Whetstone Storage
Milbank, SD

Asking price
$400,000
Units
78
Cap rate
—
Price / unit
$5,128
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 Whetstone Storage Back to Results UNDER CONTRACT Milbank, SD $400,000 Whetstone Storage presents an extraordinary opportunity to acquire a stabilized self-storage facility in the heart of Milbank, South Dakota, at a fraction of today’s construction prices. Offered at a remarkable $29 per rentable square foot, significantly below replacement cost, this asset provides immediate foundational value to its next owner. The property consists of 13,590 RSF across 78 units, offering a manageable scale that is ideal for both first-time buyers and experienced investors looking to expand their portfolio. This facility delivers steady in-place income from day one, paired with clear operational upside through rental rate optimization, targeted marketing, and ancillary income opportunities. $400,000 View Executive Summary Request Offering Memorandum All fields are required. I am a Principal I am a Broker I accept the Disclaimer . Property Info $400,000 13,590 RSF 78 Units 1.93 Acres Contact Listing Broker Listing Broker Nathan Gottlieb Area Storage Advisors 612-930-6614 Email Stay Connected Contact Us 1-800-55-STORE Contact Us 5460 S. Quebec Street Suite 100 Greenwood Village, CO 80111 inf
All details
| Asking price | $400,000 |
|---|---|
| Units | 78 |
| Price per unit | $5,128 |
| Building size | 13,590 sq ft |
| First seen | Sep 6, 2026 |
| Last verified | Sep 7, 2026 |