Listed by Matthews
$1,500,000
Two Bears Storage
Details
APN 011-203-016-0155
Property Type Self Storage
Sub Type Non-Climate Controlled
Square Footage 30,000
Cap Rate 4.27%
NOI $64,118
Occupancy 53%
Tenancy Multi
Price per SqFt $50
Year Built 2021
Year Renovated 2023
Buildings 7
Stories 1
Acreage 9.000
Two Bears Storage | 209 Units | 30,000 SF | Value-Add Self Storage Near Houghton Lake
Investment highlights
- Very attractive yield projections upon stabilization of the second phase.
- Strategically located adjacent to Michigan’s largest inland lake, benefiting from sustained demand driven by vacationers and second-home owners.
- Currently operated by “Mom and Pop” ownership with no formal advertising, presenting a clear opportunity for professional management and marketing to enhance revenue.
- Approximately 5 acres of remaining land with approved plans for an additional ±16,000 net rentable square feet of self-storage or Boat & RV parking, offering future development potential.
- Ownership recently spent over $20,000 on LED customizable signage at the entrance of the property.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$64,118.00
$5,343.17/mo
Valuation Metrics
0
DSCR
4.27%
Cap Rate
4.27%
ROI
Map
Zoning
C1 CommercialGeneral CommercialCommercial 1
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View all 25 uses Last updated Apr 30, 2026 For deeper zoning details, reports are available at Zoneomics
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