Railway Commons Storage
For Sale
$199,000
6365 N Railway, Williamsburg, MI 49690
1,345 SF storage condo in Acme Township.
Property Size1,345 SF
Price / SF$147.96
Days on Market231
Property Features for 6365 N Railway
General Information
Standard status
Active
Size
1,345 SF
Property subtype
Commercial
Building Details
Year Built
2025
Listing Agency:
Coldwell Banker Schmidt Traver
Listed By:
Danielle Jerome · License #6501377986
(248) 762-2622
Source:
Elliman
Added: Mar 10
Changed: Oct 25
Last Checked: Oct 26 at 4:31PM
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 in Railway Commons Business Park, this storage condo offers 1,345 square feet of space, with dimensions of 26.9 feet by 50 feet. The unit is suitable for personal, business, or recreational storage purposes. It features a 14-foot by 14-foot insulated overhead door equipped with an opener, along with one window and a service door. The property is plumbed for a gas heater and includes cold water access with a hose bib. Electrical service is provided with a 200-amp capacity. Additionally, there is access to a shared bathroom facility that includes a sink, shower, and laundry tub. Situated in Acme Township, the property benefits from convenient access to both M-72 and US-31, positioning it within a growing commercial area.
Key Highlights
- Versatile 1,345 sq ft storage condo suitable for personal, business, or recreational use.
- 14’ x 14’ insulated overhead door with opener** for easy access.
- Plumbed for gas heater, cold water with hose bib, and 200‑amp electrical service.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,226
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$224,520
$224.5K
Cap Rate 7%
$160,371
$160.4K
Cap Rate 9%
$124,733
$124.7K
Market Conditions
NOI Build-Up for 1,345 SF
Gross rent
$17.4K $12.96/SF
− Vacancy
−$1.4K −$1.04/SF
EGI
$16.0K $11.92/SF
− OpEx
−$4.8K −$3.58/SF
NOI
$11.2K $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%
$224,520
Cap Rate 7%
$160,371
Cap Rate 9%
$124,733
Alternative Uses
Best Use
Self Storage
$160.4K
$140.3K – $187.1K
NOI $11,226 @ 7.0% cap · market cap 5.64%
Second Best
Industrial
$112.0K
$98.0K – $130.6K
NOI $7,838 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$292.2K
$255.7K – $340.9K
NOI $20,453 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
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Business Placement
Demographics for 49690, MI
6,494
Population
3,476
Households
1.9
Avg Household Size
50
Median Age
45%
College-Educated
97%
High-School Grad
82.7 sq mi
ZIP Area
79
Density / Sq Mi
$105,701
Median Household Income
$47,114
Median Earnings
$1,279
Median Rent
$329,100
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Self storage facility - 1,345 SF storage condo in Acme Township.
Where is this self storage facility located?
The property is located at 6365 N Railway Williamsburg, MI.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Versatile **1,345 sq ft storage condo** suitable for personal, business, or recreational use.; 14’ x 14’ insulated overhead door with opener** for easy access.; Plumbed for gas heater, cold water with hose bib, and 200‑amp electrical service.
