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Bellaire Storage Unit with Upgrades
For Sale
$168,900

7464 Geronimo Trail, Bellaire, MI 49615

LAND - Bellaire, MI

Property Size2,000 SF
Price / SF$84.45
Days on Market86

Property Features for 7464 Geronimo Trail

General Information

Property type Land
Property subtype Other
Zoning Site Condominium,Bldg & U
Zoning description Site Condominium, Bldg & Use Restrictions, Storage Buildings
Exterior features Pole Building
Elementary school district Bellaire Public Schools
Middle school district Bellaire Public Schools
High school district Bellaire Public Schools
Directions Take M-88 south of Bellaire past Comfort rd. to Storage Barn Development on left. which is approx 3 miles from Bellaire
Subdivision Antrim
Standard status Active
Size 2,000 SF

Taxes and HOA fees

Tax Description Unit #44 M-88 Storage Barns Condominium
Tax Annual Amount 4016
Legal Description Unit #44 M-88 Storage Barns Condominium
Listing Agency: Bayside Real Estate
Listed By: Sharon Reid-Brown
Added: May 6 Changed: Jul 2 Last Checked: Jul 30 at 1:06PM
MLS# 1944858

Copyright © 2026 Northern Great Lakes Realtors 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 exceptional quality, 2000 sq. ft. storage unit is located just minutes from Bellaire. The building features 14' sidewalls and is insulated with a finished interior. It is heated by two wall-mounted split units and includes upgraded electrical, ceiling fans, a 100 amp service, and a 30 amp RV outlet. The unit has two 14' insulated overhead doors, a floor drain, and one service door. The property is zoned for site condominium, building and use restrictions, and storage buildings. It offers plenty of room for storing recreational equipment or hobby items and is easily accessible in both summer and winter.

Key Highlights

  • 2000 sq. ft. storage unit with 14' sidewalls.
  • Heated and insulated building with finished interior.**
  • Two 14' insulated overhead doors.**

Financial Insights For Industrial

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 $16.1k $8.04
− Vacancy −$595 −$0.30
EGI $15.5k $7.74
− OpEx −$4.6k −$2.32
NOI $10.8k $5.42
2,000 SF · lease $8.04/SF/yr · vacancy 3.70% · expense 30.00%

Alternative Uses

Best Use
Self Storage
$228.0K
$199.5K – $266.0K (±1% cap)
NOI $15,960 @ 7.0% cap · market cap 9.45%
Second Best
Industrial
$154.9K
$135.5K – $180.7K (±1% cap)
NOI $10,840 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$355.9K
$311.4K – $415.2K (±1% cap)
NOI $24,914 @ 7.0% cap · market cap 14.75%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Self storage facilities

Location Intelligence

Trade Area within ½ mile

14
Businesses Nearby

Demographics for 49615, MI

4,161
Population
3,575
Households
1.2
Avg Household Size
57
Median Age
44%
College-Educated
97%
High-School Grad
68.4 sq mi
ZIP Area
61
Density / Sq Mi
$78,750
Median Household Income
$38,635
Median Earnings
$775
Median Rent
$257,000
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Self storage facility - High-quality, upgraded storage unit near Bellaire, Michigan.
Where is this self storage facility located?
The property is located at 7464 Geronimo Trail Bellaire, MI.
What is the asking price?
The asking price for this property is $168,900.
What are key features of this property?
This property features: 2000 sq. ft. storage unit with 14' sidewalls.; Heated and insulated building with finished interior.**; Two 14' insulated overhead doors.**
More about this property
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