363 West River Street, Otsego, MI 49078 For Sale

River Street Storage is a purpose-built enclosed RV and vehicle storage facility located in Otsego, Michigan. The property features 36,448 net rentable square feet across 58 units in 7 buildings on 3.4 acres. The facility is well-maintained with no outstanding capital expenditure items and operates as a family-owned legacy asset with a strong community presence and stabilized historical cash flow.

The property is conveniently located on M-89 with approximately 15,500 vehicles per day and direct access to US-131 via Exit 49, connecting the Kalamazoo and Grand Rapids metropolitan areas. The facility features 14-foot oversized doors and wide drive aisles, purpose-designed for Class A motorhome and trailered boat maneuverability. Select units feature 20-amp outlets and 30-amp RV electrical service, a premium amenity that supports rate premiums over non-electrified competitors.

With 93.1% physical occupancy and minimal advertising expense, the property reflects strong organic demand in a supply-constrained submarket. The facility's proximity to the Kalamazoo River, Gun Lake, and numerous all-sports lakes drives year-round boat, RV, and recreational vehicle storage demand. The stabilized asset presents an immediate opportunity to push rental rates within a high-demand, low-vacancy enclosed storage market.