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Gopher State Storage Facility
For Sale
Contact for pricing

15656 EDISON ST NW, Elk River, MN 55330

Drive-up storage units occupy a paved, fenced property with keypad-controlled entry and online rental capabilities.

Property SizeContact for details
Days on Market8

Property Features for 15656 EDISON ST NW

General Information

Standard status Active
Property subtype Self Storage
Occupancy 93%

Site & Location

Highway Access Yes
Road Access Yes
Fenced Yard Yes

Amenities

keypad gate access

Building Details

Stories 1
Listing Agency: Argus Self Storage Advisors
Listed By: Tom Flannigan · License #40347633
Source: Crexi
Added: Sep 10 Changed: Sep 16 Last Checked: Sep 16 at 2:42PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Argus Self Storage Advisors

Investment Insights

Based on property information with market context.

Gopher State Storage is a self-storage facility with single-story drive-up units on a fully paved, perimeter-enclosed site. Keypad entry supports controlled access, while storEDGE provides online rentals and immediate gate-code delivery. The operating platform is already in place for remote customer transactions and facility management.

The property is located at the junction of U.S. Highways 10 and 169 in Elk River, within the Minneapolis MSA and 34 miles northwest of downtown Minneapolis. Its Highway 169 corridor position provides access from two regional routes and places the facility within an established transportation corridor.

Operating performance includes 93% unit occupancy and 96% square-foot occupancy. The facility also has a documented operating history with stable income and an existing digital rental system.

Key Highlights

  • 93% unit occupancy and 96% square‑foot occupancy
  • Positioned at the junction of U.S. Highways 10 and 169
  • 34 miles northwest of downtown Minneapolis

Property Analytics

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Current Use

Self storage facilities

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Plumbing Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

93%
Occupancy
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

76
Businesses Nearby

Demographics for 55330, MN

43,626
Population
16,796
Households
2.6
Avg Household Size
37
Median Age
33%
College-Educated
94%
High-School Grad
106.6 sq mi
ZIP Area
409
Density / Sq Mi
$111,481
Median Household Income
$59,332
Median Earnings
$1,356
Median Rent
$355,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Drive-up storage units occupy a paved, fenced property with keypad-controlled entry and online rental capabilities.
Where is this self storage facility located?
The property is located at 15656 EDISON ST NW Elk River, MN.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 93% unit occupancy and 96% square‑foot occupancy; Positioned at the junction of U.S. Highways 10 and 169; 34 miles northwest of downtown Minneapolis
More about this property
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