29105 County Road 25 - Self-Storage Facilities FOR SALE


Elgin, MN 55932
$1,100,000 USD
612-394-7553
29105 County Road 25, Elgin, MN for Sale
$1,100,000 USD
Self-Storage Facilities - FOR SALE
1/3
null | Request Cap Rate

29105 County Road 25
Elgin, MN 55932


HIGHLIGHTS

  • Convenient Location: Easy access to MN-42 and County Road 25; draws tenants from Elgin, Rochester, Plainview, Millville, Eyota, and surrounding towns.
  • Growth Opportunity: Includes 10 adjacent acres for expansion of additional units, vehicle storage, or future development.
  • High Quality Asset: All steel Trachte drive up units on an asphalt paved lot.
  • Value Add Facility: Operating at 65% occupancy, there is room to grow revenue significantly through lease-up and improved management.
  • Secure & Monitored: Fenced yard around the parking area for added safety and peace of mind.

OVERVIEW

Northside Mini Storage offers a prime opportunity to acquire a high quality self storage facility with significant upside potential. Located in Elgin, MN, just outside of Rochester, MN, the facility provides 26,000 rentable square feet of drive up self storage and abundant land for outdoor storage and parking. Between two parcels, there are over 13 acres of land for future expansion, boat and RV storage, or potential development. This turnkey asset features all steel drive-up units and accommodates both personal and vehicle storage needs. Serving the greater Rochester–Plainview corridor, Northside Mini Storage is strategically positioned to meet increasing demand in a growing market. Priced at $42 per rentable square foot, including additional land, this opportunity represents a compelling value below replacement cost.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$42 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Northside Mini Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.97 AC

LAND SF

129,373 SF

ZONING

-

APN/PARCEL ID

R-02.00237.03

ASK ABOUT THIS PROPERTY

Alex IhrkeArea CRE ServicesMore Info
612-394-7553

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Alex IhrkeArea CRE ServicesMore Info
612-394-7553

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.