Baltic, SD Mini Storage Complex Online Only Auction

Baltic, SD Mini Storage Complex Online Only Auction

Bidding opens on Friday, September 4^th at 10:00am CT. 

Bidding begins to close on Sunday, September 13^th at 5:00pm CT. 

St. Olaf Ave., Baltic, SD 57003

Bidding Process: Landmark Realty & Auction ONLINE AUCTIONS Feature “A MAX BID” Option as well as a “SOFT CLOSE”.

“A MAX BID” may be placed on any item and the computer will bid on your behalf, thus eliminating the need to continually watch your bids. This option is highly recommended, so you do not miss out on an item you are bidding on. In the event you do not use the MAX BID feature and you are out bid you will be notified via e-mail or text that you have been outbid and will have the opportunity to raise your bid.

“THE SOFT CLOSE” feature means any bid received in the final minutes of the auction will automatically extend bidding on that particular item or lot by 5 minutes to allow another bidder the opportunity to raise their bid.

Directions: Lovely Ave to 2nd St, South to alley between Lovely ave. & St. Olaf Ave.

Property Description: 

INVESTMENT OPPORTUNITY – 6-UNIT MINI STORAGE COMPLEX | BALTIC, SD

Looking for a simple, low-maintenance investment with income already in place? This 6-unit mini storage complex in Baltic, SD offers an excellent opportunity to purchase an established, fully occupied income-producing property.

Situated on a 48' x 84' commercial lot, the building consists of six 10' x 24' storage units, each featuring an 8' tall x 9' wide overhead door and concrete flooring throughout. There is no electricity to the building, helping keep ongoing operating expenses to a minimum.

PROPERTY HIGHLIGHTS:

-6 individual storage units

-Each unit measures 10' x 24'

-8' tall x 9' wide overhead doors

-Concrete floors throughout

-No electricity = minimal utility expense

-Commercially zoned 48' x 84' lot

-All 6 units currently rented at $70/month

-Current gross rental income: $420/month | $5,040/year

-Annual real estate taxes: just $643.16

-Units have historically remained fully occupied, with a waiting list often in place

Storage units continue to be an attractive investment because of their simple management, low overhead, limited maintenance requirements and consistent demand. Unlike many rental properties, there are no kitchens, bathrooms, appliances, carpeting or extensive interiors to maintain—and no residential tenants to manage. This property offers the opportunity to step into an established rental operation with 100% occupancy from day one.

With strong demand already demonstrated by consistent occupancy and a history of a waiting list, this could also present an opportunity for a future owner to evaluate current rental rates and maximize the property's income potential.

Whether you're looking to add another income-producing property to your portfolio or make your first investment in commercial real estate, this is the kind of straightforward investment opportunity that doesn't come along every day.

6 units. Fully rented. Low expenses. Proven demand.

Don't miss your opportunity to own this income-producing mini storage complex in Baltic, South Dakota!

Legal Description: Tract 1 KTP Addition Baltic city original plat Parcel ID- 20073

Taxes:  2025 taxes were $643.16

Buyers Premium: 3% buyers premium

Broker Participation: 1% Broker participation will be offered to licensed South Dakota Real Estate agents. For full details & to register your clients, please contact Tarah Burggraff at Landmark Realty & Auction.

Terms: A 10% non-refundable earnest money payment and signed purchase agreement will be required on the day of sale closing (Sept. 13th 2026) and the balance due on or before Nov. 1st 2026 with full possession at that time. A 3% buyers premium plus tax on said premium will be added to the final sale price. A 1% broker participation fee will paid to applicable real estate brokers who register their bidders with us prior to the sale start date. Contact broker/auctioneer for a registration. No contingency for financing will be accepted. Marketable title will be conveyed with an owner’s title insurance policy provided with the cost divided 50-50 between the buyer and seller, additionally a title company closing fee will be divided 50-50 between buyer and seller. Closing and title insurance to be completed at Firs Dakota Title. Real estate taxes will be paid in full for 2025 payable in 2026 and the 2025 real estate taxes will be prorated to the day of closing. Information contained herein is deemed to be correct, but it not guaranteed. The property is sold in “AS IS” condition and subject to any existing easements, restrictions, reservations or highways of record, if any, as well as any or all applicable City of Baltic, SD Zoning Ordinances. The Real Estate licensee in this transaction are acting agents for the owners. Sellers retain the right to reject any and/or all offers/bids. No warranty is being made or implied as to the property boundaries, soil productivity, water supply, or environmental hazards, if any. Announcements made day of auction will take precedence over printed materials. Owner is a licensed real estate broker in the state of South Dakota.

Owner: KTP Properties, LLC

Auction arranged & conducted by: 

Tarah Burggraff – Broker/Owner 

Landmark Realty & Auction 

Dell Rapids, SD 

605/428-3909