510 10th Street, Plainwell, MI 49080 (MLS# 24012995)
510 10th Street, Plainwell, MI 49080
$1,200,000
Property Type:
Commercial Sale
Square Footage:
18,750
Lot Size (sq. ft.):
98,446
Status:
Sold
Current Price:
$1,200,000
List Date:
5/28/2024
Last Modified:
11/05/2024
Description
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.
More Information MLS# 24012995
Location & Property Info
Cross Streets: Miller Road & 10th Street
Property Sub-Type: Retail
Municipality: Gun Plain Twp
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 64
Prop Avail for Lease?: No
General Property Info
New Construction: No
Lot Dimensions: Irregular
Road Frontage: 0
Waterfront: No
Total # Units: 25
Total # Bldgs: 2
# Fin Bldg Lvls: 1
Total SqFt: 18750
School District: Plainwell
Lot Measurement: Acres
Lot Acres: 2.26
Lot Square Footage: 98446
Year Built: 2021
Tax Info
Taxable Value: 316615
SEV: 363200
For Tax Year: 2023
Seller's Annual Property Tax: 0
Tax Year: 2023
Homestead %: 0
Spec Assessment & Type: None known
Tax ID #: 08-019-022-24
Remarks & Misc
Legal: On file at listing office.
Status Change Info
Sold Price/SqFt: 64
Under Contract Date: 2024-08-26
Sold Date: 2024-10-31
Sold Price: $1,200,000
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
None: 1
Public Sewer: 1
Water
None: 1
Public Water: 1
Uses
Storage: 1
Construction Type
Pole/Wood: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Business Includes
Real Estate: 1
Util Avail at St
Electricity Available: 1
Natural Gas Available: 1
Phone Available: 1
Storm Sewer: 1
Purchase Terms Avail
Cash: 1
Location Property Info
County: Allegan
Street #: 510
Street Name: 10th
Suffix: Street
State: MI
Zip Code: 49080
Area: Greater Kalamazoo - K
OfficeContract Info
Status: Sold
Current Price: $1,200,000
List Price: $1,200,000
Listing Date: 2024-03-18
Remarks Misc
Directions: US 131 to E Bridge St to 10th Street
Property Features
Uses: Storage
Business Includes: Real Estate
Construction Type: Pole/Wood
Sewer: None; Public Sewer
Water: Public Water; None
Utilities Attached: Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at St: Electricity Available; Natural Gas Available; Phone Available; Storm Sewer
Heat Source: Natural Gas
Heat Type: Forced Air
Purchase Terms Avail: Cash
Sale Conditions: None
Listing Office:
Kalamazoo Commercial Real Estate
Listing Agent:
Chad M VanDerwall
Last Updated: November - 05 - 2024
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