USAMIPellstonMetes and Bounds1120 N Us Highway 31
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$1,750,000

For Sale

4 hours ago

1120 N Us Highway 31, Pellston, MI

House

MLS® 1950321

0 Bed

0 Bath

17560 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size 17560 sqft
Garage 
Taxes 
Days Active 0
Lot Size 5 Acres
Approx. Age 2023
Avg. Price Per Sqft $99
MLS® Number 1950321

Property Address: 1120 N Us Highway 31, Pellston, MI, 49769-9266

Average square foot calculated using Size range provided by listing agent.

Description

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!
MLS® Number1950321
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2023
Basement
DrivewayParking Lot, Other
Garage Spaces
HeatWall Furnace, Propane
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 8, 2026List Date
$1,750,000List Price
  • Commute

Commute

Starting Address
Destination Address
1120 N Us Highway 31, Pellston, MI

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