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$ 350,000
Est. payment /mo
New
3055 3rd ST S Waite Park, MN 56387
0.46 Acres Lot
UPDATED:
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
Property Description
Investment opportunity in the St. Cloud metro. This Waite Park self-storage facility features 32 units 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.
Location
State MN
County Stearns
Zoning Business/Commercial,Industrial
Interior
Heating None
Inclusions Building, Land, Leases
Fireplace No
Exterior
Parking Features Asphalt, Secured
Utilities Available Electric Common
Present Use Storage Facility
Building
Foundation 6900
Sewer None
Water None
New Construction false
Schools
School District St. Cloud
Listed by Jadde Rowe-Laudenbach • RE/MAX Results
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