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210 5th E st - Herman Mini Storage 4,500 SF Specialty Building Offered at $289,000 in Herman, MN 56248
Investment Highlights
- Passive Ownership Ready – Existing management infrastructure supports remote ownership from day one, with no need for an on-site operator
- Limited Local Competition – The subject market features few self-storage alternatives, supporting durable occupancy and pricing power
- No Paid Advertising – The facility has sustained near-full occupancy entirely through local word-of-mouth demand, with zero marketing spend
- Seller Financing Available – The seller is open to financing discussions, providing flexibility for buyers outside of conventional debt
Executive Summary
Herman Mini Storage represents a rare opportunity to acquire a stabilized, cash-flowing self-storage asset that operates itself. The facility has achieved near-full occupancy with zero paid advertising, filling entirely through local word-of-mouth demand, and the existing management infrastructure supports remote ownership from day one. This 33-unit, 4,500 square foot property in Herman, Minnesota offers straightforward cash-flow economics and a low-friction entry into Minnesota self-storage. The seller has indicated a willingness to explore seller financing, meaningfully lowering the barrier to entry for buyers seeking flexibility outside of conventional debt.
The Herman market features limited self-storage competition, supporting the facility’s ability to sustain strong occupancy without active marketing or rate concessions. With the rate upside relative to comparable facilities in the region, an incoming owner can acquire this asset with confidence that the fundamentals support stable income well into the future.
The Herman market features limited self-storage competition, supporting the facility’s ability to sustain strong occupancy without active marketing or rate concessions. With the rate upside relative to comparable facilities in the region, an incoming owner can acquire this asset with confidence that the fundamentals support stable income well into the future.
Property Facts
| Price | $289,000 | Building Class | C |
| Price Per SF | $64.22 | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 4,500 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Self-Storage | Year Built | 2002 |
| Price | $289,000 |
| Price Per SF | $64.22 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 4,500 SF |
| No. Stories | 1 |
| Year Built | 2002 |
1 1
Somewhat walkable
20/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 20-0083-000 | Improvements Assessment | $65,500 |
| Land Assessment | $12,000 | Total Assessment | $77,500 |
Property Taxes
Parcel Number
20-0083-000
Land Assessment
$12,000
Improvements Assessment
$65,500
Total Assessment
$77,500
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210 5th E st - Herman Mini Storage
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