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1177 M-89 - Plainwell Self Storage 40,000 SF Specialty Building Offered at $4,937,870 CAD at a 7.23% Cap Rate in Plainwell, MI 49080
Investment Highlights
- Prime retail corridor location
- Secure, fully automated access
- Strong, stable occupancy - consistently at 95%
Executive Summary
Turnkey, fully automated, 193 unit self-storage asset in a high-visibility retail corridor adjacent to Meijer. Low vacancy, stable rent roll, zero deferred maintenance or capital improvements needed. Remote access / management systems eliminate on-site staffing costs. A true hands-off investment for owners seeking passive, reliable income with minimal management burden. Priced to move; contact Listing Broker for financials and to schedule a tour.
Property Facts
| Price | $4,937,870 CAD | Lot Size | 1.94 AC |
| Price Per SF | $209.23 CAD | Building Size | 23,600 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.23% | Year Built | 1980 |
| Property Type | Specialty | Parking Ratio | 0.08/1,000 SF |
| Property Subtype | Self-Storage | Cross Streets | US-131 |
| Building Class | C | ||
| Zoning | C-2 - General Commercial | ||
| Price | $4,937,870 CAD |
| Price Per SF | $209.23 CAD |
| Sale Type | Investment |
| Cap Rate | 7.23% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.94 AC |
| Building Size | 23,600 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Parking Ratio | 0.08/1,000 SF |
| Cross Streets | US-131 |
| Zoning | C-2 - General Commercial |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 08-019-013-00 | Improvements Assessment | $947,507 CAD |
| Land Assessment | $255,217 CAD | Total Assessment | $1,202,724 CAD |
Property Taxes
Parcel Number
08-019-013-00
Land Assessment
$255,217 CAD
Improvements Assessment
$947,507 CAD
Total Assessment
$1,202,724 CAD
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1177 M-89 - Plainwell Self Storage
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