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4870 66th Street NW - Walker Storage Max 31,920 SF Specialty Building Offered at $3,471,185 CAD in Walker, MN 56484



Investment Highlights
- High occupancy since inception — both buildings have been fully leased since delivery in 2020 and 2021, demonstrating exceptional, proven demand.
- Purpose-built for high-value cabin/lake country demand — large, RV-sized units with in-floor heating, ventilation, and 30-amp power
- High-quality security and construction — fully fenced with barbed wire, keypad access, surveillance cameras, and bollard-protected units
- Significant income growth potential — only one rate increase implemented since construction (last raised 2 years ago)
- Prime Highway 371 location — high-traffic, high-visibility site in the heart of Leech Lake cabin country.
- Potential for assumable debt — buyers have the opportunity to assume a portion of the seller’s existing debt at a favorable rate
Executive Summary
Walker Storage Max presents a rare opportunity to acquire a best-in-class, purpose-built self-storage facility in one of Minnesota’s most sought-after lake and cabin destinations. Situated directly off State Highway 371, the property benefits from prime visibility and high traffic density in a market defined by strong seasonal and year-round demand. Walker sits at the gateway to Leech Lake and the surrounding cabin country, where limited storage supply and a growing base of seasonal residents, boaters, and RV owners have created outsized demand for secure storage, particularly for large vehicles, boats, and recreational equipment that don’t fit conventional units.
The facility was developed in two phases, with the first building completed in August 2020 and the second in July 2021, and has maintained 100% occupancy since each building opened. Despite this exceptional performance, the current ownership has only implemented one rental rate increase since construction, with the most recent adjustment occurring two years ago, pointing to significant embedded upside for a new owner. Built to serve the region’s RV and lake-country clientele, the units feature 14-foot automatic doors, in-floor heating, ventilation systems, 30-amp outlets, and man doors, combined with robust site security including full perimeter fencing with barbed wire, keypad access control, surveillance cameras, and bollard protection at every door and corner.
The facility was developed in two phases, with the first building completed in August 2020 and the second in July 2021, and has maintained 100% occupancy since each building opened. Despite this exceptional performance, the current ownership has only implemented one rental rate increase since construction, with the most recent adjustment occurring two years ago, pointing to significant embedded upside for a new owner. Built to serve the region’s RV and lake-country clientele, the units feature 14-foot automatic doors, in-floor heating, ventilation systems, 30-amp outlets, and man doors, combined with robust site security including full perimeter fencing with barbed wire, keypad access control, surveillance cameras, and bollard protection at every door and corner.
Property Facts
| Price | $3,471,185 CAD | Lot Size | 3.20 AC |
| Price Per SF | $108.75 CAD | Building Size | 31,920 SF |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Year Built | 2020 |
| Price | $3,471,185 CAD |
| Price Per SF | $108.75 CAD |
| Sale Type | Investment |
| Property Type | |
| Lot Size | 3.20 AC |
| Building Size | 31,920 SF |
| No. Stories | 1 |
| Year Built | 2020 |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 38-390-0150 | Improvements Assessment | $1,586,827 CAD |
| Land Assessment | $108,386 CAD | Total Assessment | $1,695,213 CAD |
Property Taxes
Parcel Number
38-390-0150
Land Assessment
$108,386 CAD
Improvements Assessment
$1,586,827 CAD
Total Assessment
$1,695,213 CAD
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4870 66th Street NW - Walker Storage Max
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