Storage Barn with Overhead
6900 Clipper Avenue Kewadin, MI 49648
6900 Clipper Avenue, Kewadin, MI, 49648
$117,500
Pending
For Sale
$117,500
Pending
New 28-by-40 storage barn with a 16-by-16 electric overhead door, concrete floor, and interior electrical lighting.
Property Size1,120 SF
Days on Market466
Property Features for 6900 Clipper Avenue
General Information
- Standard status
- Pending
- Size
- 1,120 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2025
Listing agency
REO - Elk Rapids-101308
(231) 590-8321
Listed by
Darci Springborn · License #6502411784
(231) 590-8321
Source
Exitrealty
Added: Apr 13, 2025 Updated: Jul 21 at 4:08AM Checked: Jul 21 at 4:08AM
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 REO - Elk Rapids-101308
Investment Insights
Based on property information with market context.
Under construction and expected to be completed by August 1, 2025, this 28-by-40 storage barn is designed for practical storage with workshop functionality. Improvements include a concrete floor, a 16-foot-by-16-foot electric overhead door, three electrical outlets, and four LED lights. A 12-by-24 loft with a 4-foot wide staircase is available for an additional $6,500.
The property is centrally located between Elk and Torch Lakes. Common areas include community bathrooms and running water from spring to fall located just outside your service door.
Inside, the layout is centered on the large overhead door for straightforward access and usable interior space, with electrical service and lighting already planned to support day-to-day use.
The property is centrally located between Elk and Torch Lakes. Common areas include community bathrooms and running water from spring to fall located just outside your service door.
Inside, the layout is centered on the large overhead door for straightforward access and usable interior space, with electrical service and lighting already planned to support day-to-day use.
Key Highlights
- New 28' x 40' storage barn under construction, expected complete by August 1, 2025
- 16' x 16' electric overhead door for drive‑in access
- Concrete floor plus interior electrical with three electrical outlets and four LED lights
Local Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $13.4k | $12.00 |
| − Vacancy | −$672 | −$0.60 |
| EGI | $12.8k | $11.40 |
| − OpEx | −$3.8k | −$3.42 |
| NOI | $8.9k | $7.98 |
1,120 SF · lease $12.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$127.7K
$111.7K – $149.0K
NOI $8,938 @ 7.0% cap · market cap 7.61%
Second Best
Warehouse
$105.3K
$92.1K – $122.9K
NOI $7,371 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$199.3K
$174.4K – $232.5K
NOI $13,952 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Self storage facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - New 28-by-40 storage barn with a 16-by-16 electric overhead door, concrete floor, and interior electrical lighting.
Where is this self storage facility located?
The property is located at 6900 Clipper Avenue Kewadin, MI.
What is the asking price?
The asking price for this property is $117,500.
What are key features of this property?
This property features: New 28' x 40' storage barn under construction, expected complete by August 1, 2025; 16' x 16' electric overhead door for drive‑in access; Concrete floor plus interior electrical with three electrical outlets and four LED lights
