$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
Year Built 1963
Lot Size 6.040 Acres
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
Exterior
Roof Type Metal
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
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition Unknown/Data Share Listings
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Bought with Three West, LLC