3232 Frank Pipp Dr Iron Mountain, MI 49801

This exceptional self-storage investment opportunity in Iron Mountain, Michigan, presents two single-story buildings totaling 42,000 square feet of rentable space, encompassing 156 units. Built in 1987 and renovated in 2020, the property boasts a remarkable 95% occupancy rate as of January 18, 2024, generating significant income. Situated on a four-acre lot, the property offers ample space for future expansion. The facility includes 100 parking spaces and is conveniently located off US Highway 2, on the edge of town. The property's zoning is commercial, and the land value is $10.33 per square foot. The asking price is $1,800,000, translating to $42.86 per square foot and $11,538.46 per unit. This owner-user investment presents a compelling opportunity for substantial returns. The property's APN is 05170020000. This is a multi-tenant property with consistently high occupancy rates, making it an attractive investment for those seeking a stable and profitable venture.