6,900 sqft

$245,000

505 Sheridan Avenue, Munising MI, 49862

Price per sqft$35.51

Built in1989

Property size6,900 sqft

Property typeCommercial

Overview

Active

Listed Sep 21, 2026

Updated 10 days ago

INVESTMENT OPPORTUNITY in Munising! Take advantage of this established storage unit business with a strong history of high occupancy and excellent potential for continued growth. The property includes a 40x120 metal building with 24 storage units in a variety of sizes, including 10x13, 10x20, and 10x27. A second, newer 30x70 building, constructed in 2017, offers approximately 15–18 additional units ranging in size from 5x10 to 10x30, providing options to accommodate a variety of storage needs. Situated on an impressive 10 city lots in Munising, the property offers plenty of room for additional development or expansion of the existing storage operation. With established rental history, multiple unit sizes, and valuable space to grow, this is an exciting opportunity to step into an existing income-producing business while still having the potential to expand and increase future revenue.

Additional information

MLS^® ID: 50222461

Interior Features

Basement: No

Exterior Features

Lot Size: 1.22 Acres

Other Property Details

Taxes: $7,300
Tax Frequency: Annually
Municipality: Munising

Listed by AMY SCHIEDING with RE/MAX SUPERIORLAND
Listing Contact: 906-202-0340

Based on information originating from the MiRealSource as of 10/12/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 10/12/2026 at 10:40 PM UTC