$1,950,000

470 S Sandusky Road

Watertown Twp MI, 48471

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.

Details

MLS#219094168
StyleIndustrial
Sub-TypeResale
StatusActive
Year2016
Days On Site6

Features

SQ Feet28,500
Story(s)1
ZoningCommercial

Market Activity 48471

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Area Information

StateMI
CountySanilac
CityWatertown Twp
Zip Code48471
AreaWatertown Twp
Listing VS Median (in 48471)
Price:
$1,950,000
low | high
Med:
$159,000
100% of Average
SqFt:
28,500
low | high
Med:
1,950
100% of Average
$ / SqFt:
$68
low | high
Med:
$81
30.942307692308% of Average
On Site:
6
low | high
Med:
24.500000
24.489795918367% of Average
Listing Updated: 09/18/2019
MLS Number: 219094168
Listing Provided By:
Alex Lengemann  of  Realty Volution.com
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by realcomp II Ltd.® MLS.