1120 US-31 N Pellston, MI $ 1,750,000
1120 US-31 N
$ 1,750,000
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1120 US-31 N

Pellston, MI, 49769
$ 1,750,000
Bedrooms-- Baths-- Sq 17,560

Monthly Estimate*

$ 11,050

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Commercial Property for sale in Pellston, MI

for $1,750,000. This 17,560 square foot building was built in 2023 on a lot size of 5.

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!

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Commercial Active

Price

$ 1,750,000

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

5

Year Built

2023

Town/City

Pellston

County/Region

Emmet

MLS | Web ID

1950321

Features
General
Sewer Private Sewer
Heating Wall Furnace Propane
Possession Close Of Escrow Long-Term Tenant Negotiable Subject To Tenant Rights
Roof Metal/Steel
Construction Materials Steel Siding Frame Steel
Year Built 2023
Township McKinley
Property Subtype Income
Business Type Storage
Accessibility None
Assoc Fee Paid Per Annually
Business Name Pellston US-31 Self Strge
County Emmet
New Construction N
Property Type Commercial Sale
Attached Garage N
Subdivision Name Metes and bounds
Garage Y/N N
Building Features Other
Rent Includes None
Status New
Directions US 31 N across from Pellston Regional Airport
City Pellston
Zoning Description Commercial
Lot Size Units Acres
Lot Size Square Feet 217800
Carport Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Lease Considered Y/N N
Living Area Units Square Feet
Standard Status Active
Tax Assessed Value 204553
Ownership Type Private Owner
Lease Amount Frequency Annually
Legal Description ALL THAT PT OF S 1/2 OF S 1/2 OF S 1/2 OF N 1/2 OF SE 1/4 OF SW ¼ OF SECTION 27 LYING E OF HWY US 31. ALSO INC PT SE ¼ OF SW ¼ OF SD SEC COM AT S ¼ COR OF SD SEC TH ALG N/S ¼ LN N00°03’30”E 504.81 FT
Freehold VOW BBO IDX
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Exterior
Parking Features Other Parking Lot
Lot Features Freestanding
Water Source Private
Lot Size Area 5
Foundation Details Slab
Spa N
Lot Dimensions 400x560
Lot Size Acres 5
Road Surface Type Asphalt
Other Parking Other Parking Lot
Waterfront Y/N N
Road Responsibility Public Maintained Road
Horse Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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* Excluded Features
List By
Coldwell Banker Schmidt Traverse City

Broker

Home: 231-835-1555

Contact

Affordability Calculator

$11,050
Per Month
100%
0%
0%
Monthly Principal & Interest
$11,050
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2034270 Elementary School
2034440 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/8/2026$1,750,000 Listed Price

Map


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1120 US-31 N, Pellston, MI, 49769 is a Commercial Property for sale at $1,750,000 with 17,560 sqft and a lot size of 5. 1120 US-31 N was built in 2023. The property's zip code is 49769 which is in Pellston, MI