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Drive-Up Self-Storage Facility
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301 Rezin Ave, Albert Lea, MN 56007

Fenced, gated storage property with online leasing, surveillance, and convenient corridor access.

Property Size123,275 SF
Price / SF$11.36
Days on Market161

Property Features for 301 Rezin Ave

General Information

Standard status Active
Size 123,275 SF
Property subtype Self Storage
Occupancy 78%
Net Operating Income $88,517

Site & Location

Highway Access Yes
Fenced Yard Yes
Outdoor Storage Yes

Building Details

Year Built 1989
Buildings 7
Units 151
Listing Agency: Argus Self Storage Advisors
Listed By: Tom Flannigan · License #40347633
Source: Crexi
Added: Mar 24 Changed: Aug 30 Last Checked: Aug 30 at 7:55PM

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

Investment Insights

Based on property information with market context.

This self-storage facility contains approximately 26,000 rentable square feet, with most units configured in 10-by-10 and 10-by-20 formats. Drive-up access supports straightforward tenant use, while fencing, controlled gates, and surveillance cameras provide site security. The property was built in 1989 and is currently operating at approximately 78% physical occupancy, with economic occupancy in the mid-90% range.

Located at 301 Rezin Ave in Albert Lea, Minnesota, the facility sits just off Highway 65, providing access for residential and commercial users. Outdoor parking areas are currently being used for storage. Operations are supported by Easy Storage Solutions software, including online tenant rental and payment capabilities and remote management functionality.

Key Highlights

  • Approximately 26,000 rentable SF of self‑storage space
  • Primarily 10x10 and 10x20 drive‑up units
  • Approximately 78% physical occupancy; economic occupancy in the mid‑90% range

Property Analytics

Current Use

Self storage facilities

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Pharmacy HVAC Service Spa & Massage Center

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

78%
Occupancy
Yes
Fenced yard
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

149
Businesses Nearby

Demographics for 56007, MN

21,434
Population
9,873
Households
2.2
Avg Household Size
43
Median Age
18%
College-Educated
88%
High-School Grad
169.3 sq mi
ZIP Area
127
Density / Sq Mi
$66,479
Median Household Income
$43,867
Median Earnings
$843
Median Rent
$161,100
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
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Frequently Asked Questions

What type of property is this?
Self storage facility - Fenced, gated storage property with online leasing, surveillance, and convenient corridor access.
Where is this self storage facility located?
The property is located at 301 Rezin Ave Albert Lea, MN.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Approximately 26,000 rentable SF of self‑storage space; Primarily 10x10 and 10x20 drive‑up units; Approximately 78% physical occupancy; economic occupancy in the mid‑90% range
More about this property
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