Railway Commons Storage
For Sale
$395,000
6391 N Railway Commons, Williamsburg, MI 49690
2,295 SF storage condo in Railway Commons Business Park.
Property Size2,295 SF
Price / SF$172.11
Days on Market306
Property Features for 6391 N Railway Commons
General Information
Standard status
Active
Size
2,295 SF
Property subtype
Mixed Use
Building Details
Building Size
2,295 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: Oct 1
Last Checked: Oct 5 at 3:07PM
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.
Located in the Railway Commons Business Park, this 2,295 SF storage condo provides flexible space suitable for business, hobby, or storage purposes. Upgraded features include a 14' X 14' insulated overhead door with opener, epoxy flooring, a service door, and three windows that provide natural light. The unit is equipped with gas heat, 200 amp electrical service, hot and cold water, and a hose bib. A shared bathroom includes a shower, laundry tub, and sink. The property is located in Acme Township, offering convenient access to M-72 and US-31.
Key Highlights
- Flexible 2,295 SF storage condo suitable for business, hobby, or storage.
- Upgraded with 14' X 14' insulated overhead door with opener and epoxy flooring.
- Equipped with gas heat, 200 amp electrical service, and hot/cold water.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,155
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,100
$383.1K
Cap Rate 7%
$273,643
$273.6K
Cap Rate 9%
$212,833
$212.8K
Market Conditions
NOI Build-Up for 2,295 SF
Gross rent
$29.7K $12.96/SF
− Vacancy
−$2.4K −$1.04/SF
EGI
$27.4K $11.92/SF
− OpEx
−$8.2K −$3.58/SF
NOI
$19.2K $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%
$383,100
Cap Rate 7%
$273,643
Cap Rate 9%
$212,833
Alternative Uses
Best Use
Self Storage
$273.6K
$239.4K – $319.3K
NOI $19,155 @ 7.0% cap · market cap 4.85%
Second Best
Industrial
$191.1K
$167.2K – $222.9K
NOI $13,374 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$498.6K
$436.2K – $581.7K
NOI $34,899 @ 7.0% cap · market cap 8.84%
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 - 2,295 SF storage condo in Railway Commons Business Park.
Where is this self storage facility located?
The property is located at 6391 N Railway Commons Williamsburg, MI.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Flexible 2,295 SF storage condo suitable for business, hobby, or storage.; Upgraded with **14' X 14' insulated overhead door with opener and epoxy flooring.**; Equipped with gas heat, 200 amp electrical service, and hot/cold water.
