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$ 245,000
Est. payment /mo
New
505 Sheridan Avenue Munising, MI 49862
6,900 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 6,900 sqft
Price per Sqft $35
Subdivision Mi
MLS Listing ID 50222461
Year Built 1989
Annual Tax Amount $7,300
Tax Year 2025
Lot Size 1.220 Acres
Acres 1.22
Lot Dimensions 516x103
Property Sub-Type Business
Property Description
INVESTMENT OPPORTUNITY in Munising! Take advantage of this established storage unit business with a strong history of high occupancy and excellent potential for continued growth. The property includes a 40x120 metal building with 24 storage units in a variety of sizes, including 10x13, 10x20, and 10x27. A second, newer 30x70 building, constructed in 2017, offers approximately 15–18 additional units ranging in size from 5x10 to 10x30, providing options to accommodate a variety of storage needs. Situated on an impressive 10 city lots in Munising, the property offers plenty of room for additional development or expansion of the existing storage operation. With established rental history, multiple unit sizes, and valuable space to grow, this is an exciting opportunity to step into an existing income-producing business while still having the potential to expand and increase future revenue.
Location
State MI
County Alger
Area Munising (02012)
Zoning Industrial
Interior
Heating None
Cooling None
Exterior
Parking Features On Site
Building
Foundation Slab
Water Not to Property (Water)
Structure Type Frame,Metal,Steel
Others
Ownership LLC
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by RE/MAX SUPERIORLAND