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353 W 1st Street Fennville, MI 49408
12,300 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 12,300 sqft
Price per Sqft $101
Subdivision Mi
MLS Listing ID 60972324
Annual Tax Amount $17,977
Lot Size 1.020 Acres
Acres 1.02
Lot Dimensions 264X132
Property Sub-Type Commercial/Industrial
Property Description
Stowaway Self Storage, a recently built (2020), professionally managed self-storage facility located in the heart of Fennville, Michigan. Situated on 1.39 acres, this well-maintained asset offers 12,780 net rentable square feet across 137 non-climate-controlled units plus 1 outdoor parking space. Currently at 76% occupancy with ongoing lease-up, the property presents immediate upside potential through continued stabilization and rental optimization. The facility generated $134,314 in gross revenue with a Net Operating Income (NOI) of $77,482, offering investors a strong foundation with embedded growth. Designed for operational efficiency, the property features: Automated gated access 24/7 CCTV surveillance (REO Link) Fully secured perimeter Da Vinci lock system Professional management with in-house call center Cubby Storage management software Drive-up unit configuration for low maintenance operations The diverse unit mix includes 5x5, 5x10, 10x10, 10x20, 20x10, and 30x10 units, catering to residential, seasonal, and recreational storage needs. Strategically positioned near major highways, established residential neighborhoods, Lake Michigan, and the Saugatuck/Douglas tourism corridor, the property benefits from strong seasonal and residential demand drivers. Recreational corridors, wineries, agritourism, boating access, and nearby tourism destinations further support long-term storage demand and rent stability. With limited new development in the immediate market and strong local demand fundamentals, this modern, low-maintenance asset offers investors both stability and growth potential in an expanding West Michigan corridor.
Location
State MI
County Allegan
Area Fennville (03030)
Zoning Commercial
Interior
Heating Forced Air
Building
Water Public Water
Structure Type Log
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Realty Executives Home Towne