40027 Michigan Ave - Specialty FOR SALE


Canton Township, MI 48188- Canton
$1,500,000 USD
810-986-2331
40027 Michigan Ave, Canton Township, MI for Sale
$1,500,000 USD
Specialty - FOR SALE
1/1
null | 8.04% Cap Rate

40027 Michigan Ave
Canton Township, MI 48188
Canton


HIGHLIGHTS

  • 3.33-acre income-producing site with 5 residential units and 114 outdoor storage spaces, creating multiple revenue streams.
  • High-visibility Michigan Avenue frontage with approximately 425 feet of frontage and traffic of about 32,400 cars per day.
  • Value-add and redevelopment potential with flat topography, full utilities, and easy access to I-275.

OVERVIEW

Exceptional opportunity to acquire an income-producing 3.33-acre commercial assemblage in one of Canton’s most visible growth corridors. Existing improvements include one single-family home, two duplexes, and a 114-space outdoor storage yard, creating diversified cash flow with upside through operational improvements, rent growth, or redevelopment. Located just 1.5 miles from I-275 with strong corridor exposure. Michigan Storage Canton MI is a self-storage facility located in Canton, Michigan. The facility offers a variety of storage units in a variety of sizes, ranging from 5x5 to 10x30. The facility also offers climate-controlled units, drive-up access, and 24-hour access. The facility is also equipped with security cameras and a gated entrance. Michigan Storage Canton MI also offers a variety of packing and moving supplies, including boxes, tape, and bubble wrap. Amenities 1. 24/7 Access 2. Climate Controlled Units 3. Drive-Up Access 4. On-Site Management 5. Security Cameras 6. Online Bill Pay 7. Boxes & Moving Supplies 8. RV, Boat & Vehicle Storage 9. Wide Driveways 10. Month-to-Month Leases

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$789 USD /SF

CAP RATE

8.04%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Michigan Storage

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.33 AC

LAND SF

145,055 SF

ZONING

LI — Light Industrial

APN/PARCEL ID

71-141-99-0031-000

ASK ABOUT THIS PROPERTY

Glen BrownRE/MAX COMMERCIALMore Info
810-986-2331

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Glen BrownRE/MAX COMMERCIALMore Info
810-986-2331

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