Frankfort, MI 49635,1218 Elm

$2,200,000

Est. payment /mo

$2,200,000

Est.Price: ?

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1218 Elm Frankfort, MI 49635

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

Municipality Frankfort

Subdivision Frankfort

MLS Listing ID 80046679

Sold Date 11/08/24

Originating Board MiRealSource

Year Built 1963

Lot Size 6.040 Acres

Acres 6.04

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

Zoning Commercial

Interior

Heating Baseboard, None

Cooling None

Exterior

View Y/N No

Roof Type Metal

Building

Sewer Public

Structure Type Aluminum Siding,Block,Brick

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Listed by Three West, LLC

Good Company Realty

+1(248) 733-5811

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