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

Business

Lot Size

5

Year Built

2023

Town/City

Pellston

County/Region

Emmet

MLS | Web ID

80073333

Features
General
Heating Wall Heat
Cooling Wall/Window A/C
Possession At Close
Roof Metal
Water Private Well
Status Active Active
Year Built 2023
Parking Parking Lot
Subdivision Metes and bounds
County Emmet
Class COM/IND/BUS OPP
Type Business
Business Name Pellston US-31 Self Strge
Ownership Private
Municipality McKinley Twp
Section 27
Zoning Commercial
Sale/Rent For Sale
Status Detail 0
Commercial Features Other
Area McKinley Twp (24010)
Directions US 31 N across from Pellston Regional Airport
City Pellston
Financial Terms Cash Commercial Loan Conventional
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
DOM 20
Price Per Sq Ft Total AG 99.66
Public Remarks HIGHWAY CORRIDOR PORTFOLIO WITH AIRPORT EXPOSURE & MASSIVE BUILD-OUT UPSIDE: Priced at $1 750 000
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Exterior
Exterior Frame Steel
Lot Size Area 5
Lot Dimensions 400x560
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Interior
Fuel Type LP/Propane Gas
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* Excluded Features
List By
Sue Louiselle

Listing Agent

Coldwell Banker Schmidt Traverse City

Broker

michiganpropertiesnetwork@gmail.com

Email

Affordability Calculator

$11,050
Per Month
100%
0%
0%
Monthly Principal & Interest
$11,050
Monthly Property Taxes
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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
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/8/2026$1,750,000 Listed Price

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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