312 Jones Street 312 Jones St 4,200 SF Industrial Building Saginaw, MI 48604 $325,000 ($77.38/SF) 4% Cap Rate

Turnkey self-storage investment with expansion potential and verified upside.
Hodge Podge Self Storage is a stabilized 4,200 sq ft drive-up facility located on 1.86 acres in Saginaw, MI. The property is 100 % occupied across 24 units + 1 office and operates under a low-overhead, unmanned management model with asphalt drives and easy access off Jones Street.
A third-party feasibility study (Self Storage 101, 2025) validates significant unmet demand within the 3-mile trade area and supports an expansion of ˜ 20,000 sq ft (+ 123 units). Upon completion and 18-month lease-up, the facility is projected to achieve a stabilized value of ˜ $1.6 million at a 6.95 % cap rate. Development costs are estimated at $60–65 per sq ft, leaving substantial upside for a hands-on investor or operator.
Offered at $325,000, this opportunity provides immediate cash flow and a clear, feasibility-backed path to 4-5× value growth. Zoned commercial, the site includes ample space for expansion and is surrounded by high-occupancy competitors with limited new supply planned. Direct inquiries only – no brokers please.