Building Details

Year Built 2023

Listing Agency: Andrew Yaggie Real Estate h***@andrewyaggie.com Show Phone

Listed By: Andrew Yaggie Show Phone

Source: Exitrealty

Added: Feb 26, 2025 Changed: Aug 8 Last Checked: Jul 23 at 8:55AM

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Investment Insights

Based on property information with market context.

This 3.48-acre property in rural Richville presents a commercial or residential investment opportunity, located a short distance from Otter Tail, Walker, Dead, and Pickerel Lakes. It features nine 20 x 40 individual storage units, each equipped with a 12 x 12 overhead door, a 36" service door, a power outlet, a garage door opener, and interior lights. Additionally, there are four seasonal camper pad sites and a combination office/garage space. The property is designed to accommodate the construction of additional storage units or a residential home. Features include fiber internet, a heated and cooled shop and office space with a half bathroom, a deep well and septic system serving the office and camping sites. Each pad site includes electricity, high-speed wireless internet, a picnic table, a fire pit, and an individual storage shed. A fully integrated irrigation system is also in place. The property is projected to provide a Net Operating Income (NOI) of $51,000 for 2025.

Key Highlights

• Projected NOI of $51,000 for 2025, representing a strong investment opportunity.
• Nine individual storage units (20x40) with overhead doors, power, openers, and lights.
• Four seasonal camper pad sites, each with electricity, high‑speed internet, picnic table, fire pit, and storage shed.

Property Analytics

Property Profile

Current Use

Self storage facilities

Location Intelligence

Trade Area within ½ mile

1

Businesses Nearby

Explore this area Business Placement

Demographics for 56576, MN

818

Population

965

Households

0.8

Avg Household Size

54

Median Age

28%

College-Educated

94%

High-School Grad

40.2 sq mi

ZIP Area

20

Density / Sq Mi

$73,523

Median Household Income

$46,932

Median Earnings

$925

Median Rent

$360,800

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Self storage facility - Commercial/residential investment opportunity near Otter Tail Lakes Country.

Where is this self storage facility located?

The property is located at 32194 County Highway 14 Richville, MN.

What is the asking price?

The asking price for this property is $599,900.

What are key features of this property?

This property features: Projected NOI of $51,000 for 2025, representing a strong investment opportunity.; Nine individual storage units (20x40) with overhead doors, power, openers, and lights.; Four seasonal camper pad sites, each with electricity, high‑speed internet, picnic table, fire pit, and storage shed.