Climate-Controlled Self-Storage
New
For Sale
$1,225,000
1205 Auto Avenue, Harbor Springs, MI 49740
Commercial/Industrial, Harbor Springs, MI
Property Size4,320 SF
Price / SF$283.56
Days on Market5
Property Features for 1205 Auto Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
LTT B-2
Window features
Vinyl Frames
Elementary school district
Harbor Springs
Middle school district
Harbor Springs
High school district
Harbor Springs
Directions
E. on West Conway Rd. to left on Auto Ave.
Subdivision
Little Traverse
Standard status
Active
APN
08-16-14-100-022
Size
4,320 SF
Taxes and HOA fees
Tax Description
PART OF COM AT W 1/4 COR OF SECTION 14, TH N90o00'00"E 1383.35 FTALG E/W 1/4 OF SD SEC, TH N00o22'29
HOA Fee
$800 Monthly
Legal Description
PART OF COM AT W 1/4 COR OF SECTION 14, TH N90o00'00"E 1383.35 FTALG E/W 1/4 OF SD SEC, TH N00o22'29
Utilities
Heating system
Natural Gas
Water source
Well
Building Details
Year built
2024
Roof type
Metal
Listing Agency:
Graham Real Estate
(231) 526-6251
Listed By:
Heidi Kresnak
(231) 838-1977
Added: Oct 1
Last Checked: Oct 5 at 8:06PM
MLS# 474841
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 self-storage property comprises garages ranging from 1,280 to 6,000 square feet, with 4,320 square feet identified as the property size. The 2024-built structures feature metal roofs, natural gas heating, and climate-controlled radiant heat beneath the floors. Restrooms serve the garage area, and the site includes irrigated green space.
A gated setting and broad paved driveways provide circulation for trailers and car haulers. The property is zoned LTT B-2 and uses well water.
A gated setting and broad paved driveways provide circulation for trailers and car haulers. The property is zoned LTT B-2 and uses well water.
Key Highlights
- Garage configurations range from 1,280 to 6,000 square feet
- 4,320‑square‑foot property size
- Built in 2024 with metal roofing and natural gas heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,436
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,368,720
$1.4M
Cap Rate 7%
$977,657
$977.7K
Cap Rate 9%
$760,400
$760.4K
Market Conditions
NOI Build-Up for 4,320 SF
Gross rent
$86.6K $20.04/SF
− Vacancy
−$6.1K −$1.40/SF
EGI
$80.5K $18.64/SF
− OpEx
−$12.1K −$2.80/SF
NOI
$68.4K $15.84/SF
Area
Emmet County, MI
Vacancy
7.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,368,720
Cap Rate 7%
$977,657
Cap Rate 9%
$760,400
Alternative Uses
Best Use
Warehouse
$977.7K
$855.5K – $1.14M
NOI $68,436 @ 7.0% cap · market cap 5.59%
Second Best
Self Storage
$805.1K
$704.5K – $939.3K
NOI $56,359 @ 7.0% cap · market cap 4.60%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 49740, MI
7,511
Population
6,057
Households
1.2
Avg Household Size
55
Median Age
46%
College-Educated
97%
High-School Grad
124.9 sq mi
ZIP Area
60
Density / Sq Mi
$85,230
Median Household Income
$38,820
Median Earnings
$997
Median Rent
$332,600
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
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Frequently Asked Questions
What type of property is this?
Self storage facility - A gated garage community offers radiant in-floor heat, restrooms, and paved circulation for trailer access.
Where is this self storage facility located?
The property is located at 1205 Auto Avenue Harbor Springs, MI.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Garage configurations range from 1,280 to 6,000 square feet; 4,320‑square‑foot property size; Built in 2024 with metal roofing and natural gas heat
