205 12th 5th SW St Elysian, MN 56028-9618
- Industrial properties
- 9,600 SF
- 0.77 lot acres
Current Use by Public Records
- Elysian Self Storage / Self-Storage Facility
- The Rusty Flamingo / Home Goods Store
- Anabela / Beauty Salon
Property Details for 205 12th 5th SW St
- Year built
- 2002
- Construction
- WOOD
- Lot size
- 0.77 lot acres
- Property size
- 9,600 SF
- Property type
- Industrial properties
- Property subtype
- Industrial live-work properties
- APN
- 16.410.1020
- APU
- 164101020
Description
This exceptional investment opportunity in Elysian, Minnesota, presents a 2-acre mixed-use property ideally situated just 25 minutes east of Mankato. The property boasts fully rented, high-demand self-storage units, generating immediate income. A significant asset is a large 3600 sq ft building with potential rental income exceeding $3000 per month. Further enhancing the property's value is a substantial 60' x 60' machine shed, offering versatile rental options for boats, RVs, or commercial use. The property also includes a former daycare/nursery, presenting an opportunity for restoration or redevelopment to expand commercial potential. The property's location near five busy lakes caters to the high demand for boat and recreational vehicle storage. Its convenient highway access and existing infrastructure provide a "plug-and-play" advantage, allowing for immediate expansion and increased return on investment. The asking price is $849,000. Significant expansion potential exists, with the possibility of adding multiple large buildings or numerous smaller storage units on the ample land. This property offers a rare blend of immediate income and substantial future growth potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elysian
- County
- Le Sueur
- State
- Minnesota
- Longitude
- -93.6826
- Latitude
- 44.1977
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
