& Old US-23 Faussett Rd Fenton, MI 48430
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.
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
Similar Nearby for Lease
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.