909 Old Saint Johns, MI 48879
This exceptional 104-unit self-storage facility presents a compelling value-add investment opportunity in Saint Johns, Michigan. Built in 2022, the property boasts 12,560 square feet across eight single-story buildings situated on a 1.436-acre lot. Currently operating under a gross lease, the multi-tenant facility offers a price per square foot of $49.76 and a price per unit of $6,009.62, with an asking price of $625,000. The property is zoned GC and features a website domain (midmichiganstorage.com) and Easy Storage Solutions software, both included in the sale. While the facility is largely complete, minor improvements are needed to meet city requirements, specifically asphalt driveway paving and rear fencing. The current owner is prepared to facilitate a construction loan draw to cover these costs. Financial information is available upon request. This property offers a strong internal rate of return (IRR) and cash flow potential for the right investor group looking to maximize its value. The property's location in Saint Johns, Michigan provides excellent access to a growing market.
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.