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Waite Park Self-Storage Facility
For Sale
$350,000

3055 3rd Street S, Waite Park, MN 56387

Self-storage property with 32 roll-up door units on fenced grounds, built in 2002 with concrete floors and steel construction.

Property SizeContact for details
Days on Market116

Property Features for 3055 3rd Street S

General Information

Standard status Active
Property subtype Commercial
Zoning Business/Commercial, Industrial

Taxes and HOA fees

Annual Taxes $9,758

Building Details

Year Built 2002
Units 32
Listing Agency: RE/MAX Results
Listed By: Jadde Rowe-Laudenbach · License #40776361
Source: Ivyrealestategroup
Added: Apr 30 Changed: Aug 23 Last Checked: Aug 8 at 11:22AM

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 RE/MAX Results

Investment Insights

Based on property information with market context.

This Waite Park self-storage facility includes 32 storage units totaling 6,900 rentable square feet, built in 2002. The unit mix ranges from 10x10 through 10x50 configurations, including multiple sizes such as 10x20, 10x25, and 10x30. Each unit features a roll-up door, with steel construction and concrete floors throughout the property.

The site is fully fenced and secured with an electronic gate system, including a control box upgrade completed in 2025. The seller also completed capital improvements including recent fence repairs and gate loop replacement. The property is currently 80.6% occupied.

For unit flexibility, two 10x50 units have moveable interior walls already on-site and can be split into smaller units, creating additional unit potential without adding new construction based on the information provided.

Key Highlights

  • Waite Park self‑storage built in 2002 with 32 storage units on 0.46 acres and 6,900 rentable SF
  • Unit mix: 10 (10x10), 6 (10x20), 8 (10x25), 6 (10x30), and 2 (10x50) with roll‑up doors
  • All units have steel construction and concrete floors

Property Analytics

Current Use

Self storage facilities

Suggested Use

Top Pick Locksmith Veterinary Clinic Plumbing Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,371
Businesses Nearby

Demographics for 56387, MN

7,715
Population
3,460
Households
2.2
Avg Household Size
35
Median Age
19%
College-Educated
87%
High-School Grad
8.9 sq mi
ZIP Area
867
Density / Sq Mi
$57,387
Median Household Income
$36,511
Median Earnings
$1,072
Median Rent
$230,500
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 - Self-storage property with 32 roll-up door units on fenced grounds, built in 2002 with concrete floors and steel construction.
Where is this self storage facility located?
The property is located at 3055 3rd Street S Waite Park, MN.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Waite Park self‑storage built in 2002 with 32 storage units on 0.46 acres and 6,900 rentable SF; Unit mix: 10 (10x10), 6 (10x20), 8 (10x25), 6 (10x30), and 2 (10x50) with roll‑up doors; All units have steel construction and concrete floors
More about this property
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