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Detroit MSA Self Storage Offering with Upside

POPULATION
In 2024, the population in your selected geography is 282,881. The population has changed by -2.64 percent since 2010. It is estimated that the population in your area will be 281,365 five years from now, which represents a change of -0.5 percent from the current year. The current population is 51.5 percent male and 48.5 percent female. The median age of the population in your area is 41.0, compared with the U.S. average, which is 39.0. The population density in your area is 3,594 people per square mile.

HOUSEHOLDS
There are currently 121,718 households in your selected geography. The number of households has changed by 3.04 percent since 2010. It is estimated that the number of households in your area will be 121,542 five years from now, which represents a change of -0.1 percent from the current year. The average household size in your area is 2.3 people.

INCOME
In 2024, the median household income for your selected geography is $73,487, compared with the U.S. average, which is currently $76,141.The median household income for your area has changed by 44.20 percent since 2010. It is estimated that the median household income in your area will be $84,468 five years from now, which represents a change of 14.9 percent from the current year.

The current year per capita income in your area is $37,239, compared with the U.S. average, which is $40,471. The current year’s average household income in your area is $87,743, compared with the U.S. average, which is $101,307.

EMPLOYMENT
In 2024, 137,941 people in your selected area were employed. The 2010 Census revealed that 61 percent of employees are in white-collar occupations in this geography, and 20.8 percent are in blue-collar occupations. In 2024, unemployment in this area was 4.0 percent. In 2010, the average time traveled to work was 25.00 minutes.

HOUSING
The median housing value in your area was $201,079 in 2024, compared with the U.S. median of $321,016. In 2010, there were 88,539.00 owner-occupied housing units and 29,581.00 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. 27.7 percent of the selected area’s residents had earned a graduate degree compared with the national average of only 13.5 percent, and 10.5 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 16.3 percent vs. 8.8 percent, respectively.

The area had fewer high-school graduates, 2.2 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 36.7 percent in the selected area compared with the 19.7 percent in the U.S.

• Detroit MSA Self Storage Offering with Upside
• Brand-New, Three-Story, Fully Climate-Controlled Facility – Expected to Receive Certificate of Occupancy in October 2025
• Located in Livonia, Michigan (About 20 Miles West of Downtown Detroit)
• Easily Accessible from I-96 via both Merriman Road and Middlebelt Road
• 94,244 Net Rentable Square Feet
• 832 Climate-Controlled Self Storage Units
• Extremely Dense Surrounding Population: 282,881 People Living Within a Five-Mile Radius & 92,087 People Living Within a Three-Mile Radius
• High-Traffic Area: Approximately 23,000 Cars/Day on Plymouth Road
• Surrounded by Numerous Residential Neighborhoods, Restaurants, National Retail Brands, and Much More

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