Industrial Land with Approved Storage
505 W Territorial Road, Manchester, MI 48158
For Sale
New
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Three month-to-month tenants occupy existing improvements, alongside approved plans for self-storage and RV storage.
Property SizeContact for details
Days on Market6
Property Features for 505 W Territorial Road
General Information
Standard status
Property subtype
Listing Agency:
Marcus & Millichap - Detroit
Listed By:
Ashish Vakhariya · License MI #6501322501
(248) 415-2636
Source:
Crexi
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 10 at 7:15AM
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 Marcus & Millichap - Detroit
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The three-parcel property spans 11.76 acres and includes approximately 12,600 square feet of existing office, warehouse and storage space. Current improvements include about 4,000 square feet of office area, a high-bay garage with three 14-foot pull-through doors and four storage buildings. Three tenants occupy the property on month-to-month leases. Each reimburses one-third of electric, natural gas and water expenses; lease terms allow for continued occupancy or space reclamation as development proceeds.
A 5.11-acre parcel zoned I-1 Limited Industrial has approvals for a storage project secured through a consent judgment. Plans call for 171 drive-up units totaling approximately 13,650 square feet, a 22,500-square-foot covered RV canopy and about 45,000 square feet of outdoor RV storage. Planned site features include controlled keypad entry, fencing, paved circulation, lighting, stormwater infrastructure and a leasing office in the existing building.
The remaining 6.65 acres consist of 4.15 acres zoned R-1B Residential and a 2.50-acre agricultural parcel. The residential parcel may accommodate up to 16 homes, subject to municipal review and approval. The property is approximately three blocks west of M-52, 11 minutes from Interstate 94 and 15 minutes from Chelsea.
A 5.11-acre parcel zoned I-1 Limited Industrial has approvals for a storage project secured through a consent judgment. Plans call for 171 drive-up units totaling approximately 13,650 square feet, a 22,500-square-foot covered RV canopy and about 45,000 square feet of outdoor RV storage. Planned site features include controlled keypad entry, fencing, paved circulation, lighting, stormwater infrastructure and a leasing office in the existing building.
The remaining 6.65 acres consist of 4.15 acres zoned R-1B Residential and a 2.50-acre agricultural parcel. The residential parcel may accommodate up to 16 homes, subject to municipal review and approval. The property is approximately three blocks west of M-52, 11 minutes from Interstate 94 and 15 minutes from Chelsea.
Key Highlights
- Approved storage development on 5.11 acres zoned I‑1 Limited Industrial
- Three parcels totaling approximately 11.76 acres, with 12,600 square feet of existing improvements
- Plans include 171 drive‑up units totaling approximately 13,650 square feet
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Trade Area within ½ mile
198
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Demographics for 48158, MI
7,362
Population
3,348
Households
2.2
Avg Household Size
49
Median Age
38%
College-Educated
97%
High-School Grad
95.1 sq mi
ZIP Area
77
Density / Sq Mi
$97,692
Median Household Income
$56,926
Median Earnings
$900
Median Rent
$298,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Industrial land - Three month-to-month tenants occupy existing improvements, alongside approved plans for self-storage and RV storage.
Where is this industrial land located?
The property is located at 505 W Territorial Road Manchester, MI.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Approved storage development on 5.11 acres zoned I‑1 Limited Industrial; Three parcels totaling approximately 11.76 acres, with 12,600 square feet of existing improvements; Plans include 171 drive‑up units totaling approximately 13,650 square feet
