@Winn Cook, I would be more concerned about the future buyer's inspector.  

The area you're discussing is near the Lilly facility on Meridian. 

According to Cook County, the market value on the property is about 167k.

Are the tenants short term AIRBNB, students, long term tenants that are single and don't cook, etc... 

With Amazon taking the old Euclid mall, about 800k sq ft, and now they have a  1 million sq ft facility 20 min away in the heart of everything , seem as though pricing is going even higher.

Private lenders usually offer less leverage in Detroit (and Cleveland & sometimes Cook County, Chicago).

@Josh Cook I have used Signature Electric for about 8 years.

What are the best ways to source self storage facilities for sale?

@Hans Cooke, It might be possible.  1031 property is property that was purchased with the intent of holding for productive investment use. 

Has a list of people waiting to rent there and is getting $675 per unit. 2 years ago one of the tenants left the gas stove on with food cooking and it burned down the 3rd unit, due to insurance reasons he had to remove the building pad as well after demo.