Otsego Mini Storage (Crag Mini Storage)
Elk River, MN
Asking price
$5,200,000
Units
335
Cap rate
—
Price / unit
$15,522
About this property
Argus Self Storage Property Listings Listings Who We Are Find A Broker What We Do News & Research Market Monitor Presentations Industry News Closings Contact Listings Who We Are Find A Broker What We Do News & Research Market Monitor Presentations Industry News Closings Contact Otsego Mini Storage (Crag Mini Storage) Back to Results NEW Elk River, MN $5,200,000 Offers Due: Thursday, September 3, 2026 Click Here to Request Offering Memorandum Otsego Mini Storage is a 54,670 net rentable square foot, 335-unit drive-up self storage facility situated on 5.48 acres in one of the fastest-growing communities in the Twin Cities metro. Built in phases in 2004, 2017, and 2019, the facility has operated at consistently high occupancy while serving a trade area with limited competing supply. The site is fully paved in concrete and asphalt, completely enclosed by perimeter fencing with a gated access system, and protected by corner bollards and on-site camera coverage. Careful site grading delivers excellent drainage across the property; a meaningful advantage in a Minnesota climate. The location anchors the investment thesis. Otsego’s population has reached 25,454 and is growing at 3.79% annually (over 26% increase since the 2020 census) with a median household income of $119,927, and approximately 280 new home permits issued in 2025 alone. A Costco Wholesale is currently under construction in the city, joining an established retail node along the MN-101 corridor that carries roughly 52,
All details
| Asking price | $5,200,000 |
|---|---|
| Units | 335 |
| Price per unit | $15,522 |
| Building size | 54,670 sq ft |
| First seen | Sep 6, 2026 |
| Last verified | Sep 7, 2026 |
