387 E South Street
Hesperia, MI, 49421 $ 294,900
Bedrooms-- Baths-- Sq 7,600 Monthly Estimate*
$ 1,862
for $294,900. This 7,600 square foot building was built in 2002 on a lot size of 0.63.
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 .... (See Supplement Remarks)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 opport
See more
FeaturesGeneralHeating None
Utilities None
Possession CloseOfEscrow
Roof Composition
Construction Materials Frame VinylSiding WoodSiding
Year Built 2002
Tax Year 2025
Business Type Retail
County Newaygo
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Garage Y/N N
Status Active
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.
City DenverTownship_Newaygo
Senior Community Y/N N
High School District Hesperia
Zoning Description Other
Number Of Units Total 38
MLS Area Area62091DenverTwp
Lot Size Units SquareFeet
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 0.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Building Area Units SquareFeet
Standard Status Active
Tax Assessed Value 0
Legal Description LENGTHY LEGAL DESCRIPTION: SEE ADDITIONAL DOCUMENT. *SUBJECT TO VILLAGE APPROVAL
See more
ExteriorParking Features Unpaved
Lot Size Area 27443.0
Foundation Details None
Number of Buildings 1
Spa N
Building Area Total 7600.0
Lot Dimensions 102.93 x 220.19
Lot Size Acres 0.63
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Road Responsibility PublicMaintainedRoad
Horse Y/N N
Irrigation Water Rights Y/N N
See more
InteriorBasement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Total Baths 0
See more
* Excluded FeaturesList ByTammy Jo BudzynskiListing Agent
Keller Williams Gr NorthBroker
Affordability Calculator
- Monthly Principal & Interest
- $1,862
- 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.
Learn more about how to save NearbyCommerical listings in Hesperia, MI
Average List Price $242,154
Percent of Sale Price 18%
About Hesperia, MI 920 Population
-3% Since 2002
$ 46,264 Median Income
38.3 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
4909364 Elementary School
4909188 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/17/2026 | $294,900 | | Listed Price |