$1,200,000
$1,200,000
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18,750 SqFt
SOLD DATE : 10/31/2024
Key Details
Sold Price $1,200,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 18,750 sqft
Price per Sqft $64
Municipality Gun Plain Twp
MLS Listing ID 24012995
Sold Date 10/31/24
Year Built 2021
Tax Year 2023
Lot Size 2.260 Acres
Acres 2.26
Lot Dimensions Irregular
Property Description
RPM Boat and RV Storage is a premium self-storage facility that was built in 2021 and is located at 510 10th Street in Plainwell, Michigan. This facility consists of 25 units measuring 15'x50' with 12'x14' overhead doors, totaling 18,750 square feet between the two buildings. The business is operating at 100% occupancy with long term tenants. 13 of 25 units are below market rents, which
creates opportunity for even better returns for the new owner. Whether this is your first investment, or you're looking to add to a portfolio, this is an exceptional property.
Location
State MI
County Allegan
Area Greater Kalamazoo - K
Direction US 131 to E Bridge St to 10th Street
Interior
Heating Forced Air
Exterior
Utilities Available Phone Available, Natural Gas Available, Electricity Available, Phone Connected, Natural Gas Connected, Electricity Connected, Water Available, Sewer Available, Storm Sewer
View Y/N No
Building
Sewer Public Sewer
Water None
New Construction No
Schools
School District Plainwell
Others
Tax ID 08-019-022-24
Acceptable Financing Cash
Listing Terms Cash
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