205 5Th StElysian, MN 56028

Property Details for 205 5Th St

Year built

2002

Construction

WOOD

Lot size

0.77 AC

Property size (Sq ft)

9,600 SF

Property type

Industrial properties

Property subtype

Industrial live-work properties

APN

16.410.1020

APU

164101020

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,959,530

  6.5%

  $1,808,796

  7%

  $1,679,597

• Comparable approach

  Method

  Valuation

  Relative Method

  $759,475

  Geo Method

  $759,475

• Alternative Use

  Use

  Valuation

  Residential

  $1,808,796

  Hospitality

  $1,656,848

  Educational

  $1,378,478

  Medical

  $1,425,886

  Retail

  $2,144,299

Location Insight

City

Elysian

County

Le Sueur

State

Minnesota

Latitude

44.1977

Longitude

-93.6826

CBSA code

33460

CBSA name

MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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