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Climate-Controlled Self Storage Facility
New
For Sale
$2,250,000

1005 W Main St owo, Owosso, MI 48867

A mixed storage operation includes three apartments, a retail shop, and an on-site office.

Property Size44,900 SF
Price / SF$50.11
Days on Market2

Property Features for 1005 W Main St owo

General Information

Standard status Active
Size 44,900 SF
Property subtype Self-Storage Facility
Occupancy 83%

Additional Details

Cap Rate 6.7%

Amenities

44,900 NRSF of Storage, Retail, and Multifamily
Fully Fenced with Keypad Entry
Being Offered at $50/SF
Over $70K HH Income in 5-Mi Radius
19.5% Projected Income Growth in Next 5 Years
3 On-Site Apartments and 3,200 SF of Retail

Building Details

Building Size 44,900 SF
Year Built 1991
Listed By: Grace Folger · License #License(s): GA: 439007, FL: SL3590594
Source: Marcusmillichap
Added: Sep 9 Last Checked: Sep 10 at 5:29AM

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 Grace Folger

Investment Insights

Based on property information with market context.

This self-storage facility contains approximately 44,900 net rentable square feet across climate-controlled and non-climate-controlled units. The property also includes three residential apartments, a retail shop, and an on-site office, creating a combination of storage, residential, retail, and operational components.

Constructed in 1991, the property is located at 1005 W Main St in Owosso, Michigan. The unit mix and additional improvements provide a varied physical configuration within the overall self-storage asset.

Key Highlights

  • Approximately 44,900 net rentable square feet of storage
  • Climate‑controlled and non‑climate‑controlled storage units
  • Three residential apartments included

Property Analytics

Current Use

Budget Truck Rental Car Rental Facility Owosso Mini Storage Storage Facility

Suggested Use

Top Pick Parking Lot & Garage Furniture & Home Goods Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Food Market Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

365
Businesses Nearby

Demographics for 48867, MI

27,596
Population
12,660
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
92%
High-School Grad
136.0 sq mi
ZIP Area
203
Density / Sq Mi
$58,718
Median Household Income
$37,908
Median Earnings
$834
Median Rent
$145,600
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
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Frequently Asked Questions

What type of property is this?
Self storage facility - A mixed storage operation includes three apartments, a retail shop, and an on-site office.
Where is this self storage facility located?
The property is located at 1005 W Main St owo Owosso, MI.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Approximately 44,900 net rentable square feet of storage; Climate‑controlled and non‑climate‑controlled storage units; Three residential apartments included
More about this property
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