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    29474 Co Hwy 5 Ottertail, MN 56571

    For Sale
    $65,000

    Own your storage unit today!

    Property size:
    1,280 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    Prime investment opportunity in Ottertail, MN! This 1,280 sq ft storage building, situated on a 0.11-acre lot at 29474 Co Hwy 5 Unit 1, presents a compelling proposition. The structure is a premium 2x6 stick-built building, boasting scissor trusses for enhanced height and featuring attractive two-tone wainscoting. Durable 4" reinforced concrete floors extend 4' beyond the building, providing ample space. The building includes an insulated overhead door and rodent-proofing, along with basic 100-amp electric wiring. The asking price of $65,000 reflects a cost-effective entry point into the storage market. Note that this is a 32 x 40 x 14 ft building. Larger units are also available. A low association fee covers essential maintenance, including common area upkeep, driveway maintenance, and snow removal. While water and sewer are not available on-site, the property's strategic location and robust construction make it an attractive investment. A detailed site plan is available upon request. Please note that prices are subject to change due to material cost fluctuations.

    Property Features for 29474 Co Hwy 5

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,280 SF
    Lot Size
    4,792 SF

    Building Details

    Year Built
    2024
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ottertail
    County
    Otter Tail
    State
    Minnesota
    Longitude
    -95.61299
    Latitude
    46.38863

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    FAQs

    What type of property is this?
    Commercial real estate - Own your storage unit today!
    Where is this commercial real estate located?
    The property is located at 29474 Co Hwy 5 Ottertail, MN.
    What is the asking price?
    The asking price for this property is $65,000.
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    29474 Co Hwy 5 Ottertail, MN 56571
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    Realmo Value Estimation

    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.

    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.

    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
    29474 Co Hwy 5 Ottertail, MN 56571
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