Property summary
The property is an 81-unit self-storage complex located in the Irish Hills area, consisting of five storage buildings on a site of just over 2 acres. The facilities are configured for low-maintenance operation, and the layout allows for potential expansion via construction of an additional sixth building and/or development of outdoor storage space. The complex is positioned near Michigan International Speedway as well as area lakes and vacation destinations, supporting year-round demand characteristics typical of the surrounding market.
Property profile
VerifiedCap rate & NOI
Current use
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Storage Facility
Location
Value estimations
Owner & transaction history
Zoning & alternative use
This I-1 district is designed to provide suitable space for light industrial uses which operate in a safe, non-objectionable and efficient manner, and which are compatible in appearance with and require a minimum of buff…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
I-1 · Brooklyn, MIThis I-1 district is designed to provide suitable space for light industrial uses which operate in a safe, non-objectionable and efficient manner, and which are compatible in appearance with and require a minimum of buff…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
This I-1 district is designed to provide suitable space for light industrial uses which operate in a safe, non-objectionable and efficient manner, and which are compatible in appearance with and require a minimum of buff…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I-1 in Brooklyn, MI.
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