2011 S Sheridan Rd Lennon, MI 48449-9701

An exceptional self-storage investment opportunity in Lennon, Michigan.

Property Highlights:

Asking Price: Now Only $2.39M ($400K Price Drop from $2.79M!)

Prime Location: Corner of two state highways (M-13 & M-21)

Total Units: 165

Status: Newly built: 2024, lease-up stage – current occupancy ~31% (51 units leased)

Net Rentable Square Feet (NRSF): 31,050 SF existing

Lot Size: 7.02 acres

Expansion Opportunity: Existing site plan approved for additional development of an additional 49,700 sq ft totaling 80,420 sq ft

Gross Potential Income: $297,420 annually at full lease-up of Phase 1= $3.199M

Value at 8% Cap
 
Gross Potential Income after Expansion: $782,684=$9.3M Value at 8% Cap 

Highlights:
Strong lease-up upside with regional demand;
Within 1 hour of Lake Huron's Saginaw Bay;
Stabilization expected within 24–36 months with NOI growth potential

Unit Mix Includes:
Small Units: 5×10, 5×15, 10×5 (drive-up & climate)
Mid-Size Units: 10×10, 10×15, 10×20 (climate & non-climate)
Large Units: 10×30, 10×40 drive-up rollups
Rental Rates: $59 (small drive-up) – $249 (large drive-up)

Location & Market Drivers:
Corner frontage of M-21 (Corunna Rd) & M-13 (Sheridan Rd)
High daily traffic counts in a recreation corridor!
Demand fueled by growing residential communities (Lennon, Durand, Swartz Creek)
Easy access to Flint & Owosso expands the customer base

This facility offers significant lease-up potential plus expansion land already entitled—positioning it as a high-growth, cash-flow play for investors.

📞 Danielle Moore: (586) 354-4433