Building Details

Year Built 2002

Buildings 2

Listing Agency: Argus Self Storage Advisors

Listed By: Tom Flannigan · License #40347633

Source: Crexi

Added: Jun 1 Changed: Sep 12 Last Checked: Sep 14 at 8:51AM

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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.

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

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Current Use

Herman Mini Storage Storage Facility

Suggested Use

Top Pick Auto Parts Store Garden Center (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Pharmacy Barber Shop

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

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

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this self storage facilities located? What is the asking price? Find similar properties What are key features of this property?

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