510 10th Street, Plainwell, MI 49080 (MLS# 24012995)

510 10th Street, Plainwell, MI 49080

$1,200,000

Property Type: Commercial Sale Square Footage: 18,750 Lot Size (sq. ft.): 98,446 Status: Sold

Current Price: $1,200,000 List Date: 5/28/2024 Last Modified: 11/05/2024

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.

More Information MLS# 24012995

Location Property Info

County: Allegan Street #: 510 Street Name: 10th Suffix: Street State: MI Zip Code: 49080 Area: Greater Kalamazoo - K

OfficeContract Info

Status: Sold Current Price: $1,200,000 List Price: $1,200,000 Listing Date: 2024-03-18

General Property Info

New Construction: No Lot Measurement: Acres Lot Acres: 2.26 Lot Square Footage: 98446 Lot Dimensions: Irregular Year Built: 2021 Total # Units: 25 # Fin Bldg Lvls: 1 Total # Bldgs: 2 Total SqFt: 18750 Waterfront: No School District: Plainwell

Tax Info

Tax ID #: 08-019-022-24 Taxable Value: 316615 SEV: 363200 For Tax Year: 2023 Tax Year: 2023 Spec Assessment & Type: None known

Remarks Misc

Directions: US 131 to E Bridge St to 10th Street

Status Change Info

Under Contract Date: 2024-08-26 Sold Date: 2024-10-31 Sold Price: $1,200,000 Sold Price/SqFt: 64

Property Features

Uses: Storage Business Includes: Real Estate Construction Type: Pole/Wood Sewer: None; Public Sewer Water: Public Water; None Utilities Attached: Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: Electricity Available; Natural Gas Available; Phone Available; Storm Sewer Heat Source: Natural Gas Heat Type: Forced Air Purchase Terms Avail: Cash Sale Conditions: None

Listing Office: Kalamazoo Commercial Real Estate

Listing Agent: Chad VanDerwall

Last Updated: November - 05 - 2024

510 10th Street, Plainwell, MI 49080- MLS# 24012995

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