7338-7344 E Duck Lake Rd - Self-Storage Facilities FOR SALE


Lake Leelanau, MI 49653
$1,395,000 USD
231-534-5225
7338-7344 E Duck Lake Rd, Lake Leelanau, MI for Sale
$1,395,000 USD
Self-Storage Facilities - FOR SALE
1/7
null | 7.7% Cap Rate

7338-7344 E Duck Lake Rd
Lake Leelanau, MI 49653


HIGHLIGHTS

  • Approved for 30 Additional Self-Storage Units
  • New Construction
  • Central Leeanau Location
  • M-204 Frontage.

OVERVIEW

90 unit self-storage property with three buildings built from 2020-2025. Available at a 7.7% cap rate with room to further increase rent. Seller has approval to build an additional 30 unit building. Central Leelanau County location on the east side of the Village of Lake Leelanau with signage on M-204. Moveable middle partition walls allow flexibility on unit sizes. A new 7,260 sq. ft. commercial building at the front of the property is also available to purchase with good potential for temperature controlled self-storage or retail/office uses.

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$103 USD /SF

CAP RATE

7.7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Self Storage Buildings 2/3/4

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

3.74 AC

LAND SF

162,914 SF

ZONING

C-2

APN/PARCEL ID

009-024-018-32 to be split

ASK ABOUT THIS PROPERTY

Kevin EndresThree West LLCMore Info
231-534-5225

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Kevin EndresThree West LLCMore Info
231-534-5225

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