22-Unit Self-Storage
For Sale
$235,000
730 N Main Street, Lawton, MI 49065
COMMERCIAL - Lawton, MI
Property Size3,940 SF
Lot Size0.68 Acres
Price / SF$59.64
Days on Market50
Property Features for 730 N Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
I-1
Elementary school district
Lawton
Middle school district
Lawton
High school district
Lawton
Directions
I-94 to M-40, south on M-40 to property.
Standard status
Active
APN
80-45-700-049-10
Size
3,940 SF
Lot size
0.68 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
attached. Buyer to verify.
Tax Annual Amount
3305
Legal Description
attached. Buyer to verify.
Utilities
Utilities
Cable Available
Heating system
Forced Air
Amenities
storage units
car wash
vacuum stations
drive thru spray units
outside spray station
Building Details
Year built
1990
Number of units
22
Building materials
Block, Concrete, Wood Siding, Brick, Stone
Roof type
Composition
Listing Agency:
Five Star Real Estate
(269) 459-7898
Listed By:
Colleen Mencl
(269) 330-0486
Added: Jun 19
Changed: Aug 4
Last Checked: Aug 7 at 5:06AM
MLS# 26030606
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Self-storage facility featuring 22 storage units with roll-up doors and concrete floors. The paved site is complemented by a grassy area between storage units that can support additional storage. Heating is forced air, with cable available, and the building is supported by block and brick construction with wood siding elements.
The property is located on M-40 with excellent visibility and is next to a Dollar Store on North Main. The site also includes a former wash building; the car wash is currently inactive and includes 4 vacuum stations, three drive-thru spray units, and outside spray stations for larger trucks, tractors, and campers.
Originally built in 1990, the roof consists of composition materials, and the property totals 3,940 square feet on 0.68 acres.
The property is located on M-40 with excellent visibility and is next to a Dollar Store on North Main. The site also includes a former wash building; the car wash is currently inactive and includes 4 vacuum stations, three drive-thru spray units, and outside spray stations for larger trucks, tractors, and campers.
Originally built in 1990, the roof consists of composition materials, and the property totals 3,940 square feet on 0.68 acres.
Key Highlights
- 22 storage units with roll‑up doors and concrete floors
- 0.68‑acre paved site with excellent visibility on M‑40
- Former wash building includes 4 vacuum stations and 3 drive‑thru spray units; car wash currently inactive
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,350
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$407,000
$407.0K
Cap Rate 7%
$290,714
$290.7K
Cap Rate 9%
$226,111
$226.1K
Market Conditions
NOI Build-Up for 3,940 SF
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.
Gross rent
$29.8K $7.56/SF
− Vacancy
−$715 −$0.18/SF
EGI
$29.1K $7.38/SF
− OpEx
−$8.7K −$2.21/SF
NOI
$20.4K $5.16/SF
Area
Van Buren County, MI
Vacancy
2.40%
Lease Rate
$7.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$407,000
Cap Rate 7%
$290,714
Cap Rate 9%
$226,111
Alternative Uses
Best Use
Specialty Retail
$651.0K
$569.7K – $759.6K
NOI $45,573 @ 7.0% cap · market cap 19.39%
Second Best
Retail
$584.3K
$511.3K – $681.7K
NOI $40,901 @ 7.0% cap · market cap 17.40%
Theoretical Best
Multifamily LT 5
$48.72M
$42.63M – $56.84M
NOI $3,410,220 @ 7.0% cap · market cap 1,451.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
Explore this area
Business Placement
Demographics for 49065, MI
6,974
Population
3,559
Households
2
Avg Household Size
43
Median Age
23%
College-Educated
94%
High-School Grad
44.8 sq mi
ZIP Area
156
Density / Sq Mi
$73,125
Median Household Income
$46,625
Median Earnings
$856
Median Rent
$235,400
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - Self-storage facility with 22 roll-up units, concrete floors, forced-air heating, and cable available on a paved site.
Where is this self storage facility located?
The property is located at 730 N Main Street Lawton, MI.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 22 storage units with roll‑up doors and concrete floors; 0.68‑acre paved site with excellent visibility on M‑40; Former wash building includes 4 vacuum stations and 3 drive‑thru spray units; car wash currently inactive
