn with two slider doors and a small office space, currently used by the seller and not rented, allowing for potential additional income. The property also generates $2,500 annually from a leased billboard sign located on site. With highway exposure, multiple income streams, and room for operational growth, this investment is a strong addition to any portfolio. Current storage income $16,800. There are 20 walnut trees in the wooded area.
Location
State MI
County Ingham
Area Area11141Leslietwp
Interior
Heating None
Exterior
Utilities Available None
View Y/N No
Roof Type Metal
Building
Foundation None, Slab
New Construction No
Schools
School District Leslie
Others
Ownership Other
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Listed by SUSAN M MOHLMAN of Sproat Realty Professionals-J
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Coldwell Banker Town & Country Real Estate
Broker | License ID: 308761
Broker License ID: 308761
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