1120 Us-31 N
$1,750,000
1120 Us-31 N, Pellston, MI 49769
17,560 sqft
Building Size
5 acres
Lot Area
Details:
Highlights:
- Heating Fuel Type: Propane
- Road Type: City / Town Street
- Roof: Metal Roof
- Water: Well
- Cooling: Wall Unit A/C
Description:
US 31 N across from Pellston Regional Airport
HIGHWAY CORRIDOR PORTFOLIO WITH AIRPORT EXPOSURE & MASSIVE BUILD-OUT UPSIDE: Priced at $1,750,000, this rare multi-asset 7.8% CAP RATE commercial portfolio delivers immediate diversified cash flow paired with a preapproved development segway for 440 additional fully approved storage units on 7 expansion pads. Positioned directly on a high-traffic 6266 AADT highway corridor, the property features unparalleled logistical visibility, sitting directly across from the Pellston Regional Airport on over 5 total acres and 400' of frontage-seamlessly abutting state land on the easterly line. The existing revenue stream is anchored by 110 self-storage units with prime highway frontage and an active, high-margin U-Haul Dealership Pick up and Drop off site that acts as a built-in customer acquisition engine. The sale includes an adjacent parcel featuring 2 rental homes generating an immediate $1,950 in monthly gross revenue ($23,400 annually), plus a high-visibility commercial pole building with offices, bathroom and commercial kitchen fixtures- currently leased to a business that plans to continue leasing. While enjoying this multi-stream income on day one, the incoming investor acquires a massive future development asset completely ready to break ground. Skip the risky, multi-year municipal zoning and approval process, capitalize instantly on the airport-adjacent location, and expand the existing storage footprint by 7 pads. Ideal for portfolio investors looking for stable, diversified yield paired with a permitted upside. Financial documents and fully engineered facility layout plans are available. Don't miss this generational chance to secure a cash-flowing asset today while building your real estate legacy tomorrow‹” step into an incredibly rewarding investment with endless potential!
Listing ID: 454d6b96-a13a-4941-854c-437e9faa8244
Location
Gallery
