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    3417 Clare Ave Harrison, MI 48625

    For Sale
    $400,000

    High-Traffic, 52-Unit Storage Business

    Property size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional self-storage facility, located at 3417 N. Clare in Harrison, Michigan, presents a lucrative investment opportunity. Built in 2004, the property boasts 6,000 square feet on a 0.69-acre lot. The single-story building houses 52 individual storage units, currently priced at $7,692 per unit. The asking price for the entire facility is $400,000, representing a compelling price per square foot of $66.67 and a 9% capitalization rate. The property features a spacious front office area with convenient guest parking and secure electronic gate entry for added safety and convenience. Its prime location on a busy thoroughfare ensures high visibility and significant traffic flow, contributing to strong occupancy rates and rental income potential. The property's 2004 construction suggests a relatively newer building with potentially lower maintenance costs compared to older facilities. This turnkey operation is ideal for investors seeking a stable, cash-flowing asset in a growing market. The property's size and unit count offer significant scalability and potential for future expansion or revenue growth. This is a rare opportunity to acquire a well-established and profitable self-storage business in a desirable Michigan location. The property's zip code is 48625.

    Property Features for 3417 Clare Ave

    General Information

    Property type
    Self storage facilities
    Square Feet
    6,000 SF
    Lot Size
    30,056 SF

    Building Details

    Year Built
    2004
    Stories
    1
    Units
    52

    HighLights

    • $400,000 asking price for this 6,000 square foot self‑storage facility.
    • 9% cap rate with a price per square foot of $66.67.
    • 52 units, averaging $7,692 per unit.
    • Located in Harrison, MI, on a busy corridor with high traffic and excellent visibility.
    • Features a spacious front office, guest parking, and electronic gate entry.
    • Built in 2004, this single‑story facility sits on a 0.69‑acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Harrison
    County
    Clare
    State
    Michigan
    Longitude
    -84.80828716
    Latitude
    44.03906589

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    FAQs

    What type of property is this?
    Self storage facility - High-Traffic, 52-Unit Storage Business
    Where is this self storage facility located?
    The property is located at 3417 Clare Ave Harrison, MI.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: $400,000 asking price for this 6,000 square foot self-storage facility.; 9% cap rate with a price per square foot of $66.67.; 52 units, averaging $7,692 per unit.
    Request Owner's contact information
    3417 Clare Ave Harrison, MI 48625
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3417 Clare Ave Harrison, MI 48625
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