$1,200,000
$1,200,000
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18,750 SqFt
SOLD DATE : 10/31/2024
Key Details
Sold Price $1,200,000
Property Type Commercial
Sub Type Business And Real Estate
Listing Status Sold
Purchase Type For Sale
Square Footage 18,750 sqft
Price per Sqft $64
MLS Listing ID 66024012995
Sold Date 10/31/24
Originating Board Greater Kalamazoo Association of REALTORS®
Year Built 2021
Lot Size 2.260 Acres
Acres 2.26
Lot Dimensions Irregular
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, whichcreates 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.
Location
State MI
County Allegan
Area Gun Plain Twp
Direction US 131 to E Bridge St to 10th Street
Interior
Heating Forced Air
Heat Source Natural Gas
Exterior
Waterfront no
Building
Sewer Public Sewer (Sewer-Sanitary), Sewer at Street, Storm Drain
Water Water at Street, None
Structure Type Other,Wood
Schools
School District Plainwell
Others
Tax ID 0801902224
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Unknown/Data Share Listings
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