$2,200,000
$2,200,000
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1218 Elm Frankfort, MI 49635
54,875 SqFt
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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