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4011 Maciver Ave NE 20,750 SF Specialty Building Offered at $2,495,000 at a 6.13% Cap Rate in Saint Michael, MN 55376
INVESTMENT HIGHLIGHTS
- Located off of Highway 241
- U-Haul partnership
- Buildings are newer and in great shape
EXECUTIVE SUMMARY
Excellent investment opportunity in the high-demand northwest metro! This St. Michael mini storage facility features 5 well-maintained buildings with 144 rental units, situated on 1.6 acres directly abutting Hwy 241, providing outstanding visibility and access. With an average 95% occupancy, this property offers strong & consistent income. The unit mix includes 15 (5x10x8), 49 (10x10x8), 49 (10x15x8), and 31 (10x25x8) units, meeting a wide variety of customer needs. Three buildings were constructed in 2014 and two in 2018, ensuring modern, low-maintenance infrastructure. St. Michael's growing community, located between Mpls and St.Cloud benefits from steady population growth, strong household incomes and easy access to I-94-driving demand for storage solutions. In addition to rental income, the facility partners with U-Haul, creating an additional revenue stream and value add for customers. This is a rare opportunity to acquire a stabilized, income-producing property in a thriving corridor of the Twin Cities metro.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,495,000 | Building Class | B |
| Price Per SF | $120.24 | Lot Size | 1.61 AC |
| Sale Type | Investment | Building Size | 20,750 SF |
| Cap Rate | 6.13% | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 2014/2019 |
| Property Subtype | Self-Storage |
| Price | $2,495,000 |
| Price Per SF | $120.24 |
| Sale Type | Investment |
| Cap Rate | 6.13% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 1.61 AC |
| Building Size | 20,750 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2014/2019 |
PROPERTY TAXES
| Parcel Number | 114-346-001010 | Total Assessment | $1,665,200 (2025) |
| Land Assessment | $357,000 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,308,200 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
114-346-001010
Land Assessment
$357,000 (2025)
Improvements Assessment
$1,308,200 (2025)
Total Assessment
$1,665,200 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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4011 Maciver Ave NE
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