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1218 Elm Street

Frankfort, MI 49635
  • $2,200,000
  • STATUS: Active
  • ON SITE: 18 Days
  • MLS #: 1923116
UPDATED: 77 min ago
$2,200,000
  • 0
    BEDS
  • 6.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 54,875
    SQFT
  • $40
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1963
County:
Area:

School Ratings & Info

Description

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.

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2024 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2024-06-23T18:52:22.44.
www.housestraversecity.com/homes/151315361
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1218 Elm Street Frankfort, MI 49635

  • Price: $2,200,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 77 min ago
  • MLS #: 1923116
0
Beds
0
Baths
0
½ Baths
6.04
Acres
54,875
SQFT
$40
$/SQFT
1963
Built
Neighborhood:
None
County:
Benzie
Area:
Benzie
Property Description
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.
Exterior Features

Construction BrickBlockFrame Exterior Features AluminumBrickBlock Foundation Slab Lot Dimensions 480x315170x297420x185 Parking Parking Lot Road Public Maintained Roof MetalMembrane

Interior Features

Heating Cooling Type BaseboardNone

Property Features

Business Incl Yes Business Name Boat Doctor Deeded Waterfront No Documents On File Legal Description Eco Features No Extras Reinforced Concrete FloorOverhead Door(s)Overhead Crane Heating Cooling Source Natural GasNone Included In Lease None Inventory Incl No Licenses None Listing Agreement Type Exclusive Right to Sell Location Corner LotIndustrial ParkFreestanding Possession At ClosingNegotiable Present Use Automotive ServiceManufacture/WarehouseMini-Storage Real Estate Incl Yes Sale Or Lease For Sale Sale Rent For Sale Section Number 22 Sewer MunicipalNone Terms Conventional MortgageCommercial LoanCash Township Frankfort Type Income Type Of Ownership Private Owner Univs Design Barrier Free No Steps Entry Vacant Land No Water Municipal WaterNone Zoning Commercial

Listing information © 2024 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of Three West, LLC: 231-929-2955.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2024 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2024-06-23T18:52:22.44.
 
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Team Dakoske | RE/MAX Bayshore
500 S. Union
Traverse City MI, 49684