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$294,900 Just Listed
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Property Description
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 opportunity to own an established, income-producing storage facility with demand already in place. Skip the complexity. Own the space. Collect the rent.
Full Property Details
Full Property Details for 387 E South St
General
- Price: $294,900
- Status: Active
- Type: Retail
- Source: SWMRIC_MLS
- MLS ID: 26049631
- Updated: 9/20/2026
- Added to Site: 4 day(s) ago
Business
- Business Type: Storage
Location
- County: Newaygo
- Cross Streets: Greenback Street
- Driving 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.
Heating & Cooling
- Heating Type: None
Utilities
- Sewer: None
- Water: None
- Utility Description: None
Structural Information
- # Buildings: 1
- Construction: Vinyl Siding
- Roof: Composition
- Stories/Levels: 1
- Square Feet: 7,600
- Year Built: 2002
Lot Features
- Lot Size (Acres): 0.63
- Lot Size (Sq. Ft.): 27,443
- Lot Dimensions: 102.93 x 220.19
- Frontage: Paved
- Zoning: Commercial/Resi
Financial Considerations
- Terms: Conventional, Cash
Disclosures and Reports
- Legal Description: LENGTHY LEGAL DESCRIPTION: SEE ADDITIONAL DOCUMENT. *SUBJECT TO VILLAGE APPROVAL
- Property ID: 09-30-300-022 *SUBJECT TO VILLAGE APPROVAL
Listed by Keller Williams GR North, Tammy Jo Budzynski
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Price & Sales History for 387 E South St
Date
Details
Price
Change
Source
9/17/2026
Listed
$294,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 387 E South St
387 E South Street, Hesperia, MI 49421 (MLS# 26049631) is a Retail property. 387 E South Street is currently listed for $294,900 and was received on September 17, 2026. Want to learn more about 387 E South Street? Do you have questions about finding other Retail real estate for sale in Hesperia? You can browse all Hesperia real estate or contact a Coldwell Banker agent to request more information.

