909 Old Saint Johns, MI 48879
- Self storage facilities
- 12,560 SF
- 1.44 lot acres
Current Use by Public Records
- Self storage facilities
Property Details for 909 Old
- Year built
- 2022
- Lot size
- 1.44 lot acres
- Property size
- 12,560 SF
- Property type
- Self storage facilities
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Saint Johns
- County
- Clinton
- State
- Michigan
- Longitude
- -84.5551
- Latitude
- 43.0113
