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Self-Storage

Whetstone Storage

Milbank, SD

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
Units78
Price per unit$5,128
Building size13,590 sq ft
First seenSep 6, 2026
Last verifiedSep 7, 2026