Park Rapids, MN
$800,000
Up North Storage Center is a well-maintained and strategically located self storage facility serving Park Rapids and the surrounding communities.
The facility features 16,800 rentable square feet with 88 all-steel, drive-up storage units, offering tenants secure and convenient storage solutions. Perimeter fencing and gated access provide an added layer of security, ensuring peace of mind for customers. Situated in a high-demand lake area, the property consistently maintains strong occupancy, benefiting from both local residents and the seasonal influx of visitors.
This investment presents immediate revenue growth potential, as rental rates have not been adjusted since April 2023, allowing a new owner to implement modern revenue management strategies. Additionally, with 7.6 acres of land, there is ample opportunity for expansion to meet the area’s growing storage needs. With a seasonal population surge further driving demand, Up North Storage Center is well-positioned for continued success.
