387 E South Street, Hesperia, MI 49421
New ListingOverview
Description
Supplements: ... (Read more) Simple. Low Maintenance. Income Producing. Here's an investment opportunity that gets back to the basics! This Hesperia commercial storage property features 38 individual storage units, each measuring approximately 10' x 20', with a current rental rate of $70 per month per unit. The property is currently fully occupied, with the owner utilizing two of the units, creating the potential for additional rental income in the future. Why invest in rental homes that can come with furnaces, plumbing problems, broken windows, leaking basements, costly turnovers, and constant repairs? Storage keeps it simple. No heat, no residential tenants, and fewer major systems to maintain or replace. With 36 units currently generating rental income, the property produces approximately $2,520 per month / $30,240 annually in gross rental income, with the two owner-occupied units offering additional income potential if placed into the rental pool. Whether you're an experienced investor looking to expand your portfolio or searching for a straightforward entry into commercial real estate, this is an opportunity to own an established, income-producing storage facility with demand already in place. Skip the complexity. Own the space. Collect the rent.
Listing Details MLS# 26049631
Location Property Info
- County
- Newaygo
- Street #
- 387
- Street Direction
- E
- Street Name
- South
- Suffix
- Street
- State
- MI
- Zip Code
- 49421
General Property Info
- New Construction
- No
- Lot Measurement
- Acres
- Lot Acres
- 0.63
- Lot Square Footage
- 27443
- Lot Dimensions
- 102.93 x 220.19
- Year Built
- 2002
- Road Frontage
- 100
- Total # Units
- 38
- # Fin Bldg Lvls
- Yes
- # of Diff Unit Floor Plans
- Yes
- Total # Bldgs
- Yes
- Total SqFt
- 7600
- Waterfront
- No
- School District
- Hesperia
Tax Info
- Tax ID #
- 09-30-300-022 *SUBJECT TO VILLAGE APPROVAL
- For Tax Year
- 2025
- Tax Year
- 2025
- Spec Assessment & Type
- None known
- Zoning
- Commercial/Resi
Remarks Misc
- Directions
- M-120 N/S Maple Island Rd to EAST on 1 Mile/E South to property located on the NORTH side of the street.
Additional Details
- Grd Lvl OH Doors
- 38
More Information
Waterfront Options
- Water Access Y/N
- No
Unit 1
- Unit Description
- 10 X 20 STORAGE UNIT
- Identical Units
- 37
- SqFt
- 200
- Occupied
- Yes
- Rent $/Month
- 70
Property Features


