Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    49892 285Th Ave Staples, MN 56479

    Sponsored
    For Sale
    $699,000

    Commercial - Staples, MN

    Lot size:
    39.38 Acres
    Days on Market:
    156
    Last Refresh:
    Feb 17 at 2:06 am

    Property Features for 49892 285Th Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Agriculture,Business/Commercial,Residential-Single Family
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    APN
    250004400
    Parking features
    Carport, Covered, Garage, Garage - Detached, Heated
    Exterior features
    Metal, Vinyl, Wood
    Appliances
    Cooktop, Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Water - Softener
    Lot size
    39.38 Acres

    Utilities

    Heating system
    Baseboard, Forced Air, Wood (Heating), Wood Stove
    Cooling system
    Central Air

    Building Details

    Year built
    1943
    Building materials
    Other, See Remarks
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Jared Lundgren
    Jared Lundgren

    RE/MAX Northland (218) 203-3603

    Listing agent Jared Lundgren (218) 203-3603

    Listing date Sep 15, 2025

    MLS# 6764794 Listing URL

    Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Established Self-Storage Business with Residence

    This nearly 40-acre property, partially zoned commercial, presents an opportunity to own a self-storage business with visibility and easy access near Staples and the Lakewood Health System Hospital. The property includes three modern, well-maintained storage buildings comprising 73 units of varying sizes with a history of full occupancy and consistent rental income. Each unit features maintenance-free steel siding and roofing, concrete floors, metal ceilings, and wood walls. While the buildings lack power, it is available in the general area, and three large overhead lights provide security. The property's layout allows for a security fence and gate, additional storage buildings, and outdoor vehicle/RV storage. Also included is a 5+ bedroom house in fair-good condition, an oversized heated and insulated 3+ stall garage, a large barn, and additional storage outbuildings. The residence's lower level, previously affected by minor water damage, has a working toilet and rough-ins for a full bathroom, with space for 1-2 additional bedrooms. Two usable drilled wells are present, and the septic system is operational. The property offers potential for additional rental income through storage units, RV/outdoor storage, barn and acreage rentals, or residential rental, particularly for medical personnel due to its proximity to the hospital and the rarity of 4+ bedroom rentals in the area. Sellers would consider a short-term rent-back of the residence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Restaurant Building Supply Dental Office Pharmacy Skin Care Clinic Food Market Grocery & Convenience Store Bar & Pub Garden Center Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Staples
    County
    Wadena
    State
    Minnesota
    Longitude
    -94.76865136
    Latitude
    46.35326983

    Nearby Similar for Sale

    • $399,990
      0.18 Acres

      Turnkey Restaurant Business For Sale

      Fully operational restaurant with building and equipment in Staples, MN.
      304 2Nd Ave NE, Staples, MN 56479
      View Details
    • $525,000
      1.22 Acres

      Bar & Grill on Crow Wing

      Family-owned bar and grill with river tubing on 1.22 acres.
      19680 Wahoo Valley Dr, Staples, MN 56479
      View Details
    • $169,900
      0.08 Acres

      Turn-Key Bar Opportunity in Staples

      Established bar with event space and newer equipment in Staples.
      102 4Th St NE, Staples, MN 56479
      View Details
    • $225,000
      4,000 SF

      Staples Commercial Building For Sale

      Commercial building in Staples with multiple office spaces and visibility.
      133 4Th St NE, Staples, MN 56479
      View Details
    • $118,000
      2,311 SF

      Downtown Staples Mixed-Use Building

      Prime location, high-return potential. Multi-unit investment opportunity.
      212 4Th St, Staples, MN 56479
      View Details
    • $550,000
      2,492 SF

      Wahoo Valley Bar & Grill

      Riverfront Bar & Grill, Turnkey Business
      19680 Wahoo Valley Dr, Staples, MN 56479
      View Details

    FAQs

    What type of property is this?
    Self storage facility - 40-acre property with self-storage, residence, and expansion potential near Staples.
    Where is this self storage facility located?
    The property is located at 49892 285Th Ave Staples, MN.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Established self-storage business with 73 units and a history of full occupancy generating consistent rental income.; - Nearly 40-acre property zoned partially commercial, offering significant potential for expansion and additional income streams.; - Prime location on the edge of Staples, with high visibility and easy access near the Lakewood Health System Hospital.
    (218) 203-3603
    Request Owner's contact information
    49892 285Th Ave Staples, MN 56479
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    49892 285Th Ave
    Staples, MN 56479
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    49892 285Th Ave Staples, MN 56479
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jared Lundgren
    Jared Lundgren
    Real Estate License ID: 40522198
    (218) 203-3603 (612) 636-2151 (218) 429-0202
    Learn more
    Google sign-in failed. Please try again or use another login method.