3232 W Frank Pipp Drive $1,800,000

    Close

    3232 W Frank Pipp Drive Iron Mountain, MI 49801

    • 42,000 sq. ft.
    • 4.00 Acres
    • Commercial
    • MLS# 50131602
    Favorite Share
    Views: 67 Days On Site: 312

    Go Tour This Listing

    Schedule A Showing

    Property Details

    Great passive income opportunity for the discerning investor! This self-storage business contains two 24,000 sq ft buildings with a total of 156 units in a variety of sizes. Located in a great spot on the edge of town, just off US Hwy 2. Situated on a 4-acre parcel with room to add another storage building. This is a highly successful business with occupancy rates consistently between 94-100%.

    • General Features
      • Acreage 4
      • Area Municipality Iron Mountain (22007)
      • County Dickinson
      • Originating MLS Upper Peninsula Assoc of Realtors
      • Ownership Corporation
      • Total SqFt Finished 42000
      • Waterfront Y/N No
      • Year Built 1987
    • Building Features
      • Cooling System None
      • Exterior Construction Metal
      • Foundation Type Slab
      • Heating System None
      • Roofing Shingles
    • Property Features
      • Water Features None
      • LOT DESCRIPTION Cleared
      • PARKING On Site
      • Lot Size 228x671x131xirreg
      • Roads City/County

    Neighborhood

    49801 (Iron Mountain) Demographics

    49 Median Age
    73 Population Density (per sq. mile)
    40% College Educated
    $50,158 Estimated Median Income
    4,016 Estimated Total Home Owners
    1,105 Estimated Total Renters
    78% / 22% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    11,328 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $159,900 Median Sales Price
    9 Homes Sold
    14 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: $1,800,000
        7/19/2024 12:22:03 PM Price Reduced Source: Multiple Listing Service New Value: $1,800,000 -5.26%
        1/17/2024 9:36:00 AM New in Database Source: Multiple Listing Service New Value: $1,900,000

        Payment Calculator

        $0 per month
        Year Fixed, Interest
        Principal and Interest
        $0
        Property Taxes
        Homeowners' Insurance

        Home Price
        Down Payment
        * This payment calculator is intended for educational and planning purposes only.
        ** 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.