Commercial Land for Sale in Bad Axe, Michigan

977 N Van Dyke Rd Bad Axe, MI 48413

Images
Map
Street
1 / 23
$1,250,000
4.14 acres
Active sale agoEst $8,959/mo

John 14:6 - Jesus said unto him "I am the way, the truth, and the life. No one comes to the Father except through Me."

Calvary Realty is pleased to present Thumb Storage & Business Suites, a prime storage investment located at 977 N Van Dyke Rd in Bad Axe, Michigan. This facility sits on 4.14 acres in Huron County, with a population of 30,927. The property features a total of 64,789 rentable square feet, with 34,289 square feet of enclosed space and 30,500 square feet of unenclosed storage. Converted in 2019, the facility consists of 231 units and offers a strong opportunity for occupancy growth, with the current physical occupancy at 28%.

Thumb Storage is equipped with modern amenities, including ESS management software for seamless operations, electronic entrance gates, and security cameras. The facility has undergone recent capital improvements, ensuring its readiness for future tenants. Positioned at a signalized intersection with a traffic count of 5,770 vehicles per day, the property benefits from good visibility and accessibility. The fenced and lit premises further enhance security, making it an attractive option for both renters and investors.

With a low price per square foot and a pro forma cap rate of 14.21%, this property presents substantial upside potential for expansion and increased occupancy. Investors will appreciate the growth opportunities offered by the underutilized enclosed square footage and the potential for further development. Thumb Storage & Business Suites stands as a solid investment with long-term potential in a growing market.

  • Priced Below Replacement Cost
  • Low Price Per Square Foot
  • Signalized Intersection
  • Good Traffic Count
  • Fencing, Lighting, & Security Cameras
  • ESS Management Software
  • Unused Enclosed Square Footage
  • Occupancy Upside
  • Recent Conversion
  • Electronic Entrance Gate
  • Expansion Potential
  • Recent Capital Improvements

Property details

Coordinates
43.8178, -83.0021
Elevation
745 feet
Listing Source
SharpLaunch
Date Posted

Resources

This 4.14-acre property is located at 977 N Van Dyke Rd in Bad Axe, MI 48413 with latitude 43.8178 and longitude -83.0021. The property is currently available for sale for $1,250,000 with a price per acre of $301,932.

Verify sale details at the property source.

Report listing issue

Listing data provided by SharpLaunch. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Updated . Checked 2 hours ago. Parcel data by Regrid.

Contact listing agent Message rules
By submitting, you agree to the terms of use, privacy policy, and to receive communications.