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For Sale:  Clear Lake MLS# 7148452

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Active NEW!
$1,000,000
/mo Edit
Commercial:  1 Story
Built 1999
24 acres
Becker schools
MLS# 7148452
612-201-2213
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    Property Description

    Becker Storage Services presents an attractive opportunity to acquire a stabilized boat and vehicle storage facility in Clear Lake, Minnesota, featuring 323 boat and RV storage units totaling approximately 85, 880 NRSF, complemented by 16 traditional drive-up storage units. The property is currently operating at full occupancy within its boat and vehicle valet storage component, demonstrating strong demand for seasonal storage solutions. With rental rates estimated to be approximately 120% below market for seasonal storage, the asset offers significant revenue growth potential through professional management, pricing optimization, and improved operational strategies. Situated on a 24.65-acre site, Becker Storage Services provides substantial long-term flexibility through additional land available for expansion or future improvements. The property includes an on-site rental home, office, solar array, and drive-up storage facilities, creating a fully operational storage platform with multiple revenue opportunities. Additionally, the seller is willing to remain involved and provide operational training to ensure a smooth ownership transition. With projected Year 2 and Year 5 cap rates of 11% and 15%, respectively, the property offers investors an opportunity to acquire a unique, cash-flowing storage asset with strong upside potential and long term value creation

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $1,000,000
    Property Type: Commercial
    City: Clear Lake
    Garage Spaces: 323
    County: Sherburne
    Year Built: 1999
    State: MN
    Property Style: 1 Story
    Zip Code: 55319

    Exterior

    Stories: One
    Garage Spaces: 323
    Foundation Size: 85,880 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Other
    Parking Features:
    • Asphalt
    • Detached Garage
    • Gravel
    • Multiple Garages
    • Paved Lot
    • Storage
    Road Frontage: County Road

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 24
    Geolocation: 45.532479, -93.849594
    Inclusions: Building, Business, Land
    Lot Dimensions: 791 x 1322
    Zoning: Business/Commercial
    Lot Description: Corner Lot

    Farm

    Topography: Level

    Schools

    School District: 726
    District Phone: 7632614502

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $8,384
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $8,384

    Units

    Total Units: 323

    Miscellaneous

    Current Use:
    • Commercial
    • Storage Facility
    Fuel System: Propane
    Sewer System: Private Sewer
    Available Utilities: Electric Common
    Water System: Well

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of RE/MAX Results - Nisswa.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.