, Saint Michael, MN 55376 (MLS# 6786822)

Saint Michael, MN 55376

$2,200,000
Property Type: Commercial Square Footage: 20,750 Lot Size (sq. ft.): 70,132 Status: Closed
Current Price: $2,200,000 List Date: 9/11/2025 Last Modified: 2/10/2026

Overview

Description

Excellent investment opportunity in the high-demand northwest metro! This St. Michael mini storage facility features 5 well-maintained buildings with 144 rental units, situated on 1.6 acres directly abutting Hwy 241, providing outstanding visibility and access. With an average 95% occupancy, this property offers strong & consistent income. The unit mix includes 15 (5x10x8), 49 (10x10x8), 49 (10x15x8), and 31 (10x25x8) units, meeting a wide variety of customer needs. Three buildings were constructed in 2014 and two in 2018, ensuring modern, low-maintenance infrastructure. St. Michael's growing community, located between Mpls and St.Cloud benefits from steady population growth, strong household incomes and easy access to I-94-driving demand for storage solutions. In addition to rental income, the facility partners with U-Haul, creating an additional revenue stream and value add for customers. This is a rare opportunity to acquire a stabilized, income-producing property in a thriving corr ...

Listing Details MLS# 6786822

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
5
Waterfront YN
No
Year Built
2014
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
20750
Garage Stalls
129
For Sale or Lease
For Sale
Acres
1.61
Lot Dimensions
188x466x112x470

Property Features

Accessible: None Basement: None CMU Style: Storage Unit Construction Status: Previously Owned Current Use: Storage Facility Exterior: Brick Veneer; Metal; Vinyl Fencing: None Financing Terms: Cash Foundation: Slab Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Special Funding Lock Box Type: None On Site Utilities: Electric Common Overhead Door Clearance: 0-9 Feet Owner Pays: All Utilities; Exterior Maintenance; Grounds Care; HVAC Maintenance; Insurance; Janitorial Service; Janitorial Service; Lawn; Lawn; Maintenance/Repair; Management; Repairs; Roof Maintenance; Security; Snow Removal; Taxes Parking Characteristics: Parking Lot Roof: Age 8 Years or Less; Age Over 8 Years; Asphalt Shingles; Pitched Sewer: City Sewer/Connected Stories: One Water: City Water/Connected

Contract Information

Off Market Date
2026-02-10
Closed Date
2026-02-10
Sales Close Price
2200000
Contingency
None
ListPrice
2495000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

Postal City
Saint Michael
County
Wright
State
MN
Zip Code
55376
Complex/Dev/Subdivision
Superior Storage

Assessments

Tax With Assessments
43522

Building Information

Building Finished SqFt
20750
Building SqFt
20750
Ceiling Height
8-10

More Information

Income and Expenses

Annual Gross Expenses
17000
Annual Gross Income
234696
Total Annual Expenses
17000

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
20750

Public Survey Info

Range#
24
Section#
12
Township#
120

Sale Options

Sale Includes
Building, Business Assets, Business, Land

Unit Details

Total Units
144
IDX
Listing Office: Edina Realty, Inc.
Last Updated: February - 10 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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