1218 Elm Street $2,200,000

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    1218 Elm Street Frankfort, MI 49635

    • 6.04 Acres
    • Commercial
    • MLS# 1923116
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    Views: 29 Days On Site: 140

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    Property Details

    Now offering a multi-property storage portfolio located in beautiful Frankfort, MI. This 10 building portfolio consists of a mix of self-storage unit buildings and season boat & vehicle storage. The self-storage component has an average annual occupancy rate of 97%, while the vehicle storage sees roughly 275 to 300 boats stored annually. The buildings are combination of heated and unheated storage as well as a full-service maintenance shop for boat repair. With its strategic location and versatile infrastructure, this property presents a compelling investment prospect.

    • General Features
      • Licenses None
      • Included In Lease None
      • Business Incl Yes
      • Business Name Boat Doctor
      • Type of Ownership Private Owner
      • Approx Year Built 1963
      • Type Income
      • Town T 26N
      • Township Frankfort
      • Present Use Automotive Service,Manufacture/Warehouse,Mini-Storage
    • Building Features
      • Extras Reinforced Concrete Floor, Overhead Door(s), Overhead Crane
      • Foundation Slab
      • Heating Cooling Source Natural Gas, None
      • Roof Metal, Membrane
      • Heating Cooling Type Baseboard, None
      • Apx Total Fin SQFT 54,875
    • Property Features
      • Water Municipal Water, None
      • Vacant Land No
      • Univs Design/Barrier Free No Steps Entry
      • Road Public Maintained
      • Sewer Municipal, None
      • Parking Parking Lot
      • Exterior Features Aluminum, Brick, Block
      • Construction Brick, Block, Frame
      • Lot Dimensions 480x315,170x297,420x185
      • Location Corner Lot, Industrial Park, Freestanding

    Neighborhood

    49635 (Frankfort) Demographics

    61 Median Age
    52 Population Density (per sq. mile)
    52% College Educated
    $61,500 Estimated Median Income
    1,174 Estimated Total Home Owners
    180 Estimated Total Renters
    87% / 13% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    3,273 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $432,500 Median Sales Price
    8 Homes Sold
    6 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $2,200,000
        8/13/2024 10:36:11 AM Status Changed Source: Multiple Listing Service New Value: Pending
        6/7/2024 4:05:58 AM Status Changed Source: Multiple Listing Service New Value: Active
        6/4/2024 4:06:00 PM New in Database Source: Multiple Listing Service New Value: $2,200,000

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        The data relating to real estate for sale on this web site comes in part from the Internet Data exchange ("IDX") program of Northern Great Lakes REALTORS MLS. All information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.