$2,200,000
$2,200,000
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54,875 SqFt
SOLD DATE : 11/08/2024
Key Details
Sold Price $2,200,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 54,875 sqft
Price per Sqft $40
Subdivision Mi
MLS Listing ID 80046679
Sold Date 11/08/24
Year Built 1963
Lot Size 6.040 Acres
Acres 6.04
Lot Dimensions 480x315,170x297,420x185
Property Description
Now offering a multi-property storage portfolio located in beautiful Frankfort, MI. This 10 building portfolio consists of a mix of self-storage unit buildings and season boat & vehicle storage. The self-storage component has an average annual occupancy rate of 97%, while the vehicle storage sees roughly 275 to 300 boats stored annually. The buildings are combination of heated and unheated storage as well as a full-service maintenance shop for boat repair. With its strategic location and versatile infrastructure, this property presents a compelling investment prospect.
Location
State MI
County Benzie
Area Frankfort (10016)
Zoning Commercial
Interior
Heating Baseboard, None
Cooling None
Exterior
Garage Parking Lot
Roof Type Metal
Building
Foundation Slab
Water Public Water
Structure Type Aluminum,Block,Brick,Frame
Others
Ownership Private
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Commercial Loan,Conventional
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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with Three West, LLC