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1802 22nd Street SW - 19th Ave Storage 29,084 SF Specialty Building Offered at $1,800,000 at a 6.80% Cap Rate in Willmar, MN 56201
INVESTMENT HIGHLIGHTS
- Strong Lease up with Recent Expansion: Opened in 2024 and expanded in August 2025, the property is already stabilized at 87%+ occupancy.
- Modern Secure Amenities: Fenced and gated with 16 surveillance cameras and PDK key pad access.
- Additional Expansion Options: Site plans obtained for up to 24,000 SF expansion with oversized ponding in place for future buildings.
- Strong Demographics: Average household incomes of $104,000 within a 1 mile radius.
EXECUTIVE SUMMARY
19th Ave Storage is a well-maintained, recently built and expanded self storage facility located in Willmar, Minnesota. The property opened in 2024 and was expanded upon in August 2025, with further room to grow. It boasts an impressive 87% occupancy rate reflecting strong local demand and tenant satisfaction. The facility is located less than six minutes from the heart of Willmar, making it a convenient option for residents and businesses seeking secure, accessible storage solutions. 19th Ave Storage was built with modern secure amenities in mind including; fence, gate, surveillance cameras and key pad only entry. The facility also offers a 4,224 square foot heated warehouse with powered overhead doors.
The current owner has obtained site plans for the property’s Phase 3 expansion for an approximate additional 24,000 square feet, with oversized ponding already in place. 19th Ave Storage offers both immediate cash flow and future development potential in a strategic and growing location. This presents a valuable growth opportunity for investors or operators looking to capitalize on the area’s rising storage needs.
The current owner has obtained site plans for the property’s Phase 3 expansion for an approximate additional 24,000 square feet, with oversized ponding already in place. 19th Ave Storage offers both immediate cash flow and future development potential in a strategic and growing location. This presents a valuable growth opportunity for investors or operators looking to capitalize on the area’s rising storage needs.
PROPERTY FACTS Under Contract
| Price | $1,800,000 | Building Class | B |
| Price Per SF | $61.89 | Lot Size | 5.39 AC |
| Sale Type | Investment | Building Size | 29,084 SF |
| Cap Rate | 6.80% | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 2024/2025 |
| Property Subtype | Self-Storage |
| Price | $1,800,000 |
| Price Per SF | $61.89 |
| Sale Type | Investment |
| Cap Rate | 6.80% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 5.39 AC |
| Building Size | 29,084 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2024/2025 |
AMENITIES
- Controlled Access
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PROPERTY TAXES
| Parcel Number | 95-921-5857 | Improvements Assessment | $720,300 |
| Land Assessment | $209,700 | Total Assessment | $930,000 |
PROPERTY TAXES
Parcel Number
95-921-5857
Land Assessment
$209,700
Improvements Assessment
$720,300
Total Assessment
$930,000
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1802 22nd Street SW - 19th Ave Storage
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