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Alex Lengemann

Alex Lengemann
RealtyVolution.com
Imlay City, MI 48444

810-664-1819
Contact Me

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$1,950,000 New For Sale

470 S Sandusky Road
Watertown Twp, MI 48471


28,500 sq ft;
lot: 3.65 acres
Commercial: Commercial - MLS# 219094168
Property Photo
1/7

Description

Two separate lots totaling almost 4 acres consisting of 8 different storage locker barns with approx total sqft of 28,500. Plus plenty of space for outside storage or additional barns. Currently almost 90% full. Excellent rental history as there is no other viable storage facility in the surrounding area. One of the lots is fenced. The other is not. Each lot has separate driveway access to and from M-19. Out lot in front of lockers would make a great commercial storefront. There is property at rear of second lot for additional buildings too. Lots of growth potential with these two locations. Total of 214 separate storage lockers ranging in size from 5x10 to 10x30 with higher overhead too. This is the easiest rental business you could ever ask for. Only expenses are minimal taxes, lawn and snow, minimal maintenance and insurance. Net income is over $120,000 per year and rents have not risen in many years so even more potential to increase your return on investment.

Features

  • Architecture Level: 1 Story
  • Commercial Type: Business And Real Estate
  • Construction Materials: Steel/Metal
  • County/Area: Sanilac County
  • Foundation Details: Slab
  • Frontage Feet: 203
  • Gross Scheduled Income: 130188.00
  • Heating Fuel: Natural Gas
  • Listing Financing: Cash, Conventional
  • Listing Status: Active
  • Lot Dimensions: 203x352
  • Lot Size: 3.6500
  • Monthly Sales: 10850
  • Operating Expense: 5000.00
  • Originating MLS: Realcomp Ii Ltd
  • Ownership Status: Private Owned, Short Sale - No
  • Percent Leased: 88
  • Property Type: Commercial
  • Road Frontage Type: Class A
  • School District: Sandusky
  • Sewer: Sewer At Street
  • Sq.Ft.: 28500
  • Sub Type: Commercial
  • Water Source: Other/None
  • Year Built: 2016
  • Zip Code: 48471
  • Zoning: Commercial



Alex Lengemann | 810-664-1819 | Contact Me
5705 Reynolds Rd - Imlay City, MI 48444
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