210 FIFTH ST E, Herman, MN 56248

Building Details

Year Built

2002

Listing agent Tom Flannigan License #40347633

Listing office Argus Self Storage Advisors

Listing date Jun 1, 2026

Source Crexi

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Overview

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.

Suggested Use

Restaurant Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Pharmacy Auto Parts Store Garden Center Storage Facility

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

Location Insight

• Map
• Local Demand

City

Herman

County

Grant

State

Minnesota

Longitude

-96.147067

Latitude

45.807064

FAQs

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