Property profile

61049 Lewis Lk Rd Vandalia, MI 49095

OFF-MARKET
Other commercial real estate
Property ID
US43-2599387
5.44 ac lot
Entity Owned Free & Clear
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Property summary

AI-generated overview

Storage and outdoor storage property situated on more than 5 acres in Newberg Township. The site contains two storage buildings measuring 30 ft by 100 ft, totaling 40 units across the buildings, and a 40 ft by 80 ft pole barn divided into 4 units. Outdoor storage is provided through a fenced outdoor storage lot, an outdoor boat/RV storage area, and the property includes an office along with RV hookups. A rear service road on the property previously supported a cell tower and may support future site development, subject to applicable approvals. Site infrastructure includes a newer well and septic system, and the property is fenced. Additional on-site uses have historically included a U-Haul dealership and a seasonal fireworks sales contract. The property’s setting is near multiple lakes.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 5.44 ac (236,966 SF)
APN 14-080-031-008-00
UPID US43-2599387

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Storage Facility
  • Car Rental Facility
  • Discount Store Party Supply Store

Location

61049 Lewis Lk Rd Vandalia, MI 49095-9763
Vandalia metro Census 1702 SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2026
Last sale
$315,000
3 recorded transactions
2026
Price N/A
2023
$315,000
2020
$166,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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