Self-Storage Facility with Wash
For Sale
$235,000
730 N Main Street, Lawton, MI 49065
Commercial Sale, Lawton, MI
Property Size3,940 SF
Lot Size0.68 Acres
Price / SF$59.64
Days on Market110
Property Features for 730 N Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
I-1
Elementary school district
Lawton
Middle school district
Lawton
High school district
Lawton
Directions
I-94 to M-40, south on M-40 to property.
Standard status
Active
APN
80-45-700-049-10
Size
3,940 SF
Lot size
0.68 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
attached. Buyer to verify.
Tax Annual Amount
3305
Legal Description
attached. Buyer to verify.
Utilities
Utilities
Cable Available
Heating system
Forced Air
Amenities
storage units
car wash
vacuum stations
drive thru spray units
outside spray station
Building Details
Year built
1990
Number of units
22
Building materials
Block, Concrete, Wood Siding, Brick, Stone
Roof type
Composition
Listing Agency:
Five Star Real Estate
(269) 459-7898
Listed By:
Colleen Mencl
(269) 330-0486
Added: Jun 19
Changed: Sep 7
Last Checked: Oct 6 at 5:06AM
MLS# 26030606
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.
This self-storage property includes 22 units totaling 3,940 square feet, with roll-up doors and concrete floors. The 0.68-acre site also contains a former car wash building that is currently inactive, along with four vacuum stations, three drive-through spray bays, and an exterior spray station designed for larger vehicles. A grassy area between the storage buildings provides additional open space.
Positioned at 730 N Main Street along M-40 in Lawton, the property is next to a Dollar Store and includes a paved site. The building was constructed in 1990 and features block, concrete, wood siding, brick, and stone construction materials, with forced-air heating and a composition roof.
Positioned at 730 N Main Street along M-40 in Lawton, the property is next to a Dollar Store and includes a paved site. The building was constructed in 1990 and features block, concrete, wood siding, brick, and stone construction materials, with forced-air heating and a composition roof.
Key Highlights
- 22 storage units totaling 3,940 square feet
- 0.68‑acre paved site along M‑40
- Storage units feature roll‑up doors and concrete floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,350
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,000
$407.0K
Cap Rate 7%
$290,714
$290.7K
Cap Rate 9%
$226,111
$226.1K
Market Conditions
NOI Build-Up for 3,940 SF
Gross rent
$29.8K $7.56/SF
− Vacancy
−$715 −$0.18/SF
EGI
$29.1K $7.38/SF
− OpEx
−$8.7K −$2.21/SF
NOI
$20.4K $5.16/SF
Area
Van Buren County, MI
Vacancy
2.40%
Lease Rate
$7.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,000
Cap Rate 7%
$290,714
Cap Rate 9%
$226,111
Alternative Uses
Best Use
Specialty Retail
$651.0K
$569.7K – $759.6K
NOI $45,573 @ 7.0% cap · market cap 19.39%
Second Best
Retail
$584.3K
$511.3K – $681.7K
NOI $40,901 @ 7.0% cap · market cap 17.40%
Theoretical Best
Multifamily LT 5
$48.72M
$42.63M – $56.84M
NOI $3,410,220 @ 7.0% cap · market cap 1,451.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
139
Businesses Nearby
Explore this area
Business Placement
Demographics for 49065, MI
6,974
Population
3,559
Households
2
Avg Household Size
43
Median Age
23%
College-Educated
94%
High-School Grad
44.8 sq mi
ZIP Area
156
Density / Sq Mi
$73,125
Median Household Income
$46,625
Median Earnings
$856
Median Rent
$235,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Self storage facility - Storage property with roll-up access, paved grounds, and an inactive car wash structure along M-40.
Where is this self storage facility located?
The property is located at 730 N Main Street Lawton, MI.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 22 storage units totaling 3,940 square feet; 0.68‑acre paved site along M‑40; Storage units feature roll‑up doors and concrete floors
