2011 S Sheridan Rd - Self-Storage Facilities FOR SALE


Lennon, MI 48449
$2,790,000 USD
586-615-0101
2011 S Sheridan Rd, Lennon, MI for Sale
$2,790,000 USD
Self-Storage Facilities - FOR SALE
1/16
null | Request Cap Rate

2011 S Sheridan Rd
Lennon, MI 48449


HIGHLIGHTS

  • New Construction at the corner of two MI Highways
  • Strong Demand With Room for expansion
  • Seller Finance Considered

OVERVIEW

Please call Danielle Moore for all inquiries at 586.354.4433 Update 9.10.25- Occupancy increasing up over 5% in 10 days. Seller is now willing to entertain offers for seller finance. A+ Storage in Lennon, MI offers investors a rare value-add opportunity with immediate income and significant expansion potential. Built in 2024, the facility features 31,050 SF and 165 units across a mix of climate-controlled and drive-up storage. The property has recently opened just less than 3 months ago and is currently in lease-up at 35%+ occupancy, providing upside as it stabilizes. The 7.02-acre site is fully approved for Phase II expansion, allowing the facility to grow to 80,420 SF. At stabilization, Phase I is projected to deliver NOI of $255,920, with Phase II expansion pushing NOI potential to over $741,000—an outstanding long-term growth trajectory. Located at the hard corner of M-21 and M-13, the property enjoys excellent highway visibility, strong signage, and access to a growing residential base in Lennon, Durand, and Swartz Creek. The site also benefits from consistent regional traffic generated by Flint, Owosso, and nearby recreational corridors, including boaters, paddlers, campers, and seasonal visitors. Highlights: $2,790,000 asking price 165 units / 31,050 SF Phase I Approved expansion to 80,420 SF total Strong lease-up upside and value-add potential Excellent frontage on two major highways Onsite U-Haul contract for additional revenue This property is an exceptional opportunity for investors seeking a scalable self-storage asset with both near-term lease-up income and long-term expansion growth.

FOR SALE DETAILS

PRICE

$2,790,000 USD

PRICE/SF

$90 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.02 AC

LAND SF

305,791 SF

ZONING

LC,LOCA

APN/PARCEL ID

04-19-501-001,04-19-501-002,04-19-501-003,04-19-501-005,04-19-501-006

ASK ABOUT THIS PROPERTY

Maurice KhalifaRealty Executives Showcase CommercialMore Info
586-615-0101

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Maurice KhalifaRealty Executives Showcase CommercialMore Info
586-615-0101

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.