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View of Commercial Sale at 3055 3rd Street, Waite Park MN 56387, Waite Park - Mike Wilen | Minnesota Team Real Estate

ACTIVE

COMMERCIAL SALE

$350,000

3055 3rd Street

Waite Park MN 56387

Information

Investment opportunity in the St. Cloud metro. This Waite Park self-storage facility features 32 units on 0.46 acres, built in 2002 with 6,900 rentable SF. The unit mix includes 10 (10x10), 6 (10x20), 8 (10x25), 6 (10x30), and 2 (10x50) units, covering a wide range of tenant needs. All units feature roll-up doors, steel construction, and concrete floors. The fully fenced property includes an electronic gate system with a control box upgraded in 2025, along with recent fence repairs and gate loop replacement ($10,250 in capital improvements completed by the seller). Currently 80.6% occupied with consistent rental income and a strong value-add profile. Rents on several unit sizes are below local market rates, creating meaningful upside through rent adjustments alone with no capital investment required. Two 10x50 units have moveable interior walls already on-site and can be split into smaller units, adding additional revenue and units. A property tax reassessment is in progress with potential savings. Low-overhead, owner-operated model with all tenants paying via credit card. Ideal for a self-managing investor looking for cash flow and upside in a growing central Minnesota market.

Property Details

Beds
Baths
Sq Ft
Year Built
2002
Property Type
Commercial Sale
Subtype
Acres
0.46
County
Stearns
Waterfront
No
Waterfront View
Waterfront Feet
Water Body
Parking
0
HOA Fee
N/A
Updated
8 D AGO
List Date
7/3/2026

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View of Commercial Sale at 3055 3rd Street, Waite Park MN 56387, Waite Park (2 of 16) - Mike Wilen | Minnesota Team Real EstateView of Commercial Sale at 3055 3rd Street, Waite Park MN 56387, Waite Park (3 of 16) - Mike Wilen | Minnesota Team Real EstateView of Commercial Sale at 3055 3rd Street, Waite Park MN 56387, Waite Park (4 of 16) - Mike Wilen | Minnesota Team Real EstateView of Commercial Sale at 3055 3rd Street, Waite Park MN 56387, Waite Park (5 of 16) - Mike Wilen | Minnesota Team Real EstateView of Commercial Sale at 3055 3rd Street, Waite Park MN 56387, Waite Park (6 of 16) - Mike Wilen | Minnesota Team Real EstateView of Commercial Sale at 3055 3rd Street, Waite Park MN 56387, Waite Park (7 of 16) - Mike Wilen | Minnesota Team Real EstateView of Commercial Sale at 3055 3rd Street, Waite Park MN 56387, Waite Park (8 of 16) - Mike Wilen | Minnesota Team Real EstateView of Commercial Sale at 3055 3rd Street, Waite Park MN 56387, Waite Park (9 of 16) - Mike Wilen | Minnesota Team Real EstateView of Commercial Sale at 3055 3rd Street, Waite Park MN 56387, Waite Park (10 of 16) - Mike Wilen | Minnesota Team Real EstateView of Commercial Sale at 3055 3rd Street, Waite Park MN 56387, Waite Park (11 of 16) - Mike Wilen | Minnesota Team Real EstateView of Commercial Sale at 3055 3rd Street, Waite Park MN 56387, Waite Park (12 of 16) - Mike Wilen | Minnesota Team Real EstateView of Commercial Sale at 3055 3rd Street, Waite Park MN 56387, Waite Park (13 of 16) - Mike Wilen | Minnesota Team Real EstateView of Commercial Sale at 3055 3rd Street, Waite Park MN 56387, Waite Park (14 of 16) - Mike Wilen | Minnesota Team Real EstateView of Commercial Sale at 3055 3rd Street, Waite Park MN 56387, Waite Park (15 of 16) - Mike Wilen | Minnesota Team Real EstateView of Commercial Sale at 3055 3rd Street, Waite Park MN 56387, Waite Park (16 of 16) - Mike Wilen | Minnesota Team Real Estate

Listed by: RE/MAX Results