4870 66th Street NW - Self-Storage Facilities FOR SALE


Walker, MN 56484
$2,450,000 USD
612-394-7553
4870 66th Street NW, Walker, MN for Sale
$2,450,000 USD
Self-Storage Facilities - FOR SALE
1/4
null | Request Cap Rate

4870 66th Street NW
Walker, MN 56484


HIGHLIGHTS

  • High occupancy since inception — both buildings have been fully leased since delivery in 2020 and 2021, demonstrating exceptional, proven demand.
  • Significant income growth potential — only one rate increase implemented since construction (last raised 2 years ago)
  • Purpose-built for high-value cabin/lake country demand — large, RV-sized units with in-floor heating, ventilation, and 30-amp power
  • Prime Highway 371 location — high-traffic, high-visibility site in the heart of Leech Lake cabin country.
  • High-quality security and construction — fully fenced with barbed wire, keypad access, surveillance cameras, and bollard-protected units
  • Potential for assumable debt — buyers have the opportunity to assume a portion of the seller’s existing debt at a favorable rate

OVERVIEW

Walker Storage Max presents a rare opportunity to acquire a best-in-class, purpose-built self-storage facility in one of Minnesota’s most sought-after lake and cabin destinations. Situated directly off State Highway 371, the property benefits from prime visibility and high traffic density in a market defined by strong seasonal and year-round demand. Walker sits at the gateway to Leech Lake and the surrounding cabin country, where limited storage supply and a growing base of seasonal residents, boaters, and RV owners have created outsized demand for secure storage, particularly for large vehicles, boats, and recreational equipment that don’t fit conventional units. The facility was developed in two phases, with the first building completed in August 2020 and the second in July 2021, and has maintained 100% occupancy since each building opened. Despite this exceptional performance, the current ownership has only implemented one rental rate increase since construction, with the most recent adjustment occurring two years ago, pointing to significant embedded upside for a new owner. Built to serve the region’s RV and lake-country clientele, the units feature 14-foot automatic doors, in-floor heating, ventilation systems, 30-amp outlets, and man doors, combined with robust site security including full perimeter fencing with barbed wire, keypad access control, surveillance cameras, and bollard protection at every door and corner.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$77 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walker Storage Max

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

ADD'L SUBTYPES

Self Storage

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.2 AC

LAND SF

139,392 SF

ZONING

-

APN/PARCEL ID

38-390-0150

ASK ABOUT THIS PROPERTY

Alex IhrkeArea Storage AdvisorsMore Info
612-394-7553

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Alex IhrkeArea Storage AdvisorsMore Info
612-394-7553

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