$1,500,000
Plainwell, MI 49080
MLS# 24012995
18750 sqft
1 / 3
Property Description
RPM Boat and RV Storage is a premium self-storage facility that was built in 2021 and is located at 510 10th Street in Plainwell, Michigan. This facility consists of 25 units measuring 15'x50' with 12'x14' overhead doors, totaling 18,750 square feet between the two buildings. The business is operating at 100% occupancy with long term tenants. 13 of 25 units are below market rents, which creates opportunity for even better returns for the new owner. Whether this is your first investment, or you're looking to add to a portfolio, this is an exceptional property.
Details
Maps
Location & Property Info
County: Allegan
Street #: 510
Street Name: 10th
Suffix: Street
State: MI
Zip Code: 49080
Cross Streets: Miller Road & 10th Street
Property Sub-Type: Retail/Commercial
Area: Greater Kalamazoo - K
Municipality: Gun Plain Twp
Office/Contract Info
Status: Active
Current Price: $1,500,000
List Price: $1,500,000
Auction or For Sale: For Sale
List Price/SqFt: 80
Prop Avail for Lease?: No
Sub Agency Type: %
Buyer Agency: 2.5
Buyer Agency Type: %
Trans Coord Type: %
Listing Date: 2024-03-18
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 2.26
Lot Square Footage: 98446
Lot Dimensions: Irregular
Year Built: 2021
Total # Units: 25
# Fin Bldg Lvls: 1
Total # Bldgs: 2
Total SqFt: 18750
Waterfront: No
School District: Plainwell
Tax Info
Tax ID #: 08-019-022-24
Taxable Value: 316615
SEV: 363200
For Tax Year: 2023
Tax Year: 2023
Spec Assessment & Type: None known
Remarks & Misc
Legal: On file at listing office.
Directions: US 131 to E Bridge St to 10th Street
Property Features
Uses: Storage
Business Includes: Real Estate
Construction Type: Pole/Wood
Sewer: None; Public
Water: None
Utilities Attached: Electric; Natural Gas; Telephone
Util Avail at St: Electric; Natural Gas; Public Sewer; Public Water; Storm Sewer; Telephone
Heat Source: Natural Gas
Heat Type: Forced Air
Purchase Terms Avail: Cash
Sale Conditions: None
Listing Office: Kalamazoo Commercial Real Estate
Listing Agent: Chad VanDerwall
Last Updated: March - 18 - 2024
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