FlexSpace Storage Units For
For Sale
Contact for pricing
222nd St W, Lakeville, MN
FlexSpace storage units suitable for various uses, coming in 2026.
Property Size1,125 SF
Lot Size20.02 Acres
Price / SF$173.33
Days on Market336
Property Features for 222nd St W
General Information
Standard status
Active
Size
1,125 SF
Lot size
20.02 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Obsidian Group
(651) 249-3712
Listed By:
Ethan Finger
(507) 581-3479
Source:
Moodyscre
Added: Nov 3, 2025
Changed: Sep 5
Last Checked: Oct 4 at 9:09AM
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 Obsidian Group
Investment Insights
Based on property information with market context.
FlexSpace storage units are available for purchase, offering versatile solutions for car enthusiasts, mechanics, hobbyists, and business owners. These units can be used for storing RVs or boats, providing remote office space, or simply offering additional storage. Midwest FlexSpace Lakeville is upcoming, with 98 units planned for completion in 2026.
Key Highlights
- Versatile FlexSpace units ideal for RV/boat storage, remote office, or extra storage.
- Ideal for car enthusiasts, mechanics, hobbyists, and business owners.
- New units coming to Lakeville in 2026.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,222
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,440
$244.4K
Cap Rate 7%
$174,600
$174.6K
Cap Rate 9%
$135,800
$135.8K
Market Conditions
NOI Build-Up for 1,125 SF
Gross rent
$18.2K $16.20/SF
− Vacancy
−$765 −$0.68/SF
EGI
$17.5K $15.52/SF
− OpEx
−$5.2K −$4.66/SF
NOI
$12.2K $10.86/SF
Area
Dakota County, MN
Vacancy
4.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,440
Cap Rate 7%
$174,600
Cap Rate 9%
$135,800
Alternative Uses
Best Use
Industrial
$174.6K
$152.8K – $203.7K
NOI $12,222 @ 7.0% cap · market cap 6.27%
Second Best
Self Storage
$153.9K
$134.7K – $179.6K
NOI $10,773 @ 7.0% cap · market cap 5.52%
Theoretical Best
Healthcare Medical
$276.8K
$242.2K – $323.0K
NOI $19,379 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
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Business Placement
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Self storage facility - FlexSpace storage units suitable for various uses, coming in 2026.
Where is this self storage facility located?
The property is located at 222nd St W Lakeville, MN.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Versatile FlexSpace units ideal for RV/boat storage, remote office, or extra storage.; Ideal for car enthusiasts, mechanics, hobbyists, and business owners.; New units coming to Lakeville in 2026.
