Storage Condo in Railway
For Sale
$204,000
6385 N Railway Commons, Williamsburg, MI 49690
1345 sq ft storage condo for personal or business use.
Property Size1,345 SF
Price / SF$151.67
Days on Market307
Property Features for 6385 N Railway Commons
General Information
Standard status
Active
Size
1,345 SF
Property subtype
Mixed Use
Building Details
Building Size
1,345 SF
Year Built
2025
Listing Agency:
Coldwell Banker Schmidt Traverse City
Listed By:
Karen Schmidt · License #6501234844
(231) 218-4463
Source:
Cbcworldwide
Added: Dec 3, 2025
Changed: Sep 10
Last Checked: Oct 5 at 3:05PM
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 Traverse City
Investment Insights
Based on property information with market context.
This 1,345 square foot storage condo is located in Railway Commons Business Park. The unit, measuring 26.9 feet by 50 feet, is suitable for personal, business, or recreational storage. It features a 14-foot by 14-foot insulated overhead door with an opener, one window, and a service door. The unit is plumbed for a gas heater and includes cold water with a hose bib, as well as 200-amp electrical service. A shared bathroom is accessible, equipped with a sink, shower, and laundry tub. The property is located in Acme Township, offering convenient access to M-72 and US-31, situated in a growing commercial corridor.
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
5.50%
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 5.50%
Second Best
Industrial
$112.0K
$98.0K – $130.6K
NOI $7,838 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$292.2K
$255.7K – $340.9K
NOI $20,453 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
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
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 - 1345 sq ft storage condo for personal or business use.
Where is this self storage facility located?
The property is located at 6385 N Railway Commons Williamsburg, MI.
What is the asking price?
The asking price for this property is $204,000.
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.
