Owosso Mini Storage — Sale in Owosso, MI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Owosso, MI 48867
  • Year built: 1991

Photos

Owosso Mini Storage — Sale in Owosso, MI, photo 1 of 2
Owosso Mini Storage — Sale in Owosso, MI, photo 2 of 2

Investment Figures

Cap rate
6.70%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

The Gorman Self Storage Group is pleased to present Owosso Mini Storage, a value-add self-storage investment opportunity located in Owosso, Michigan. The property consists of approximately 44,900 net rentable square feet of climate-controlled and non-climate-controlled storage, offering a diverse unit mix that serves a broad range of customer needs. In addition to the storage units, the property features three residential apartments, a retail shop, and an onsite office, creating multiple sources of income and operational flexibility. With meaningful upside remaining through occupancy gains, rental rate growth, and operational enhancements, the asset is well-positioned for a new owner to unlock additional value. Being offered at approximately $50 per square foot, Owosso Mini Storage provides investors the opportunity to acquire a well-located asset at a basis below replacement cost while benefiting from significant value-add potential. Investment Highlights: • 44,900 NRSF of Storage, Retail, and Multifamily • Fully Fenced with Keypad Entry • Being Offered at $50/SF • Over $70K HH Income in 5-Mi Radius • 19.5% Projected Income Growth in Next 5 Years • 3 On-Site Apartments and 3,200 SF of Retail

Market Context

This commercial property in Owosso, MI is listed for sale. It is offered at an approximate 6.7% capitalization rate, a key benchmark for income-producing commercial property assets. The building dates to 1991. Compare it against other commercial property listings for sale in Owosso, MI — view the full market.

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