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34501830
34501831

7341 Alba Road, Elmira, MI 49730 For Sale

JS
MI 6501402887
$209,000
1 day on market
Updated 1 day ago

7341 Alba Road

Details
APN 05-13-020-013-30
Property Type Retail, Self Storage (+1)
Sub Type Business and Building
Square Footage 3,000
Units 20
Cap Rate 2.95%
NOI $6,160
Occupancy 50%
Pro-Forma Cap Rate 9.26%
Pro-Forma NOI $19,360
Price per SqFt $70
Year Built 2025
Buildings 1
Acreage 1.080
Zoning unzoned
Ground Lease No

About This Property for Sale

Marketing description

Investment Opportunity with Room to Grow!

Newly constructed 20-unit self-storage facility offering immediate income and outstanding upside potential. Currently operating with 20 storage units and approximately 50% occupancy, this property is already generating income through word-of-mouth referrals alone, with no formal marketing efforts. This presents a significant opportunity for an investor to through even basic marketing and online exposure.

The site has ample room for expansion, with the potential to add an additional 30’ × 100’ storage building, increasing the facility from 20 units to approximately 40 units, subject to any applicable approvals. Located in an unzoned township, the property offers added flexibility for future development.

Whether you’re looking to expand your investment portfolio or enter the self-storage industry, this property offers the ideal combination of current income, value-add potential, and future growth.

A rare opportunity to own a growing self-storage investment with expansion potential in Northern Michigan.

Investment highlights

Highlights:

Newly constructed 20-unit self-storage facility

Approximately 50% occupied with immediate income

Strong value-add opportunity

Room to construct an additional 30’ × 100’ building

Potential to expand to approximately 40 total units (subject to approvals)

Low-maintenance investment with excellent long-term upside

Located in an un-zoned area offering development flexibility

Listing Contacts

JS
MI 6501402887

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$6,160.00
$513.33/mo

Valuation Metrics

0
DSCR
2.95%
Cap Rate
2.95%
ROI

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Additional Information

Name
Jamie Snook
License
6501402887
Brokerage
Kaitlyn Barry
Brokerage Phone
2313314423
Title
Owner
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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