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    Customizable Garage Condos Near Lake Michigan

    5070 INDUSTRIAL PARK Drive Montague, MI 49437

    Claim this Listing
    For Sale
    $197,200

    COMMERCIAL - Montague, MI

    Type:Retail
    Property size:
    1,500 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $131.47/SF
    Added:
    Jun 23, 2025
    Days on Market:
    386
    Last Refresh:
    Jul 13 at 10:06 pm

    Property Features for 5070 INDUSTRIAL PARK Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Property condition
    Under Construction
    Bathrooms
    1
    Rooms
    Bathroom 1
    Interior features
    Broadband
    Standard status
    Active
    APN
    21-515-000-0002-00
    Size
    1,500 SF
    Lot size
    0.03 Acres

    Taxes and HOA fees

    Tax Description
    Part of 5070 Industrial Park Drive Unit 2
    Tax Annual Amount
    5000

    Utilities

    Heating system
    Forced Air

    Building Details

    Floors in Building
    1
    Number of units
    14

    Listing agent Steven Koleno License #3469487

    Listing office Beycome Brokerage Realty LLC 607 Shelby St Ste 743, Detroit, MI

    Listing date Jun 23, 2025

    MLS# 25031005

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    These garage condos, built in 2025, offer a customizable solution for storing, working, or enjoying prized possessions. The units feature 20-foot ceilings with the option to add a mezzanine level for extra storage or workspace. Access is facilitated by 14-foot overhead doors suitable for boats, RVs, trailers, or large equipment. Each unit is equipped with 100-amp electrical panels, LED lighting, and full HVAC with heating and cooling. Water, sewer, and sprayed foam insulation are included for year-round comfort and efficiency. Top-tier security is in place. The condos are located in Montague's Industrial Parking, in a secluded wooded area minutes from White Lake and Lake Michigan, and 1 mile from the Montague boat launch. The property is suited for a personal workshop, a business hub, or a secure space.

    Key Highlights

    • Secure, customizable garage condos perfect for storing vehicles, operating a business, or creating a personal workspace.
    • 20‑foot ceilings with mezzanine option, 14‑foot overhead doors, and 100‑amp electrical panels offer unmatched flexibility.
    • Full HVAC, water, sewer, and sprayed foam insulation provide year‑round comfort and efficiency.

    Local Financial Insights For Self Storage

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $22.0k $14.64
    − Vacancy −$1.2k −$0.82
    EGI $20.7k $13.82
    − OpEx −$6.2k −$4.15
    NOI $14.5k $9.67
    1,500 SF · lease $14.64/SF/yr · vacancy 5.60% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $277.0K
    $242.4K – $323.2K (±1% cap)
    NOI $19,390 @ 7.0% cap · market cap 9.83%
    Second Best
    Self Storage
    $207.3K
    $181.4K – $241.9K (±1% cap)
    NOI $14,511 @ 7.0% cap · market cap 7.36%
    Theoretical Best
    Hotel Hospitality
    $14.09M
    $12.33M – $16.43M (±1% cap)
    NOI $986,059 @ 7.0% cap · market cap 500.03%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Parking lots & garages

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    FAQs

    What type of property is this?
    Parking lot & garage - Premium garage condos for storage, work, or recreation near White Lake.
    Where is this parking lot & garage located?
    The property is located at 5070 INDUSTRIAL PARK Drive Montague, MI.
    What is the asking price?
    The asking price for this property is $197,200.
    What are key features of this property?
    This property features: Secure, customizable garage condos perfect for storing vehicles, operating a business, or creating a personal workspace.; 20‑foot ceilings with mezzanine option, 14‑foot overhead doors, and 100‑amp electrical panels offer unmatched flexibility.; Full HVAC, water, sewer, and sprayed foam insulation provide year‑round comfort and efficiency.
    Contact an agent
    (804) 656-5007
    We can help!
    Contact an agent
    Steven Koleno
    Steven Koleno
    Real Estate License ID: 3469487
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