33
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$1,750,000
Est. payment /mo
17,560 SqFt
New
1120 US-31 N Mckinley Twp, MI 49769
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 17,560 sqft
Price per Sqft $99
Subdivision Metes And Bounds
MLS Listing ID 78080073333
Year Built 2023
Lot Size 5.000 Acres
Acres 5.0
Property Description
HIGHWAY CORRIDOR PORTFOLIO WITH AIRPORT EXPOSURE & MASSIVE BUILD-OUT UPSIDE: Priced at $1,750,000, this rare multi-asset 7.8% CAP RATE commercial portfolio delivers immediate diversified cash flow paired with a preapproved development segway for 440 additional fully approved storage units on 7 expansion pads. Positioned directly on a high-traffic 6266 AADT highway corridor, the property features unparalleled logistical visibility, sitting directly across from the Pellston Regional Airport on over 5 total acres and 400' of frontage-seamlessly abutting state land on the easterly line. The existing revenue stream is anchored by 110 self-storage units with prime highway frontage and an active, high-margin U-Haul Dealership Pick up and Drop off site that acts as a built-in customer acquisition engine. The sale includes an adjacent parcel featuring 2 rental homes generating an immediate $1,950 in monthly gross revenue ($23,400 annually), plus a high-visibility commercial pole building with offices, bathroom and commercial kitchen fixtures- currently leased to a business that plans to continue leasing. While enjoying this multi-stream income on day one, the incoming investor acquires a massive future development asset completely ready to break ground. Skip the risky, multi-year municipal zoning and approval process, capitalize instantly on the airport-adjacent location, and expand the existing storage footprint by 7 pads. Ideal for portfolio investors looking for stable, diversified yield paired with a permitted upside. Financial documents and fully engineered facility layout plans are available. Don’t miss this generational chance to secure a cash-flowing asset today while building your real estate legacy tomorrowâ€" step into an incredibly rewarding investment with endless potential!
Location
State MI
County Emmet
Area Area24071Mckinleytwp
Interior
Heating Propane, Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features ParkingLot
View Y/N No
Roof Type Metal
Building
Foundation Slab
Sewer Septic Tank
Water Well
New Construction No
Schools
School District Pellston
Others
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition Standard
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Listed by Sue Louiselle of Coldwell Banker Schmidt Traverse City
NEARBY SCHOOL & BUSINESS
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