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Alexis Peters
(218) 850-1205
Counselor Realty, Inc |
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3055 3rd Street S, Waite Park, MN 56387
STATUS: Contingent
PROPERTY TYPE: Commercial - Business
SUBDIVISION: Sauk River Park Add
SCHOOL: St. Cloud
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.
Property Features
Property Type: Commercial - Business Fuel Type: Other Heating: None Lot Size: 0.46 Acres Taxes: $9,758 Year Built: 2002
Feature Descriptions
Current Use: Storage Facility
Days on Site: 17
Foundation Size: 6900
Lot Dimensions: 100x200
Parcel#: 98608240114
Parking: Asphalt, Secured
Sale Includes: Building, Land, Leases
Sewer: None
Units: 32
Utilities: Electric Common
Water: None
Local Schools
School District: St. Cloud
Listed By / Shown By
Agency Name: RE/MAX Results
Agency Phone: 612-314-1520
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3055 3rd Street S | MLS# 7048002
This commercial property located at 3055 3rd Street S, Waite Park, MN 56387 is currently listed for sale with an asking price of $350,000. 3rd Street S is located within the St. Cloud school district. Search Waite Park real estate on apeters.counselorrealty.com today.