Self-Storage Facility with 33
For Sale
Contact for pricing
210 FIFTH ST E, Herman, MN 56248
33-unit storage facility in Herman, Minnesota, operating itself with existing management suited for remote ownership.
Property Size4,500 SF
Price / SF$64.22
Days on Market61
Property Features for 210 FIFTH ST E
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Self Storage
Additional Details
Business Included
Yes
Building Details
Year Built
2002
Listing Agency:
Argus Self Storage Advisors
Listed By:
Tom Flannigan · License #40347633
Source:
Crexi
Added: Jun 1
Changed: Jul 10
Last Checked: Jul 31 at 1:34PM
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.
Herman Mini Storage is a 33-unit self-storage facility totaling approximately 4,500 square feet. The property is described as stabilized and cash-flowing, with day-to-day operations handled through existing management infrastructure. The seller states the facility is operating with near-full occupancy and has achieved that performance without paid advertising, relying on local word-of-mouth demand.
Located in Herman, Minnesota at 210 Fifth St E, the asset is positioned for operators seeking a straightforward storage business. The seller indicates the opportunity includes the ability for remote ownership from day one, supported by the existing management setup already in place.
For buyers looking for a low-friction entry into self-storage, this offering is presented as an actively managed operation that can potentially reduce the need for in-person oversight. The seller also notes a willingness to explore seller financing, which may provide additional flexibility for qualifying purchasers. The seller further describes the Herman market as having limited self-storage competition, and states that rate upside exists relative to comparable facilities in the region, supporting the expectation of sustained performance.
Located in Herman, Minnesota at 210 Fifth St E, the asset is positioned for operators seeking a straightforward storage business. The seller indicates the opportunity includes the ability for remote ownership from day one, supported by the existing management setup already in place.
For buyers looking for a low-friction entry into self-storage, this offering is presented as an actively managed operation that can potentially reduce the need for in-person oversight. The seller also notes a willingness to explore seller financing, which may provide additional flexibility for qualifying purchasers. The seller further describes the Herman market as having limited self-storage competition, and states that rate upside exists relative to comparable facilities in the region, supporting the expectation of sustained performance.
Key Highlights
- 33‑unit mini storage facility in Herman, Minnesota
- 4,500 SF storage property built in 2002
- Near‑full occupancy reported, with no paid advertising
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Explore this area
Business Placement
Demographics for 56248, MN
684
Population
437
Households
1.6
Avg Household Size
50
Median Age
23%
College-Educated
94%
High-School Grad
137.5 sq mi
ZIP Area
5
Density / Sq Mi
$82,031
Median Household Income
$35,809
Median Earnings
$548
Median Rent
$177,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - 33-unit storage facility in Herman, Minnesota, operating itself with existing management suited for remote ownership.
Where is this self storage facility located?
The property is located at 210 FIFTH ST E Herman, MN.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 33‑unit mini storage facility in Herman, Minnesota; 4,500 SF storage property built in 2002; Near‑full occupancy reported, with no paid advertising
