About 1120 Us-31 N
HIGHWAY CORRIDOR PORTFOLIO WITH AIRPORT EXPOSURE & MASSIVE BUILD-OUT UPSIDE: Priced at $1,750,000, this rare multi-asset 7.8% CAP RATE commercial portfolio delivers immediate diversified cash flow paired with a preapproved development segway for 440 additional fully approved storage units on 7 expansion pads. Positioned directly on a high-traffic 6266 AADT highway corridor, the property features unparalleled logistical visibility, sitting directly across from the Pellston Regional Airport on over 5 total acres and 400' of frontage-seamlessly abutting state land on the easterly line. The existing revenue stream is anchored by 110 self-storage units with prime highway frontage and an active, high-margin U-Haul Dealership Pick up and Drop off site that acts as a built-in customer acquisition engine. The sale includes an adjacent parcel featuring 2 rental homes generating an immediate $1,950 in monthly gross revenue ($23,400 annually), plus a high-visibility commercial pole building with offices, bathroom and commercial kitchen fixtures- currently leased to a business that plans to continue leasing. While enjoying this multi-stream income on day one, the incoming investor acquires a massive future development asset completely ready to break ground. Skip the risky, multi-year municipal zoning and approval process, capitalize instantly on the airport-adjacent location, and expand the existing storage footprint by 7 pads. Ideal for portfolio investors looking for stable, diversified yield paired with a permitted upside. Financial documents and fully engineered facility layout plans are available. Don’t miss this generational chance to secure a cash-flowing asset today while building your real estate legacy tomorrow— step into an incredibly rewarding investment with endless potential!
Features of 1120 Us-31 N
| MLS® # | 1950321 |
|---|---|
| Price | $1,750,000 |
| Square Footage | 17,560 |
| Acres | 5.00 |
| Year Built | 2023 |
| Type | Commercial |
| Sub-Type | Income |
| Status | New |
Community Information
| Address | 1120 Us-31 N |
|---|---|
| Subdivision | Metes and bounds |
| City | Pellston |
| County | Emmet |
| State | MI |
| Zip Code | 49769 |
Amenities
| Parking | Parking Lot, Other |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace, Propane |
|---|---|
| Has Basement | No |
| Fireplace | No |
Exterior
| Lot Description | Freestanding |
|---|---|
| Roof | Metal/Steel |
| Construction | Steel Siding, Frame, Steel |
| Foundation | Slab |
Additional Information
| Days on Market | 19 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees Freq. | Annually |
Listing Details
| Office | Coldwell Banker Schmidt Traverse City |
|---|