Insulated Storage Unit with
6555 CVX Lane Charlevoix, MI 49720
6555 CVX Lane, Charlevoix, MI, 49720
$199,000
For Sale
$199,000
COMMERCIAL - Charlevoix, MI
Property Size1,875 SF
Price / SF$106.13
Days on Market32
Property Features for 6555 CVX Lane
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Standard status
- Active
- APN
- 004-373-005-00
- Size
- 1,875 SF
Taxes and HOA fees
- Tax Description
- UNIT 5 CVX SKYDOMINIUMS AS REC L 1144 PG 34 - 72 20% SPLIT ON 11/18/2016 FROM 004-034-017-50;
Utilities
- Heating system
- Natural Gas
Building Details
- Year built
- 2009
- Building materials
- Steel Frame
Listing Agency
Berkshire Hathaway HomeServices Real Estate
(231) 547-9905
203 Bridge St., Charlevoix, MI
Listed by
Charlotte Arnold
(231) 632-3881
Added: Jun 16 Checked: Jul 17 at 10:06 am
MLS# 478686
Copyright © 2026 Northern Michigan MLS. 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.
This offering is a steel storage unit that includes water service, township sewer, and natural gas. The unit is well insulated and features a 20-foot-high door, supporting straightforward move-in and out for larger equipment. The space is configured for flexible storage and can be tailored to a user’s specific needs.
The property is located off US 31 with easy access, which can be helpful for regular hauling and equipment movement. The asset is within Commercial zoning, providing a practical framework for storage-focused operations.
For buyers, this could be a functional fit for users seeking a utility-connected, insulated storage space with clearance for taller items. The included services may support projects or equipment requirements that go beyond standard dry storage, while the straightforward access and high door can simplify day-to-day use.
The property is located off US 31 with easy access, which can be helpful for regular hauling and equipment movement. The asset is within Commercial zoning, providing a practical framework for storage-focused operations.
For buyers, this could be a functional fit for users seeking a utility-connected, insulated storage space with clearance for taller items. The included services may support projects or equipment requirements that go beyond standard dry storage, while the straightforward access and high door can simplify day-to-day use.
Key Highlights
- Steel frame storage unit built in 2009
- Equipped with natural gas heating
- Includes water service and township sewer
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 | $28.1k | $15.00 |
| − Vacancy | −$2.3k | −$1.20 |
| EGI | $25.9k | $13.80 |
| − OpEx | −$7.8k | −$4.14 |
| NOI | $18.1k | $9.66 |
1,875 SF · lease $15.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$258.8K
$226.4K – $301.9K
NOI $18,113 @ 7.0% cap · market cap 9.10%
Second Best
Warehouse
$204.1K
$178.6K – $238.1K
NOI $14,286 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$379.5K
$332.1K – $442.8K
NOI $26,568 @ 7.0% cap · market cap 13.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Self storage facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Steel storage unit includes water, sewer, and natural gas with a 20-foot door for convenient access.
Where is this self storage facility located?
The property is located at 6555 CVX Lane Charlevoix, MI.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Steel frame storage unit built in 2009; Equipped with natural gas heating; Includes water service and township sewer
