3055 3rd Street S Waite Park, MN 56387
New
Commercial - Waite Park, MN
Property size:
6,900 SFLot size:
0.46 AcresPrice / SF:
$50/SF- Added:
- Apr 30, 2026
- Days on Market:
- 1
- Last Refresh:
- Apr 30 at 6:06 pm
Property Features for 3055 3rd Street S
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Business/Commercial,Industrial
- Parking features
- Driveway, Secured
- Exterior features
- Metal
- Standard status
- Active
- APN
- 98608240114
- Size
- 6,900 SF
- Lot size
- 0.46 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9758
Utilities
- Heating system
- None (Heating)
Building Details
- Year built
- 2002
- Architectural style
- Other
Listing agent Jadde Rowe-Laudenbach (320) 250-9466
Listing office RE/MAX Results 11200 W 78th Street, Eden Prairie, MN (952) 829-2900
Listing date Apr 30, 2026
MLS# 7048002
Listing URL
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Waite Park Self-Storage Investment
This self-storage facility in Waite Park, Minnesota, presents an investment opportunity within the St. Cloud metro area. Constructed in 2002, the property includes two buildings on 0.46 acres, offering 6,900 rentable square feet across 32 units. The unit mix is diverse, featuring 10 units at 10x10, 6 units at 10x20, 8 units at 10x25, 6 units at 10x30, and 2 units at 10x50, accommodating various tenant storage needs. Each unit is built with steel construction, concrete floors, and roll-up doors. The property is fully fenced and equipped with an electronic gate system. The control box for this system is slated for an upgrade in 2025. Recent capital improvements include fence repairs and gate loop replacement, totaling $10,250. Currently, the facility is 80.6% occupied, generating consistent rental income. There is potential for increased revenue through rent adjustments, as several unit sizes are priced below local market rates. The two 10x50 units have moveable interior walls already on-site, which allows for the creation of smaller units to further increase revenue. A property tax reassessment is in progress, potentially leading to savings. The facility operates on a low-overhead, owner-operated model, with all tenants paying via credit card. This property is suited for a self-managing investor seeking cash flow and upside in the growing central Minnesota market. Permitted uses for the property fall under business, commercial, and industrial zoning.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Self storage facilities
Location Insight
- Map
- Local Demand
- City
- Waite Park
- County
- Stearns
- State
- Minnesota
- Longitude
- -94.196582
- Latitude
- 45.558883
Nearby Similar for Sale
FAQs
What type of property is this?
Self storage facility - Self-storage facility with income and value-add potential.
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: Strong Value‑Add Profile: Rents are below market rates, offering immediate upside potential through rent adjustments.; Consistent Rental Income: Currently 80.6% occupied, providing a reliable cash flow stream.; Recent Capital Improvements: $10,250 spent on fence repairs and gate loop replacement, including a control box upgraded in 2025.
