Self-Storage Unit with
New
For Sale
$69,900
9656 County Road 16, Pequot Lakes, MN 56472
Commercial Sale, Pequot Lakes, MN
Property Size864 SF
Lot Size2.89 Acres
Price / SF$80.90
Days on Market7
Property Features for 9656 County Road 16
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business/Commercial
Parking features
Driveway
Lot features
Irregular Lot, Tree Coverage - Light, Underground Utilities
High school district
Pequot Lakes
Directions
Storage unit 12 is located at the junction of County Road 16 and County Road 39 in Ideal Township. The development has the address of 9656 County Road 16.
Standard status
Active
APN
680224400EA0009
Lot size
2.89 Acres
Taxes and HOA fees
Tax Year
2026
Amenities
security system
locked entrance gate
snowplowing
Building Details
Year built
2014
Roof type
Metal
Listing Agency:
Keller Williams Realty Professionals/Larson Group Real Estate
(218) 692-6920
Listed By:
Bruce Larson
(218) 454-4300
Added: Sep 29
Last Checked: Oct 5 at 2:06PM
MLS# 7148341
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.
Investment Insights
Based on property information with market context.
Unit 12 is an 864-square-foot self-storage space measuring 24 by 36 feet, built in 2014. Its features include a 10-foot-high garage door with a LiftMaster opener, lighting, outlets, a separate service door, and a mezzanine with stairs. The seller can alter or remove the mezzanine to accommodate a buyer’s storage configuration.
The unit is part of a gated facility at 9656 County Road 16 in Pequot Lakes. The property has blacktop drive aisles, and each unit includes a security system and a 3-foot concrete apron. Facility services and carrying costs are covered through an association fee; the 2026 annual amount is omitted.
The unit is part of a gated facility at 9656 County Road 16 in Pequot Lakes. The property has blacktop drive aisles, and each unit includes a security system and a 3-foot concrete apron. Facility services and carrying costs are covered through an association fee; the 2026 annual amount is omitted.
Key Highlights
- 864 SF unit measuring 24 x 36 feet
- 10‑foot‑high door with LiftMaster opener
- Mezzanine with stairs; seller can modify or remove it
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,147
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$122,940
$122.9K
Cap Rate 7%
$87,814
$87.8K
Cap Rate 9%
$68,300
$68.3K
Market Conditions
NOI Build-Up for 864 SF
Gross rent
$7.5K $8.71/SF
− Vacancy
−$293 −$0.34/SF
EGI
$7.2K $8.37/SF
− OpEx
−$1.1K −$1.26/SF
NOI
$6.1K $7.11/SF
Area
Crow Wing County, MN
Vacancy
3.90%
Lease Rate
$8.71 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$122,940
Cap Rate 7%
$87,814
Cap Rate 9%
$68,300
Alternative Uses
Best Use
Self Storage
$108.3K
$94.8K – $126.4K
NOI $7,584 @ 7.0% cap · market cap 10.85%
Second Best
Warehouse
$87.8K
$76.8K – $102.5K
NOI $6,147 @ 7.0% cap · market cap 8.79%
Theoretical Best
Office A
$183.4K
$160.5K – $214.0K
NOI $12,840 @ 7.0% cap · market cap 18.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Explore this area
Business Placement
Demographics for 56472, MN
8,315
Population
6,212
Households
1.3
Avg Household Size
46
Median Age
34%
College-Educated
96%
High-School Grad
154.9 sq mi
ZIP Area
54
Density / Sq Mi
$81,938
Median Household Income
$42,052
Median Earnings
$848
Median Rent
$299,900
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - A gated storage facility offers individual units with lighting, electrical outlets, and separate service doors.
Where is this self storage facility located?
The property is located at 9656 County Road 16 Pequot Lakes, MN.
What is the asking price?
The asking price for this property is $69,900.
What are key features of this property?
This property features: 864 SF unit measuring 24 x 36 feet; 10‑foot‑high door with LiftMaster opener; Mezzanine with stairs; seller can modify or remove it
