Building Details

Year Built 2021

Listing Agency: Edina Realty, Inc.

Listed By: Kevin Kruchten Show Phone

Source: Homesminn

Added: Sep 10 Changed: Oct 25 Last Checked: Oct 6 at 12:18AM

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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 Edina Realty, Inc.

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Investment Insights

Based on property information with market context.

This 800-square-foot cold-storage unit at Antler Business Park measures 50 x 16 and was built in 2021. The unit includes a 12 x 12 overhead door with opener, a separate service door, an in-unit electrical panel, a concrete apron, and a paved drive.

Shared building amenities include bathrooms and a kitchen area. Water is available on the east end of the building for washing items before storage. The unit also includes 1 additional Summertime outside parking spot for licensed trailers and campers. The property is located at 33703 Antler Rd Unit 2 in Cross Lake, MN.

Key Highlights

• 800‑square‑foot cold‑storage unit measuring 50 x 16
• 12 x 12 overhead door with opener and separate service door
• In‑unit electrical panel, concrete apron, and paved drive

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$7,022

Cap Rate

8.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$140,440 $140.4K

Cap Rate 7%

$100,314 $100.3K

Cap Rate 9%

$78,022 $78.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 800 SF

Gross rent

$10.6K $13.20/SF

− Vacancy

−$528 −$0.66/SF

EGI

$10.0K $12.54/SF

− OpEx

−$3.0K −$3.76/SF

NOI

$7.0K $8.78/SF

Area

Crow Wing County, MN

Vacancy

5.00%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$140,440

Cap Rate 7%

$100,314

Cap Rate 9%

$78,022

Alternative Uses

Best Use

Self Storage

$100.3K

$87.8K – $117.0K (±1% cap)

NOI $7,022 @ 7.0% cap · market cap 8.79%

Second Best

Warehouse

$81.3K

$71.2K – $94.9K (±1% cap)

NOI $5,692 @ 7.0% cap · market cap 7.12%

Theoretical Best

Office A

$169.8K

$148.6K – $198.2K (±1% cap)

NOI $11,889 @ 7.0% cap · market cap 14.88%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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

Open Analytics

Current Use

Random Bike Parts (Bike/Boat/Book/etc) Store Whitefish Log Works Construction Company Crow Wing Cycleworks Department Store

Suggested Use

Top Pick Garden Center (Bike/Boat/Book/etc) Store Building Supply HVAC Service Electrical Service Storage Facility

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

74

Businesses Nearby

Explore this area Business Placement

Demographics for 56442, MN

2,720

Population

3,415

Households

0.8

Avg Household Size

60

Median Age

34%

College-Educated

96%

High-School Grad

35.2 sq mi

ZIP Area

77

Density / Sq Mi

$85,179

Median Household Income

$45,481

Median Earnings

$1,071

Median Rent

$534,100

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 - Cold-storage unit with overhead and service doors plus shared bathrooms and kitchen.

Where is this self storage facility located?

The property is located at 33703 Antler Rd Unit 2 Crosslake, MN.

What is the asking price?

The asking price for this property is $79,900.

What are key features of this property?

This property features: 800‑square‑foot cold‑storage unit measuring 50 x 16; 12 x 12 overhead door with opener and separate service door; In‑unit electrical panel, concrete apron, and paved drive