387 E South Street, Hesperia, MI 49421

About this property

Simple. Low Maintenance. Income Producing. Here's an investment opportunity that gets back to the basics! This Hesperia commercial storage property features 38 individual storage units, each measuring approximately 10' x 20', with a current rental rate of $70 per month per unit. The property is currently fully occupied, with the owner utilizing two of the units, creating the potential for additional rental income in the future. Why invest in rental homes that can come with furnaces, plumbing problems, broken windows, leaking basements, costly turnovers, and constant repairs? Storage keeps it simple. No heat, no residential tenants, and fewer major systems to maintain or replace. With 36 units currently generating rental income, the property produces approximately $2,520 per month / $30,240 annually in gross rental income, with the two owner-occupied units offering additional income potential if placed into .... (See Supplement Remarks) Simple. Low Maintenance. Income Producing. Here's an investment opportunity that gets back to the basics! This Hesperia commercial storage property features 38 individual storage units, each measuring approximately 10' x 20', with a current rental rate of $70 per month per unit. The property is currently fully occupied, with the owner utilizing two of the units, creating the potential for additional rental income in the future. Why invest in rental homes that can come with furnaces, plumbing problems, broken windows, leaking basements, costly turnovers, and constant repairs? Storage keeps it simple. No heat, no residential tenants, and fewer major systems to maintain or replace. With 36 units currently generating rental income, the property produces approximately $2,520 per month / $30,240 annually in gross rental income, with the two owner-occupied units offering additional income potential if placed into the rental pool. Whether you're an experienced investor looking to expand your portfolio or searching for a straightforward entry into commercial real estate, this is an opportunity to own an established, income-producing storage facility with demand already in place. Skip the complexity. Own the space. Collect the rent.

Property details

MLS #

26049631

Status

Active

Property type

Commercial Sale

Sub type

Retail

County

Newaygo

Township

Denver Twp

Year built

2002

Lot size

0.63 ac

Waterfront

No

Interior

Heating

None

Total building area

7,600 sq ft

Exterior

Construction

Vinyl Siding

Roof

Composition

Lot and water

Lot size

27,443 sq ft

Road surface

Paved

Zoning

Commercial/Resi

Utilities

Water source

None

Utilities

None

Taxes

Annual taxes

0

Tax year

2025

Schools

School district

Hesperia

More

New construction

No

Directions

M-120 N/S Maple Island Rd to EAST on 1 Mile/E South to property located on the NORTH side of the street.