1100 US-31 NPellston, MI 49769
Metes and bounds · Emmet County
Description
Terms Available*HIGHWAY CORRIDOR PORTFOLIO WITH AIRPORT EXPOSURE & MASSIVE BUILD-OUT UPSIDE: Priced at $1,750,000, this rare multi-asset 7.8% CAP RATE commercial portfolio delivers immediate diversified cash flow paired with a preapproved development segway for 440 additional fully approved storage units on 7 expansion pads. Positioned directly on a high-traffic 6266 AADT highway corridor, the property features unparalleled logistical visibility, sitting directly across from the Pellston Regional Airport on over 5 total acres and 400' of frontage-seamlessly abutting state land on the easterly line. The existing revenue stream is anchored by 110 self-storage units with prime highway frontage and an active, high-margin U-Haul Dealership Pick up and Drop off site that acts as a built-in customer acquisition engine. The sale includes an adjacent parcel featuring 2 rental homes generating an immediate $1,950 in monthly gross revenue ($23,400 annually), plus a high-visibility commercial pole building with offices, bathroom and commercial kitchen fixtures- currently leased to a business that plans to continue leasing. While enjoying this multi-stream income on day one, the incoming investor acquires a massive future development asset completely ready to break ground. Skip the risky, multi-year municipal zoning and approval process, capitalize instantly on the airport-adjacent location, and expand the existing storage footprint by 7 pads. Ideal for portfolio investors looking for stable, diversified yield paired with a permitted upside. Financial documents and fully engineered facility layout plans are available. Don’t miss this generational chance to secure a cash-flowing asset today while building your real estate legacy tomorrow— step into an incredibly rewarding investment with endless potential!
Property Information
- Property type
- Commercial Sale
- Year built
- 2023
- Living area
- 17,560 Sq Ft
- Lot size
- 5.00 acres
- Lot dimensions
- 400x560
- Days on market
- 74
- MLS® Listing#
- 1950321
Property Features
- Heating
- Wall Furnace · Propane
- Parking
- Parking Lot · Other
- Construction
- Steel Siding · Frame
- Foundation
- Slab
- Roof
- Metal
- Sewer
- Private Sewer
- Water source
- Private
Financial Details
- HOA
- Yes
- Assessed value
- $204,553
- Parcel number
- 10-10-27-300-029,300-026
Directions
US 31 N across from Pellston Regional Airport
Listing Courtesy: Coldwell Banker Schmidt Traverse City - Home: 231-835-1555
