1218 Elm Street $2,200,000

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    1218 Elm Street Frankfort, MI 49635

    • 54,875 sq. ft.
    • 6.04 Acres
    • Commercial
    • MLS# 80046679
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    Views: 23 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
      • Acreage 6.04
      • Area Municipality Frankfort (10016)
      • County Benzie
      • Originating MLS Aspire North REALTORS
      • Ownership Private
      • Subdivision none
      • Total SqFt Finished 54875
      • Year Built 1963
      • ZONING Commercial
    • Building Features
      • Cooling System None
      • Exterior Construction Aluminum, Block, Brick, Frame
      • Foundation Type Slab
      • Heating System Baseboard, None
      • FUEL TYPE Natural Gas
      • Roofing Metal
    • Property Features
      • Water Public Water
      • PARKING Parking Lot
      • Lot Size 480x315,170x297,420x185
      • Sewer Septic Public Sanitary

    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 11:37:26 AM Status Changed Source: Multiple Listing Service New Value: Pending
        6/4/2024 4:22:00 PM New in Database Source: Multiple Listing Service New Value: $2,200,000

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        ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        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.