510 10th Street, Plainwell, MI 49080

$1,200,000

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Sold Price
$1,200,000
List Price
$1,200,000
Closing Date
Oct 31, 2024
Days on Market
161
MLS#
24012995
Status
SOLD
Type
Commercial
Neighborhood
Greater Kalamazoo - K

Property Description

RPM Boat and RV Storage is a premium self-storage facility that was built in 2021 and is located at 510 10th Street in Plainwell, Michigan. This facility consists of 25 units measuring 15'x50' with 12'x14' overhead doors, totaling 18,750 square feet between the two buildings. The business is operating at 100% occupancy with long term tenants. 13 of 25 units are below market rents, which creates opportunity for even better returns for the new owner. Whether this is your first investment, or you're looking to add to a portfolio, this is an exceptional property.

Additional Information

Acres
2.26
Heating
Forced Air
School District
Plainwell
Sewer
Public Sewer, None
Utilities
Electricity Connected, Natural Gas Connected, Phone Connected, Electricity Available, Natural Gas Available, Storm Sewer, Phone Available
Water
Public, None

Mortgage Calculator

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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Chad M VanDerwall from Listing Office: Kalamazoo Commercial Real Estate.

Selling Agent: Selling Office: .

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