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Michigan Storage 40027 Michigan Ave 1,902 SF 100% Leased Industrial Building Canton, MI 48188 $1,500,000 ($788.64/SF) 8.04% Cap Rate
Investment Highlights
- 3.33-acre income-producing site with 5 residential units and 114 outdoor storage spaces, creating multiple revenue streams.
- Value-add and redevelopment potential with flat topography, full utilities, and easy access to I-275.
- High-visibility Michigan Avenue frontage with approximately 425 feet of frontage and traffic of about 32,400 cars per day.
Executive Summary
Exceptional opportunity to acquire an income-producing 3.33-acre commercial assemblage in one of Canton’s most visible growth corridors. Existing improvements include one single-family home, two duplexes, and a 114-space outdoor storage yard, creating diversified cash flow with upside through operational improvements, rent growth, or redevelopment. Located just 1.5 miles from I-275 with strong corridor exposure. Michigan Storage Canton MI is a self-storage facility located in Canton, Michigan. The facility offers a variety of storage units in a variety of sizes, ranging from 5x5 to 10x30. The facility also offers climate-controlled units, drive-up access, and 24-hour access. The facility is also equipped with security cameras and a gated entrance. Michigan Storage Canton MI also offers a variety of packing and moving supplies, including boxes, tape, and bubble wrap.
Amenities
1. 24/7 Access
2. Climate Controlled Units
3. Drive-Up Access
4. On-Site Management
5. Security Cameras
6. Online Bill Pay
7. Boxes & Moving Supplies
8. RV, Boat & Vehicle Storage
9. Wide Driveways
10. Month-to-Month Leases
Amenities
1. 24/7 Access
2. Climate Controlled Units
3. Drive-Up Access
4. On-Site Management
5. Security Cameras
6. Online Bill Pay
7. Boxes & Moving Supplies
8. RV, Boat & Vehicle Storage
9. Wide Driveways
10. Month-to-Month Leases
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,500,000 | Lot Size | 3.33 AC |
| Price Per SF | $788.64 | Rentable Building Area | 1,902 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 8.04% | Year Built | 1940 |
| Property Type | Industrial | Parking Ratio | 1.1/1,000 SF |
| Building Class | C | ||
| Zoning | LI — Light Industrial - Commercial / verify with Canton Township; Canton Zoning Ordinance includes LI (Light Industrial District, Article 22) for lower-intensity industrial a | ||
| Price | $1,500,000 |
| Price Per SF | $788.64 |
| Sale Type | Investment |
| Cap Rate | 8.04% |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 3.33 AC |
| Rentable Building Area | 1,902 SF |
| No. Stories | 1 |
| Year Built | 1940 |
| Parking Ratio | 1.1/1,000 SF |
| Zoning | LI — Light Industrial - Commercial / verify with Canton Township; Canton Zoning Ordinance includes LI (Light Industrial District, Article 22) for lower-intensity industrial a |
Amenities
- 24 Hour Access
- Controlled Access
- Security System
- Signage
- Storage Space
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
20/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
Michigan Storage | 40027 Michigan Ave