Courtesy: Andrew Yaggie Real Estate
Looking for an investment opportunity in the heart of the Otter Tail Lakes Country? Look no further than this commercial or residential investment opportunity in rural Richville! Located a short distance from Otter Tail, Walker, Dead, and Pickerel Lakes, this 3.48 acre property boasts nine 20 x 40 individual storage units with 12 x 12 overhead doors and 36" service door (each with its own power outlet, garage door opener, and interior lights), four seasonal camper pad sites, and a combination office / garage space, a perfect spot to operate your business, build a home, or to gain additional rental income. This parcel was thoughtfully designed to allow for construction of additional storage units or a residential home within the center of this property, allowing for additional growth. Highlights include fiber internet, heated/cooled shop and office space with a half bathroom, deep well and septic system serving the office and camping sites, with each pad site also featuring electricity, high speed wireless internet, picnic table, fire pit, and an individual storage shed. The property also features a fully integrated irrigation system. This turnkey investment opportunity is projected to provide a NOI of $51,000 for 2025, providing a rare lakes area investment opportunity for you to consider!
Andrea D. Conner, License # 40471694,Xome Inc., License 40368414, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
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Richville is located in Minnesota. Richville, Minnesota has a population of 77. Richville is more family-centric than the surrounding county with 44.44% of the households containing married families with children. The county average for households married with children is 26.89%.
The median household income in Richville, Minnesota is $68,750. The median household income for the surrounding county is $63,587 compared to the national median of $69,021. The median age of people living in Richville is 34.5 years.
The average high temperature in July is 80 degrees, with an average low temperature in January of -2.7 degrees. The average rainfall is approximately 26.9 inches per year, with 49.7 inches of snow per year.
