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$ 1,250,000
Est. payment /mo
Active
353 W 1st ST Fennville, MI 49408
12,780 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type BusinessandRealEstate
Listing Status Active
Purchase Type For Sale
Square Footage 12,780 sqft
Price per Sqft $97
Subdivision Raymonds Add
MLS Listing ID 20261012297
Year Built 2020
Lot Size 1.020 Acres
Acres 1.02
Property Sub-Type BusinessandRealEstate
Property Description
Stowaway Self Storage, a recently built (2020), professionally managed self-storage facility located in the heart of Fennville, Michigan. Situated on 1.39 acres, this well-maintained asset offers 12,780 net rentable square feet across 137 non-climate-controlled units plus 1 outdoor parking space.
Currently at 76% occupancy with ongoing lease-up, the property presents immediate upside potential through continued stabilization and rental optimization. The facility generated $134,314 in gross revenue with a Net Operating Income (NOI) of $77,482, offering investors a strong foundation with embedded growth.
Designed for operational efficiency, the property features:
Automated gated access
24/7 CCTV surveillance (REO Link)
Fully secured perimeter
Da Vinci lock system
Professional management with in-house call center
Cubby Storage management software
Drive-up unit configuration for low maintenance operations
The diverse unit mix includes 5x5, 5x10, 10x10, 10x20, 20x10, and 30x10 units, catering to residential, seasonal, and recreational storage needs.
Strategically positioned near major highways, established residential neighborhoods, Lake Michigan, and the Saugatuck/Douglas tourism corridor, the property benefits from strong seasonal and residential demand drivers. Recreational corridors, wineries, agritourism, boating access, and nearby tourism destinations further support long-term storage demand and rent stability.
With limited new development in the immediate market and strong local demand fundamentals, this modern, low-maintenance asset offers investors both stability and growth potential in an expanding West Michigan corridor.
Currently at 76% occupancy with ongoing lease-up, the property presents immediate upside potential through continued stabilization and rental optimization. The facility generated $134,314 in gross revenue with a Net Operating Income (NOI) of $77,482, offering investors a strong foundation with embedded growth.
Designed for operational efficiency, the property features:
Automated gated access
24/7 CCTV surveillance (REO Link)
Fully secured perimeter
Da Vinci lock system
Professional management with in-house call center
Cubby Storage management software
Drive-up unit configuration for low maintenance operations
The diverse unit mix includes 5x5, 5x10, 10x10, 10x20, 20x10, and 30x10 units, catering to residential, seasonal, and recreational storage needs.
Strategically positioned near major highways, established residential neighborhoods, Lake Michigan, and the Saugatuck/Douglas tourism corridor, the property benefits from strong seasonal and residential demand drivers. Recreational corridors, wineries, agritourism, boating access, and nearby tourism destinations further support long-term storage demand and rent stability.
With limited new development in the immediate market and strong local demand fundamentals, this modern, low-maintenance asset offers investors both stability and growth potential in an expanding West Michigan corridor.
Location
State MI
County Allegan
Area Area86072Fennville
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
View Y/N No
Garage false
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
High Schools Fennville
School District Fennville
Others
Senior Community false
Acceptable Financing Cash, Conventional, WarrantyDeed
Listing Terms Cash, Conventional, WarrantyDeed
Special Listing Condition ShortSaleNo, Standard
©2026 Realcomp II Ltd. Shareholders
Listed by Maurice Khalifa of Realty Executives Home Towne
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