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Drive-Up Self Storage Facility

22540 185TH ST, Audubon, MN 56511

For Sale
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Two steel buildings provide large-format storage, with electrical outlets in about half of the units.

Property Size15,480 SF
Lot Size2.33 Acres
Price / SF$38.76
Days on Market42

Property Features for 22540 185TH ST

General Information

Standard status Active
Size 15,480 SF
Lot size 2.33 Acres
Property subtype Self Storage
Occupancy 81%

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Asking Price $600,000
Self-Storage Units 43
Property Use Self Storage

Building Details

Buildings 2
Construction steel
Listing Agency: Argus Self Storage Advisors
Listed By: Tom Flannigan · License MN #40347633
Source: Crexi
Added: Sep 29 Changed: Nov 8 Last Checked: Nov 8 at 5:30PM

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

Rey
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Investment Insights

Based on property information with market context.

This drive-up self storage property comprises two all-steel buildings totaling 15,480 rentable square feet on 2.33 acres. Built in 2016 and 2021, the buildings contain 12-by-30-foot units with metal partitions; about half have electrical outlets. The 9 condo units nearest the highway are excluded from the sale. Occupancy is approximately 81%, and power is not billed separately.

The property is located off US Highway 10 in Audubon, Minnesota, with highway-frontage signage included. The corridor carries about 12,270 vehicles per day. Audubon is approximately 8 miles west of Detroit Lakes and 40 miles east of Fargo-Moorhead.

Key Highlights

  • Two all‑steel buildings total 15,480 rentable square feet on 2.33 acres
  • 2016 building: 7,920 SF; 2021 building: 7,560 SF
  • Drive‑up units measure 12×30 feet; metal partitions are included

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

U Store Lock ... Storage Facility

Suggested Use

Top Pick HVAC Service Auto Repair Shop Storage Facility Bed & Breakfast Restaurant Hotel & Motel

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

81%
Occupancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

8
Businesses Nearby

Demographics for 56511, MN

2,192
Population
1,301
Households
1.7
Avg Household Size
45
Median Age
28%
College-Educated
94%
High-School Grad
63.6 sq mi
ZIP Area
34
Density / Sq Mi
$87,375
Median Household Income
$48,652
Median Earnings
$950
Median Rent
$373,300
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

Frequently Asked Questions

What type of property is this?
Self storage facility - Two steel buildings provide large-format storage, with electrical outlets in about half of the units.
Where is this self storage facility located?
The property is located at 22540 185TH ST Audubon, MN.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two all‑steel buildings total 15,480 rentable square feet on 2.33 acres; 2016 building: 7,920 SF; 2021 building: 7,560 SF; Drive‑up units measure 12×30 feet; metal partitions are included
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