Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5450 W Shelby Road Shelby, MI 49455

    View on Map
    For Sale
    Under Contract
    $650,000

    COMMERCIAL - Shelby, MI

    Property size:
    12,000 SF
    Lot size:
    2.20 Acres
    Added:
    Sep 8, 2025
    Days on Market:
    206
    Last Refresh:
    Apr 1 at 5:06 pm

    Property Features for 5450 W Shelby Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Interior features
    Broadband
    Standard status
    Active Under Contract
    APN
    011-013-100-16
    Size
    12,000 SF
    Lot size
    2.20 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    SEC 13 T14N R18W -2.2 A M/L- S 1/4 OF E 1/2 OF SW 1/4 OF NW 1/4 EXC E 373 FT THOF SUBJ TO ESMT 2024/3048
    TaxAnnualAmount
    9165

    Utilities

    Utilities
    Electricity Available

    Building Details

    Year built
    2019
    Floors in Building
    1
    Number of units
    63
    Building materials
    Metal Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Calvin Roskam
    Calvin Roskam

    Listing agent Calvin Roskam License #6501351112

    Listing office Wickstra Realty, Inc. 163 N Michigan Ave, Shelby, MI

    Listing date Sep 8, 2025

    MLS# 25046339

    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.

    Overview

    Turnkey Self-Storage Investment Opportunity

    This turnkey self-storage investment offers stable cash flow and low management in Oceana County's active recreation corridor. The facility is located between US-31 and the Stony Lake/Silver Lake area, benefiting from strong seasonal and local demand with convenient access for residents and visitors. The property includes two Trachte all-steel storage buildings constructed in 2019 and 2022, totaling 63 units and approximately 12,000 square feet on 2.2 acres. Occupancy has grown steadily since development, creating a stabilized income-producing asset. Operations are streamlined for efficient ownership with month-to-month leases and all tenants enrolled in automatic payment, allowing for simple remote management and minimal day-to-day oversight. This property, located at 5450 W Shelby Road, Shelby, MI 49455, offers dependable income with a straightforward operating structure. The seller will assist with transition and operational training if desired.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Michigan Self Storage ... Storage Facility Maplewood Homes Construction Company

    Suggested Use

    Real Estate Agency Big Box & Wholesale Store Department Store Grocery & Convenience Store Food Market Storage Facility Discount Store Bakery Clothing & Fashion Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shelby
    County
    Oceana
    State
    Michigan
    Longitude
    -86.414748
    Latitude
    43.610253

    Nearby Similar for Sale

    • $775,000
      4,043 SF

      Shelby Commercial Opportunity on Mound

      4,403 SF building on 1.59 acres in Shelby, MI.
      50285 Mound, Shelby, MI 48317
      View Details
    • $295,000
      4,043 SF

      Established Mexican Restaurant Business Opportunity

      Thriving restaurant business with strong local following and growth potential.
      50285 Mound, Shelby, MI 48317
      View Details
    • $1,500,000
      13,200 SF

      Versatile Commercial Building on 4+ Acres

      Commercial building with office, storage, loading dock on 4+ acres.
      3301 Green Street, Shelby, MI 49455
      View Details
    • $125,000
      4,200 SF

      Established Market in Shelby, MI

      Market with bakery, meat, and Mediterranean kitchen in Shelby.
      45701 Hayes, Shelby, MI 48315
      View Details
    • $150,000
      1,248 SF

      Shelby, MI Commercial Opportunity

      Commercial property for sale in high-visibility Shelby, Michigan location.
      60 W 3rd Street, Shelby, MI 49455
      View Details
    • $82,500

      Versatile Shelby Property on Large Lot

      Adaptable building on a spacious lot, ideal for business or residence.
      2598 S Oceana Drive, Shelby, MI 49455
      View Details
    • $199,000
      9,993 SF

      Historical Shelby House of Worship

      Well-maintained church with classrooms, kitchen, social hall, and parking.
      68 E 3rd Street, Shelby, MI 49455
      View Details
    • $174,900
      7,900 SF

      Historic Mixed-Use Property in Shelby

      Unique mixed-use property with retail, office, apartment, and warehouse.
      162 N Michigan Avenue, Shelby Township Oceana, MI 49455
      View Details
    • $239,000
      9,993 SF

      Historical Shelby House of Worship

      Historical 22,000+ SF House of Worship in Shelby, Michigan.
      68 E 3rd St, Shelby, MI 49455
      View Details

    FAQs

    What type of property is this?
    Self storage facility - Stable cash flow self-storage in Oceana County's recreation corridor.
    Where is this self storage facility located?
    The property is located at 5450 W Shelby Road Shelby, MI.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Turnkey self‑storage investment with stable cash flow.; Located in Oceana County's active recreation corridor, benefiting from seasonal and local demand.; Two modern Trachte all‑steel storage buildings (built 2019 and 2022) totaling 63 units and approximately 12,000 square feet.
    (231) 742-0296
    We can help!
    Listing Contact
    Calvin Roskam
    Calvin Roskam
    Real Estate License ID: 6501351112
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!