24 Acres Lot
24 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7148452
Year Built 1999
Annual Tax Amount $8,384
Tax Year 2025
Contingent None
Lot Size 24.000 Acres
Lot Dimensions 791x1322
Property Description
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
Location
State MN
County Sherburne
Zoning Business/Commercial
Interior
Heating Other
Inclusions Building, Business, Land
Fireplace No
Exterior
Parking Features Detached Garage, Gravel, Asphalt, Multiple Garages, Paved Lot, Storage
Garage Spaces 323.0
Utilities Available Electric Common
Present Use Commercial,Storage Facility
Building
Lot Description Corner Lot
Story One
Foundation 85880
Sewer Private Sewer
Water Well
Level or Stories One
New Construction false
Schools
School District Becker
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