For Sale
$849,000

205 5Th StElysian, MN 56028

High-demand, income-generating property

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional investment opportunity in Elysian, Minnesota, presents a 2-acre mixed-use property ideally situated just 25 minutes east of Mankato. The property boasts fully rented, high-demand self-storage units, generating immediate income. A significant asset is a large 3600 sq ft building with potential rental income exceeding $3000 per month. Further enhancing the property's value is a substantial 60' x 60' machine shed, offering versatile rental options for boats, RVs, or commercial use. The property also includes a former daycare/nursery, presenting an opportunity for restoration or redevelopment to expand commercial potential. The property's location near five busy lakes caters to the high demand for boat and recreational vehicle storage. Its convenient highway access and existing infrastructure provide a "plug-and-play" advantage, allowing for immediate expansion and increased return on investment. The asking price is $849,000. Significant expansion potential exists, with the possibility of adding multiple large buildings or numerous smaller storage units on the ample land. This property offers a rare blend of immediate income and substantial future growth potential.

Highlights

  • 2-acre site suitable for development of four or more large rental buildings or 100+ smaller storage units.
  • 3,600 sq ft building available for lease at $3,000+/month.
  • Prime location within two miles of five large lakes, catering to high boat storage demand.
  • High-traffic location directly off a major highway.
  • Existing infrastructure allows for immediate expansion and increased ROI.

Property Details for 205 5Th St

Property type
Specialty properties, Day care centers & nurseries

Location Insight

City
Elysian
County
Le Sueur
State
Minnesota
Latitude
44.197777385174
Longitude
-93.68139627676
205 5Th St, Elysian, Minnesota

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205 5Th St
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