510 10th Street $1,500,000

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    510 10th Street Plainwell, MI 49080

    • 18,750 sq. ft.
    • 2.26 Acres
    • Commercial
    • MLS# 24012995
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    Views: 8 Days On Site: 41

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    Property Details

    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.

    • General Features
      • Year Built 2021
      • New Construction Y/N false
      • Business Type Storage
      • County Or Parish Allegan
      • Property Sub Type Retail/Commercial
      • Tax Annual Amount 0.0
    • Building Features
      • Building Area Total 18750.0
      • Number Of Units Total 25
      • Heating Y/N true
      • Full Bathrooms 0
      • Bathrooms 0
    • Property Features
      • Lot Size Acres 2.26
      • Lot Size Area 2.26
      • Number Of Buildings 2
      • Waterfront Y/N false
    • Schools
      • High School District Plainwell

    Contact

    Brian McDonald

    Brian McDonald

    Broker/Owner

    RE/MAX Executive

    Direct: 616-291-4411

    Neighborhood

    49080 (Plainwell) Demographics

    43 Median Age
    194 Population Density (per sq. mile)
    40% College Educated
    $67,832 Estimated Median Income
    5,412 Estimated Total Home Owners
    813 Estimated Total Renters
    87% / 13% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    15,594 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $275,500 Median Sales Price
    12 Homes Sold
    42 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,500,000
        3/18/2024 1:45:00 PM New in Database Source: Multiple Listing Service New Value: $1,500,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.