Building Details

Year Built 1975

Units 76

Listing Agency: Argus Self Storage Advisors

Listed By: Tom Flannigan · License #40347633

Source: Crexi

Added: Mar 2 Changed: Aug 15 Last Checked: Aug 20 at 12:20AM

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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 Argus Self Storage Advisors

Investment Insights

Based on property information with market context.

This is a self-storage portfolio located in New Richland, Minnesota. The property has a total size of 78408 square feet and is currently 96% occupied.

Key Highlights

• 96% Occupied
• Self Storage Portfolio
• Located in New Richland, MN

Property Analytics

Property Profile

Current Use

New Richland Storage Storage Facility

Suggested Use

Top Pick Building Supply Dental Office Electrical Service Auto Repair Shop Grocery & Convenience Store (Bike/Boat/Book/etc) Store

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

116

Businesses Nearby

Explore this area Business Placement

Demographics for 56072, MN

2,401

Population

1,034

Households

2.3

Avg Household Size

45

Median Age

19%

College-Educated

95%

High-School Grad

121.0 sq mi

ZIP Area

20

Density / Sq Mi

$77,917

Median Household Income

$42,679

Median Earnings

$775

Median Rent

$200,000

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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What type of property is this? Where is this self storage facilities located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Self storage facility - Self-storage portfolio in New Richland, Minnesota, with high occupancy.

Where is this self storage facility located?

The property is located at 600 State Hwy 13 New Richland, MN.

What is the asking price?

The asking price for this property is $640,000.

What are key features of this property?

This property features: 96% Occupied; Self Storage Portfolio; Located in New Richland, MN