Heated Storage Unit Near
For Sale
$199,900
10491 Brewery Creek Lane, Traverse City, MI 49684
21' X 60' heated storage unit in Elmwood Township.
Property Size1,195 SF
Price / SF$167.28
Days on Market518
Property Features for 10491 Brewery Creek Lane
General Information
Standard status
Active
Size
1,195 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
2022
Listing Agency:
Coldwell Banker Schmidt Traver
(231) 922-2350
Listed By:
Tia N Rieck · License #6502337541
(231) 620-5389
Source:
Exitrealty
Added: May 18, 2025
Changed: Oct 10
Last Checked: Oct 11 at 3:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Schmidt Traver
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Investment Insights
Based on property information with market context.
Located off M-22 on E. Brewery Creek Lane in Elmwood Township, this heated storage unit is situated near Harbor West Marina, Center Point Marina, Elmwood Marina, and Greilickville Harbor. The unit features all-steel construction with an 18' X 22' overhead, insulated door and a concrete floor with a drain. Electrical service is provided by a 100 AMP panel with 30 AMP service, and the unit includes a water hose bib. The inside dimensions measure 20.37' X 58.66', totaling 1195.2 square feet. The unit is plumbed for a bath and is suitable for boat and RV storage needs.
Key Highlights
- Prime location near multiple marinas (Harbor West, Center Point, Elmwood, Greilickville Harbor) offering convenient access for boat and RV owners.
- Large 21' X 60' heated storage unit suitable for boats and RVs.
- Features an 18' X 22' overhead insulated door, concrete floor with drain, and 100 AMP electrical panel with 30 AMP service.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,974
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$199,480
$199.5K
Cap Rate 7%
$142,486
$142.5K
Cap Rate 9%
$110,822
$110.8K
Market Conditions
NOI Build-Up for 1,195 SF
Gross rent
$15.5K $12.96/SF
− Vacancy
−$1.2K −$1.04/SF
EGI
$14.2K $11.92/SF
− OpEx
−$4.3K −$3.58/SF
NOI
$10.0K $8.35/SF
Area
Grand Traverse County, MI
Vacancy
8.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$199,480
Cap Rate 7%
$142,486
Cap Rate 9%
$110,822
Alternative Uses
Best Use
Self Storage
$142.5K
$124.7K – $166.2K
NOI $9,974 @ 7.0% cap · market cap 4.99%
Second Best
Industrial
$99.5K
$87.1K – $116.1K
NOI $6,964 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$259.6K
$227.2K – $302.9K
NOI $18,172 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Explore this area
Business Placement
Demographics for 49684, MI
22,025
Population
10,959
Households
2
Avg Household Size
49
Median Age
46%
College-Educated
96%
High-School Grad
52.8 sq mi
ZIP Area
417
Density / Sq Mi
$75,678
Median Household Income
$39,553
Median Earnings
$1,216
Median Rent
$375,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Self storage facility - 21' X 60' heated storage unit in Elmwood Township.
Where is this self storage facility located?
The property is located at 10491 Brewery Creek Lane Traverse City, MI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Prime location near multiple marinas (Harbor West, Center Point, Elmwood, Greilickville Harbor) offering convenient access for boat and RV owners.; Large 21' X 60' heated storage unit suitable for boats and RVs.; Features an 18' X 22' overhead insulated door, concrete floor with drain, and 100 AMP electrical panel with 30 AMP service.
