7338 E Duck Lake Road Active Save Request In-Person Tour Request Virtual Tour
Lake Leelanau,MI 49653
Key Details
Property Type Commercial
Sub Type Income
Listing Status Active
Purchase Type For Sale
Square Footage 13,500 sqft
Price per Sqft $103
MLS Listing ID 1934695
Year Built 2022
Lot Size 5.260 Acres
Acres 5.26
Lot Dimensions TBD after split
Property Sub-Type Income
Property Description
90 unit self-storage property with three buildings built from 2020-2025. Available at a 7.7% cap rate with room to further increase rent. Seller has approval to build an additional 30 unit building. Central Leelanau County location on the east side of the Village of Lake Leelanau with signage on M-204. Moveable middle partition walls allow flexibility on unit sizes. A new 7,260 sq. ft. commercial building at the front of the property is also available to purchase with good potential for temperature controlled self-storage or retail/office uses.
Location
State MI
County Leelanau
Zoning Commercial
Rooms
Basement Slab
Interior
Heating None
Cooling None
Exterior
Exterior Feature Steel
Roof Type Metal/Steel
Present Use Mini-Storage
Road Frontage Shared,Private Owned
Building
Sewer None
Water None
Others
Tax ID split of 009-024-018-32
Ownership Private Owner
Acceptable Financing Conventional Mortgage,Commercial Loan,Cash
Listing Terms Conventional Mortgage,Commercial Loan,Cash