Enclosed RV and Vehicle
For Sale
Contact for pricing
363 West River Street, Otsego, MI 49078
Purpose-built storage facility in Otsego, Michigan, near Kalamazoo River.
Property Size36,448 SF
Lot Size3.40 Acres
Days on Market98
Property Features for 363 West River Street
General Information
Standard status
Active
Size
36,448 SF
Lot size
3.40 Acres
Property subtype
Self Storage
Occupancy
93%
Investment Type
Stabilized
Net Operating Income
$102,848
Building Details
Buildings
7
Units
58
Tenancy
Multi
Listing Agency:
JDS Real Estate Services, Inc.
Listed By:
Jennifer Stein · License #01507135
Source:
Crexi
Added: May 22
Changed: Aug 22
Last Checked: Aug 26 at 12:33AM
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 JDS Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
River Street Storage is a purpose-built enclosed RV and vehicle storage facility located in Otsego, Michigan. The property features 36,448 net rentable square feet across 58 units in 7 buildings on 3.4 acres. The facility is well-maintained with no outstanding capital expenditure items and operates as a family-owned legacy asset with a strong community presence and stabilized historical cash flow. The property is conveniently located on M-89 with approximately 15,500 vehicles per day and direct access to US-131 via Exit 49, connecting the Kalamazoo and Grand Rapids metropolitan areas. The facility features 14-foot oversized doors and wide drive aisles, purpose-designed for Class A motorhome and trailered boat maneuverability. Select units feature 20-amp outlets and 30-amp RV electrical service. With 93.1% physical occupancy and minimal advertising expense, the property reflects strong organic demand in a supply-constrained submarket. The facility's proximity to the Kalamazoo River, Gun Lake, and numerous all-sports lakes drives year-round boat, RV, and recreational vehicle storage demand. The stabilized asset presents an immediate opportunity to push rental rates within a high-demand, low-vacancy enclosed storage market.
Key Highlights
- Purpose‑built RV and vehicle storage facility with 36,448 net rentable square feet and 58 units.
- Benefit from a high occupancy rate of 93.1%, indicating strong demand.
- Strategic location on M‑89 with high traffic count (15,500 vehicles per day) and easy access to US‑131.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
Explore this area
Business Placement
Demographics for 49078, MI
9,483
Population
4,315
Households
2.2
Avg Household Size
41
Median Age
19%
College-Educated
92%
High-School Grad
49.5 sq mi
ZIP Area
192
Density / Sq Mi
$77,517
Median Household Income
$44,956
Median Earnings
$1,106
Median Rent
$189,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Purpose-built storage facility in Otsego, Michigan, near Kalamazoo River.
Where is this self storage facility located?
The property is located at 363 West River Street Otsego, MI.
What are key features of this property?
This property features: Purpose‑built RV and vehicle storage facility with 36,448 net rentable square feet and 58 units.; Benefit from a high occupancy rate of 93.1%, indicating strong demand.; Strategic location on M‑89 with high traffic count (15,500 vehicles per day) and easy access to US‑131.
