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7372 Houghton Lake Rd
Merritt, MI 49667
True North Storage · Specialty Property For Sale · 5,100 SF

INVESTMENT HIGHLIGHTS

  • Room to Expand
  • Management Upside
  • Value Add Property
  • Only Facility Within 7 Miles

PROPERTY FACTS

Property Type Specialty
Property Subtype Self-Storage
Lot Size 5.03 AC
Building Size 5,100 SF
No. Stories 1
Year Built/Renovated 1995/2021
Zoning Commercial

ABOUT 7372 HOUGHTON LAKE RD , MERRITT, MI 49667

Franklin Storage Advisors is proud to present True North Storage in Merritt, Michigan. It has one newly constructed Trachte building and an additional building that is around 25 years old, totaling 30 units and 5,100 rentable square feet. The facility sits on just over 5 acres of cleared land, ready for expansion in a market where the majority of competing facilities are all nearly always full with much higher rates. Recently, there was a fully fenced area of about 32,000 square feet added so that the new owner could begin to offer secure outdoor parking. A 200 amp panel was also installed recently so the new owner can easily fully automate the facility. The property sits on M-55 which is one of only three state highways that extend across the lower peninsula from Lake Huron to Lake Michigan. This is the only facility within a seven mile radius giving the new owner strong control on the local market. At this location you will find none local renters interested in storing their boats and RV's as there are many large lakes and campgrounds nearby. This will make for a great value add facility for a first time investor or a seasoned investor looking to add to their portfolio.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
003-005-014-90
Land Assessment
$17,200
Improvements Assessment
$125,800
Total Assessment
$143,000
  • Listing ID: 27982821

  • Date on Market: 3/15/2023

  • Last Updated:

  • Address: 7372 Houghton Lake Rd, Merritt, MI 49667

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