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Property profile & analytics
OFF-MARKET
Self storage facilities

& Old US-23 Faussett Rd Fenton, MI 48430

136,680 SF 10 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 10-acre development opportunity in Fenton, Michigan, presents a unique investment prospect in a high-demand recreational storage market. Located at the southwest corner of Faussett Road and US-23 (with approximately 46,250 vehicles daily), this strategically positioned site offers significant visibility and convenient access. Current plans encompass 136,680 rentable square feet across 317 units within seven metal-constructed buildings, designed to accommodate either large storage condominiums or individual boat and RV units. The property's prime location in Livingston County, near numerous lakes, marinas, campgrounds, and residential developments, ensures strong potential for occupancy. The area boasts an average household income within a three-mile radius of $124,552, indicating a robust consumer base. This site presents a rare chance to capitalize on the undersupplied market for high-quality boat and RV storage, offering investors the potential to create a Class-A asset in a thriving community. The property is situated approximately 10 minutes from downtown Fenton, 30 minutes from Ann Arbor, 50 minutes from Lansing, and one hour from Detroit, providing easy access to major population centers. The asking price is $1,450,000, with a price per square foot of $10.61. This fully entitled land offers a compelling opportunity for significant return on investment.

Property profile
Verified
Property type Self storage facilities
Total area 136,680 SF
Lot 10 ac (435,600 SF)
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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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