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$899,000
Est. payment /mo
16,079 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 16,079 sqft
Price per Sqft $55
Subdivision Chittenden & Wheelers Add
MLS Listing ID 78080075316
Year Built 1970
Lot Size 0.660 Acres
Acres 0.66
Property Description
Climate-controlled self-storage facility in downtown Cadillac, two blocks north of Lake Cadillac off N Mitchell St (Bus. US-131). 135 units totaling 14,831 SF net rentable in a 16,079 SF building on 0.66 acres: 108 interior ground-floor units, 26 second-floor 10x20 mezzanine units served by an elevator, and one outside 15x15 drive-up. 83% occupied as of November 2026 with $8,713/month in-place rent and $11,407/month street-rate potential; trailing 12-month collections of $113,058. Ramp access, timed controlled entry, security system and cameras, fire suppression sprinkler system and energy-efficient motion-activated lighting. Sale includes the real estate, self-storage equipment and the Cadillac National Storage business. Rent roll and operating reports available to qualified buyers.
Location
State MI
County Wexford
Area Area83162Cadillac
Interior
Heating Natural Gas
Fireplace No
Exterior
Parking Features ParkingLot
Utilities Available NaturalGasConnected
View Y/N No
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Cadillac
Others
Acceptable Financing Cash, Conventional, Other, Trade1031Exchange
Listing Terms Cash, Conventional, Other, Trade1031Exchange
Special Listing Condition CorporateRelocation
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Listed by Kevin Query of Manitou Commercial Real Estate, LLC
NEARBY SCHOOLS & PROPERTIES
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