Tractor shed rental

JL Ray · Jan 5, 2015

Just wondering. If I had a 60 x 60 machinery shed with one door that's 13 feet tall and 20 wide. what could I rent it for? The building is not real tight. No electricity. No heat. Cement floor. Southern Michigan location.
Just ball park numbers? Please.

DeltaRed · Jan 5, 2015

You could rent it to multiple 'tenants' 25 to 50 dollars per month per unit(tractor,auto,combine,motorcycle....)Could give discount for multiple units.

Geo-TH,In · Jan 5, 2015

I have a 28x42x16 insulated, electric, old semi garage. Get $200/mo. That just covers the taxes and insurance, with a few bucks left over.

88-1175 · Jan 5, 2015

I pay 6.25 per foot,including the hitch to store my camper at our local fairgrounds,from oct 1st to around mid may,the fee is for the entire period.its in a secure locked bld

Mike (WA) · Jan 5, 2015

I'd sure stay away from multiple tenants- one is sure to turn out to be a thief!

M Nut · Jan 5, 2015

Last I paid storage about 6 years ago or so, the cost was $10 per linear foot, per year, with an assumption the item was 8ft in width. Example: a boat on a trailer with motor on rear was about 22ft total length. Cost was $220 for the year, stored in unseated building on a dirt floor.

JL Ray · Jan 5, 2015

My thoughts were to find a (as in one) farmer to rent it to.

John_PA · Jan 5, 2015

I wish you were my next door neighbor!

black · Jan 5, 2015

My brother has a building 40 x 100 / 14 ' ceiling ,concrete floor , He rents it out for boats etc. and charges about $ 350.00 per unit on average -- pays the taxes -- but my tractors are all outside under tarps -- L.O.L. -- unless I pay the rent.

stonerock · Jan 5, 2015

40x60-14' ceiling no water,electric, has cement floor 75.00 mo......central ohio

Joe W. · Jan 5, 2015

A friend of mine here in mid-Michigan has a large, modern storage building with a concrete floor and 3 overhead doors. He stores 3 of his tractors in it and allows other folks he knows to store their stuff in it on a monthly basis - $50 a month. There are two cars, two boats, and I have my parade wagon stored there. Perhaps at $50 a month or at some rate appropriate to the size, you could rent individual unit space and have more income than renting the entire building to one person. Just another idea.

RalphWD45 · Jan 5, 2015

What Mike said! was my thoughts all the way thru the thread! Just my experiences, and me feeling responsible when it occurs.

big jt · Jan 6, 2015

I own a Quonset I rent out a couple spaces in. Not super tight, no electric other than a portable generator. If it snows no access unless I need to get in myself.

Have two boats at $120 apiece a year and did have a 6x6 military truck at the same rate.

One boat is a fishing boat and is gone most of the summer other is a hunting boat and is gone for a couple months. 6x6 only came out for local threshing show.

jt

Geo-TH,In · Jan 6, 2015

It may be better to rent it to one person. Let him sub-lease. Make one person responsible for paying the rent.

You still have to charge enough to pay taxes and insurance. Finding an insurance company to handle commercial properties is my biggest head ache. The taxes on commercial properties in Indiana are 3x the taxes on the house you live in. Rental properties are 2x more.

Tractor shed rental

JL Ray

Member

DeltaRed

Well-known Member

Geo-TH,In

Well-known Member

88-1175

Member

Mike (WA)

Well-known Member

M Nut

Well-known Member

JL Ray

Member

John_PA

Well-known Member

black

Member

stonerock

Member

Joe W.

Member

RalphWD45

Well-known Member

big jt

Well-known Member

Geo-TH,In

Well-known Member

Similar threads