Commercial $ 350,000

3055 3rd ST S

Waite Park, MN 56387

  • 0.46 Lot Size
  • 2002 Year Built
Investment opportunity in the St. Cloud metro. This Waite Park self-storage facility features 32 units across two buildings on 0.46 acres, built in 2002 with 6,900 rentable SF. The unit mix includes 10 (10x10), 6 (10x20), 8 (10x25), 6 (10x30), and 2 (10x50) units, covering a wide range of tenant needs. All units feature roll-up doors, steel construction, and concrete floors. The fully fenced property includes an electronic gate system with a control box upgraded in 2025, along with recent fence repairs and gate loop replacement ($10,250 in capital improvements completed by the seller). Currently 80.6% occupied with consistent rental income and a strong value-add profile. Rents on several unit sizes are below local market rates, creating meaningful upside through rent adjustments alone with no capital investment required. Two 10x50 units have moveable interior walls already on-site and can be split into smaller units, adding additional revenue and units. A property tax reassessment is in progress with potential savings. Low-overhead, owner-operated model with all tenants paying via credit card. Ideal for a self-managing investor looking for cash flow and upside in a growing central Minnesota market.
Listed by Jadde Rowe-Laudenbach of RE/MAX Results

PROPERTY DETAIL

  • Key Details

    Property Type Commercial

    Listing Status Active

    Purchase Type For Sale

    Subdivision Sauk River Park Add

    MLS Listing ID 7048002

    Year Built 2002

    Annual Tax Amount $9,758

    Tax Year 2025

    Contingent None

    Lot Size 0.460 Acres

    Lot Dimensions 100x200

  • Location

    State MN

    County Stearns

    Zoning Business/Commercial,Industrial

  • Building

    Foundation 6900

    Sewer None

    Water None

    New Construction false

  • Interior

    Heating None

    Inclusions Building, Land, Leases

    Fireplace No

  • Exterior

    Parking Features Asphalt, Secured

    Utilities Available Electric Common

    Present Use Storage Facility

  • Schools

    School District St. Cloud

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CONTACT

Jadde Rowe
Jadde Rowe

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