$2,200,000
$2,200,000
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1218 Elm Street Frankfort, MI 49635
54,875 SqFt
Key Details
Sold Price $2,200,000
Property Type Commercial
Sub Type Business Opportunity
Listing Status Sold
Purchase Type For Sale
Square Footage 54,875 sqft
Price per Sqft $40
MLS Listing ID 78080046679
Sold Date 11/08/24
Originating Board Aspire North REALTORS®
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
Zoning Commercial
Interior
Heating Baseboard, No Heat
Heat Source Natural Gas
Exterior
Waterfront no
Roof Type Metal
Accessibility Disabled Access
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Aluminum,Block/Concrete/Masonry,Brick,Frame
Schools
School District Frankfort-Elberta
Others
Tax ID 10-51-150-011-00+
Ownership Private Owned
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash,Conventional,Other
Special Listing Condition Unknown/Data Share Listings
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Bought with Three West, LLC