Self-Storage Facility with Outdoor
24060 GREENWAY RD, Forest Lake, MN
For Sale
Contact for pricing
A mixed-format storage operation includes drive-up units, outdoor vehicle parking, and leased retail/flex space.
Property Size56,900 SF
Lot Size15.50 Acres
Price / SF$86.12
Days on Market29
Property Features for 24060 GREENWAY RD
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Site & Location
Road Access
Outdoor Storage
Additional Details
Self-Storage Units
Tenant in Place
Property Use
Building Details
Year Built
Listing Agency:
Argus Self Storage Advisors
Listed By:
Tom Flannigan · License MN #40347633
Source:
Crexi
Added: Oct 13
Changed: Nov 8
Last Checked: Nov 8 at 4:59PM
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
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Investment Insights
Based on property information with market context.
This 15.5-acre self-storage property contains 278 units across 56,900 NRSF. Its improvements include 41,950 SF of drive-up storage, 8,950 SF of outdoor parking, and 6,000 SF of retail/flex space leased to two tenants. The original buildings date to 2005, with later additions completed in 2020 and 2021.
The property fronts Highway 8 at the north end of Forest Lake. Highway 8 connects I-35 and the Twin Cities with the Chisago Lakes area and western Wisconsin, and carries more than 22,000 vehicles per day. The five-mile trade area has approximately 33,000 residents, with 75% owner-occupied housing. Lakes and recreational activity in the region contribute to demand for boat, RV, and vehicle storage.
Economic occupancy is 99%, while occupancy by square footage is 97%. The source identifies tenant protection programs, leasing remaining parking spaces, and additional storage buildings as potential avenues for growth.
The property fronts Highway 8 at the north end of Forest Lake. Highway 8 connects I-35 and the Twin Cities with the Chisago Lakes area and western Wisconsin, and carries more than 22,000 vehicles per day. The five-mile trade area has approximately 33,000 residents, with 75% owner-occupied housing. Lakes and recreational activity in the region contribute to demand for boat, RV, and vehicle storage.
Economic occupancy is 99%, while occupancy by square footage is 97%. The source identifies tenant protection programs, leasing remaining parking spaces, and additional storage buildings as potential avenues for growth.
Key Highlights
- 15.5‑acre site with 278 units across 56,900 NRSF
- 41,950 SF of drive‑up storage, 8,950 SF of outdoor parking, and 6,000 SF of retail/flex space
- Retail/flex space is leased to 2 tenants
Property Analytics
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Open Analytics
Current Use
Lease Details
97%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
781
Businesses Nearby
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Business Placement
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Self storage facility - A mixed-format storage operation includes drive-up units, outdoor vehicle parking, and leased retail/flex space.
Where is this self storage facility located?
The property is located at 24060 GREENWAY RD Forest Lake, MN.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: 15.5‑acre site with 278 units across 56,900 NRSF; 41,950 SF of drive‑up storage, 8,950 SF of outdoor parking, and 6,000 SF of retail/flex space; Retail/flex space is leased to 2 tenants
