For Sale: Waite Park MLS# 7048002
Active Contingent
$350,000
Commercial: Other
Built 2002
0.46 acres
St. Cloud schools
MLS# 7048002
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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.
Listing
Listing Status:
Active Contingent
Contingency:
Other
List Price:
$350,000
Property Type:
Commercial
City:
Waite Park
Garage Spaces:
0
County:
Stearns
Year Built:
2002
State:
MN
Property Style:
Other
Zip Code:
56387
Subdivision Name:
Sauk River Park Add
Exterior
Garage Spaces:
0
Foundation Size:
6,900 ft2
Handicap Accessible:
None
Heating System:
None
Parking Features:
- Asphalt
- Secured
Lot & Land
Acres:
0.46
Geolocation:
45.54873, -94.258476
Inclusions:
Building, Land, Leases
Lot Dimensions:
100 x 200
Zoning:
- Business/Commercial
- Industrial
Schools
School District:
742
District Phone:
3202539333
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$9,758
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$9,758
Units
Total Units:
32
Miscellaneous
Current Use:
Storage Facility
Fuel System:
Other
Sewer System:
None
Available Utilities:
Electric Common
Water System:
None
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX Results.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.