$1,250,000 for Sale
353 w 1st, fennville, MI 49408
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.
General Information
Sale Price: $1,250,000
Price/SqFt: $102
Status: Active
MLS#: 324
City: fennville
Post Office: fennville
County: Allegan
Acres: 1.02
Lot Dim: 264X132
Size: 12,300 sq.ft.
Acreage: 1.02 est.
Year Built: 20
Property Type: Commercial/Industrial
Tax, Fees & Legal
Est. Summer Taxes: $5,961
Est. Winter Taxes: $12,016

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All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Maurice Khalifa of Realty Executives Home Towne
This listing last updated: Thu, February 26, 2026 at 6:50:44 PM EST
MIRealSource Listing Data Last Updated On Tuesday, April 7 2026 at 11:15am