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Newly Built, Class-A Self Storage Facility with Upside in Southeast Michigan

POPULATION
In 2024, the population in your selected geography is 164,606. The population has changed by 1.10 percent since 2010. It is estimated that the population in your area will be 163,761 five years from now, which represents a change of -0.5 percent from the current year. The current population is 51.4 percent male and 48.6 percent female. The median age of the population in your area is 44.0, compared with the U.S. average, which is 39.0. The population density in your area is 2,092 people per square mile.

HOUSEHOLDS
There are currently 67,892 households in your selected geography. The number of households has changed by 4.43 percent since 2010. It is estimated that the number of households in your area will be 67,760 five years from now, which represents a change of -0.2 percent from the current year. The average household size in your area is 2.5 people.

INCOME
In 2024, the median household income for your selected geography is $124,226, compared with the U.S. average, which is currently $76,141. The median household income for your area has changed by 57.99 percent since 2010. It is estimated that the median household income in your area will be $139,476 five years from now, which represents a change of 12.3 percent from the current year.

The current year per capita income in your area is $57,663, compared with the U.S. average, which is $40,471. The current year’s average household income in your area is $146,008, compared with the U.S. average, which is $101,307.

EMPLOYMENT
In 2024, 83,685 people in your selected area were employed. The 2010 Census revealed that 75.7 percent of employees are in white-collar occupations in this geography, and 10.9 percent are in blue-collar occupations. In 2024, unemployment in this area was 3.0 percent. In 2010, the average time traveled to work was 27.00 minutes.

HOUSING
The median housing value in your area was $374,191 in 2024, compared with the U.S. median of $321,016. In 2010, there were 49,908.00 owner-occupied housing units and 15,100.00 renter-occupied housing units in your area.

EDUCATION
The selected area in 2024 had a lower level of educational attainment when compared with the U.S averages. 52.8 percent of the selected area’s residents had earned a graduate degree compared with the national average of only 13.5 percent, and 8.6 percent completed a bachelor’s degree, compared with the national average of 21.1 percent.

The number of area residents with an associate degree was higher than the nation’s at 11.8 percent vs. 8.8 percent, respectively.

The area had fewer high-school graduates, 1.0 percent vs. 26.2 percent for the nation, but the percentage of residents who completed some college is higher than the average for the nation, at 21.1 percent in the selected area compared with the 19.7 percent in the U.S.

• Newly Built, Class-A Self Storage Facility with Upside in Southeast Michigan
• Located in Plymouth Charter Township | About 25 Miles West of Downtown Detroit and About 20 Miles Northeast of Downtown Ann Arbor
• Opened in December 2022
• 73,450 Net Rentable Square Feet
• 635 Climate Controlled Self Storage Units
• Indoor Drive-Thru Loading/Unloading Bay
• High Daily Traffic Counts: Approx. 83,200 Cars/Day off M-14 & Approx. 14,200 Cars/Day off Sheldon Road
• Excellent Visibility Along Both Sheldon Road and M-14
• Easily Accessible from M-14 and Just Minutes from the I-96/I-275 Interchange, Providing Convenient Drive Times to Nearby Cities Including Novi, Westland, Livonia, Canton, Ann Arbor, and Detroit
• Affluent Market: Average Household Income Within One, Three, and Five Miles is Well Above the National Average
• Average HHI: 1-Mile: $170,240 | 3-Miles: $158,233 | 5-Miles: $146,008
• Dense Surrounding Population Base: 164,606 People Living Within Five Miles

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