4
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$294,900
Est. payment /mo
7,600 SqFt
New
387 E South Street Hesperia, MI 49421
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 7,600 sqft
Price per Sqft $38
Municipality Denver Twp
MLS Listing ID 26049631
Year Built 2002
Tax Year 2025
Lot Size 0.630 Acres
Acres 0.63
Lot Dimensions 102.93 x 220.19
Property Sub-Type Retail
Source Michigan Regional Information Center (MichRIC)
Property Description
Simple. Low Maintenance. Income Producing. Here's an investment opportunity that gets back to the basics! This Hesperia commercial storage property features 38 individual storage units, each measuring approximately 10' x 20', with a current rental rate of $70 per month per unit. The property is currently fully occupied, with the owner utilizing two of the units, creating the potential for additional rental income in the future. Why invest in rental homes that can come with furnaces, plumbing problems, broken windows, leaking basements, costly turnovers, and constant repairs? Storage keeps it simple. No heat, no residential tenants, and fewer major systems to maintain or replace. With 36 units currently generating rental income, the property produces approximately $2,520 per month / $30,240 annually in gross rental income, with the two owner-occupied units offering additional income potential if placed into .... (See Supplement Remarks) Simple. Low Maintenance. Income Producing. Here's an investment opportunity that gets back to the basics! This Hesperia commercial storage property features 38 individual storage units, each measuring approximately 10' x 20', with a current rental rate of $70 per month per unit. The property is currently fully occupied, with the owner utilizing two of the units, creating the potential for additional rental income in the future. Why invest in rental homes that can come with furnaces, plumbing problems, broken windows, leaking basements, costly turnovers, and constant repairs? Storage keeps it simple. No heat, no residential tenants, and fewer major systems to maintain or replace. With 36 units currently generating rental income, the property produces approximately $2,520 per month / $30,240 annually in gross rental income, with the two owner-occupied units offering additional income potential if placed into the rental pool. Whether you're an experienced investor looking to expand your portfolio or searching for a straightforward entry into commercial real estate, this is an opportunity to own an established, income-producing storage facility with demand already in place. Skip the complexity. Own the space. Collect the rent. Simple. Low Maintenance. Income Producing. Here's an investment opportunity that gets back to the basics! This Hesperia commercial storage property features 38 individual storage units, each measuring approximately 10' x 20', with a current rental rate of $70 per month per unit. The property is currently fully occupied, with the owner utilizing two of the units, creating the potential for additional rental income in the future. Why invest in rental homes that can come with furnaces, plumbing problems, broken windows, leaking basements, costly turnovers, and constant repairs? Storage keeps it simple. No heat, no residential tenants, and fewer major systems to maintain or replace. With 36 units currently generating rental income, the property produces approximately $2,520 per month / $30,240 annually in gross rental income, with the two owner-occupied units offering additional income potential if placed into the rental pool. Whether you're an experienced investor looking to expand your portfolio or searching for a straightforward entry into commercial real estate, this is an opportunity to own an established, income-producing storage facility with demand already in place. Skip the complexity. Own the space. Collect the rent.
Location
State MI
County Newaygo
Direction M-120 N/S Maple Island Rd to EAST on 1 Mile/E South to property located on the NORTH side of the street.
Interior
Heating None
Inclusions Non-Applicable
Exterior
Utilities Available None
View Y/N No
Roof Type Composition
Street Surface Paved
Building
Sewer None
Water None
Structure Type Vinyl Siding
New Construction No
Schools
School District Hesperia
Others
Tax ID 09-30-300-022 *SUBJECT TO VILLAGE APPROVAL
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Listed by Keller Williams GR North
NEARBY SCHOOL & BUSINESS
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