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    6696 Chippewa Hwy, Manistee, MI 49645

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    This exceptional 189,000 USD investment opportunity in Manistee, Michigan, presents a ready-to-build storage condominium development. Located at 6696 Chippewa Highway, 49645, this property boasts thirteen approved building sites, supplementing three existing units. The development plan includes four 40x30 buildings, five 40x40 buildings, and four 40x80 buildings, each site possessing its own unique tax ID number. An approved and recorded condominium master deed ensures a streamlined process for future development and ownership. The property's strategic location near lakes caters to the increasing demand for boat, RV, classic car, and other recreational vehicle storage. This presents a unique chance to capitalize on the thriving market for secure storage solutions in a desirable area. The special purpose land is zoned for commercial use and offers significant potential for immediate returns and long-term growth. This turnkey development requires minimal upfront investment and offers a high potential for rental income. The property's location in Manistee County, Michigan, provides easy access to local amenities and attractions. This is an ideal opportunity for investors seeking a profitable venture in a growing market. Contact us today to learn more about this exciting investment opportunity.

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    Property type Specialty properties
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Permitted uses
    Allowed · conditional · prohibited
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