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15901 85th St NE 31,841 SF Specialty Building Offered at $5,200,000 in Elk River, MN 55330
Investment Highlights
- Explosive population growth in the trade area — Otsego is growing 3.79% annually, up 26.17% since 2020, with a median household income of $119,927
- Significant operational upside under professional management — no online rental platform, outdated website, and no revenue management program
- Prime retail-adjacent location — situated less than half a mile from the Target-anchored shopping center at 87th Street NE
- High Quality Build and Site Security — fully paved concrete and asphalt drive aisles, complete perimeter fencing with gated access
Executive Summary
Call for Offers Due: Thursday, September 3, 2026
Property Facts
| Price | $5,200,000 | Building Class | C |
| Price Per SF | $95.12 | Lot Size | 5.48 AC |
| Sale Type | Investment | Building Size | 54,670 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Self-Storage | Year Built | 2004 |
| Price | $5,200,000 |
| Price Per SF | $95.12 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 5.48 AC |
| Building Size | 54,670 SF |
| No. Stories | 1 |
| Year Built | 2004 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 118-096-001040 | Improvements Assessment | $3,509,200 |
| Land Assessment | $980,300 | Total Assessment | $4,489,500 |
Property Taxes
Parcel Number
118-096-001040
Land Assessment
$980,300
Improvements Assessment
$3,509,200
Total Assessment
$4,489,500
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