1120 US-31 N

For Sale

1120 US-31 N, Pellston, MI 49769

This Pellston property for sale is located at 1120 US-31 N. The current listed sale price for 1120 US-31 N is $1,750,000.

Contacts

Sue Louiselle

Coldwell Banker Schmidt Realtors

Property Details

  • Property Type Other
  • Property Size 17,560 SF
  • Year Built 2023
  • Date Updated Oct 3, 2026
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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Highlights

  • US 31 N across from Pellston Regional Airport
  • Cooling: Wall Unit A/C
  • Heating - Fuel Type: Propane
  • Road Type: City / Town Street
  • Roof: Metal Roof
  • Water: Well

Getting around

  • 10/100

    Walk Score ®

  • 30/100

    Bike Score ®

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Location

  • City Pellston, MI
  • Neighborhood Pellston
  • Zip Code 49769

Points of Interest

  • BP

    1.15 miles

  • Marathon

    4.55 miles

  • MDOT Park & Ride

    0.93 miles

  • East Brutus Road Trailhead Parking

    7.26 miles

  • NCT Traihead Parking - Larks Lk Rd

    8.30 miles

  • MDOT Public Carpool Parking

    8.42 miles

  • truck parking

    9.26 miles

  • car parking

    9.32 miles

  • Challenger lot

    9.91 miles

  • Pellston Lodge

    0.50 miles

  • Crooked River Lodge

    8.04 miles

  • Pure Paradise Resort

    8.74 miles

  • Heather Highlands Inn

    9.91 miles

  • The Highlands Main Lodge

    9.93 miles

  • Louie's Fresh Market

    8.64 miles

  • Hilltop Grocery

    8.99 miles

Contact Listing Broker
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