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65600 Gratiot Ave 5,560 SF Specialty Building Offered at $675,000 in Lenox, MI 48050
Investment Highlights
- Strategically located on a 3.35-acre site along Gratiot Avenue, just south of 31 Mile Road, ensuring excellent accessibility and visibility.
- Offers low operating expenses, minimal maintenance requirements, and low tenant turnover costs, providing a strong foundation for consistent income.
- Positioned only 0.75 miles south of a high performing Kroger store, ranked 408th out of 1,230 nationwide and 41st out of 120 statewide
- Significant opportunity to enhance revenue by developing additional storage units or incorporating premium services such as climate-controlled storage
Executive Summary
The property features 80 fully operational storage units and is site plan approved for an expansion to a total of 330 units.
Property Facts
| Price | $675,000 | Building Class | C |
| Price Per SF | $121.40 | Lot Size | 3.35 AC |
| Sale Type | Investment | Building Size | 5,560 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Self-Storage | Year Built | 1980 |
| Zoning | CM - Commercial | ||
| Price | $675,000 |
| Price Per SF | $121.40 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 3.35 AC |
| Building Size | 5,560 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Zoning | CM - Commercial |
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Property Taxes
| Parcel Number | 19-06-12-300-035 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $288,500 |
Property Taxes
Parcel Number
19-06-12-300-035
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$288,500
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65600 Gratiot Ave
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