USAMNWaite ParkSauk River Park Add3055 3Rd St S
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$350,000

For Sale

9 days ago

3055 3Rd St S, Waite Park, MN

House

MLS® 7048002

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Business
Levels Commercial Sale
Size -
Garage 
Taxes $9,758
Days Active 9
Lot Size 
Approx. Age 2002
MLS® Number 7048002

Property Address: 3055 3rd St S, Waite Park, MN, 56387-2010

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number7048002
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2002
Basement
DrivewayAsphalt, Secured
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 30, 2026List Date
$350,000List Price
  • Commute

Commute

Starting Address
Destination Address
3055 3Rd St S, Waite Park, MN

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