Jeff Jarvis

1100 Us-31 N, Pellston, MI 49769

$1,750,000
  • 1100 Us-31 N, Pellston, MI 49769 Main Photo

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Active
MLS#1950321
STATUSActive PROPERTY TYPECommercial - Business SUBDIVISIONMI

Property Description

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. Donâ??t miss this generational chance to secure a cash-flowing asset today while building your real estate legacy tomorrowâ?? step into an incredibly rewarding investment with endless potential!

1100 Us-31 N | MLS# 1950321

This commercial property located at 1100 Us-31 N, Pellston, MI 49769 is currently listed for sale with an asking price of $1,750,000. Search Pellston real estate on jeffjarvis.ikeyrealty.com today.

Property Features

Property Type: Commercial - Business
Basement: Slab
Lot Size: 5.00 Acres
Roof Type: Metal/Steel
Year Built: 2023

Feature Descriptions

Business Included: Yes
Business Name: Pellston US-31 Self Strge
Construction: Steel, Frame
Days on Site: 40
Exterior: Steel
Heating/Cooling: Wall
Lot Dimensions: 400x560
Parking: Parking Lot
Present Use: Mini-Storage
Road: Public Maintained, Blacktop
Sewer: Private Septic
Water: Private Well
Waterfront Type: No

Listed By / Shown By

Listed By

Agency Name: Coldwell Banker Schmidt Traverse City
Agency Phone: 231-922-2350

Shown By

Agent Name: Jeff Jarvis
Agent Phone: Cell: (906) 464-0123
Agency Title: Key Realty

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