6696 Chippewa Hwy, Manistee, MI 49645
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.