For Sale
$1,900,000

921 Corunna Ave Corunna, MI 48817

High-Occupancy Self-Storage Investment

Overview

Added:
Dec 11, 2024
Days on market:
128
This exceptional self-storage investment opportunity in Corunna, Michigan, presents a compelling prospect for discerning investors. The property boasts a remarkable 95% occupancy rate, generating a substantial annual income of $130,000. Comprising six buildings on a 3.03-acre lot (APN: 026-50-002-001), this facility offers 184 units ranging in size from 5'x10' to 10'x30', catering to a diverse range of storage needs. Built in 2000, the property benefits from a secure environment, enhanced by a perimeter fence and on-site security cameras. Currently managed by the owner using Easy Storage Solutions software, this turnkey operation is strategically located between Corunna and Owosso, conveniently situated across from an apartment complex and a single-family residential neighborhood, with easy access to M-52. The asking price is $1,900,000, translating to an attractive price per unit of $10,326.09. This presents a rare chance to acquire a well-established, high-performing self-storage business with significant growth potential. The property's strong occupancy and prime location make it an ideal investment for those seeking stable returns and long-term appreciation.

Highlights

  • Self-storage business opportunity in Corunna, MI.
  • 95%+ occupancy, generating $130,000 annual income.
  • Six buildings on 3.03 acres (APN: 026-50-002-001), 184 units (5'x10' to 10'x30').
  • Built in 2000, secure with perimeter fence and security cameras.
  • Asking price: $1,900,000 ($10,326.09 per unit).

Property Details for 921 Corunna Ave

Property type
Self storage facilities, Industrial properties
Year Built
2000
Buildings
6
Lot Size (sq. ft)
131,987 SF
Units
184

Location Insight

City
Corunna
County
Shiawassee
State
Michigan
Latitude
42.98486191357
Longitude
-84.137509816536
921 Corunna Ave, Corunna, Michigan

FAQs

What type of property is this?
Self storage facility - High-Occupancy Self-Storage Investment
Where is the self storage facility located?
The property is located at 921 Corunna Ave Corunna, MI.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Self-storage business opportunity in Corunna, MI.; 95%+ occupancy, generating $130,000 annual income.; Six buildings on 3.03 acres (APN: 026-50-002-001), 184 units (5'x10' to 10'x30').
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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921 Corunna Ave
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