48349 Luce St, Perham, MN 56573
This exceptional investment opportunity presents four distinct commercial storage buildings situated on Luce Street in Perham, Minnesota. Conveniently located off County Highway 60, these units offer easy access to US Highway 10, placing them within a short five-mile radius of Perham, Frazee, and Vergas. The buildings are constructed with durable steel exteriors and feature cement slabs with aprons. Each unit includes basic electrical service and a stick-built framework. Sizes range from 36x48 square feet to a substantial 48x80 square feet, catering to a variety of storage needs. The base price of $86,400 applies to the 36x48-foot building. Buyers have the flexibility to customize their units with a range of add-on options, including finished interior walls, various heating systems, and enhanced security features. This property is part of a common interest community, ensuring low association costs and streamlined management. The strategic location and adaptable design make this an ideal investment for entrepreneurs, businesses, or individuals seeking secure and accessible storage solutions. The property's proximity to major transportation routes ensures convenient access for clients and efficient logistics. This is a rare opportunity to acquire high-quality commercial storage space in a thriving area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.