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250 St. John St
24,140 SF 80% Leased Industrial Building Loretto, MN 55357 $2,320,560 CAD ($96 CAD/SF)
Executive Summary
A short drive west of the NW suburbs (Highways 55 & 19) of the Twin Cities, this offering has a mix of Light Industrial, Warehouse, Outdoor Storage and Office/Flex space. Tenants include Light Manufacturing, Auto Dealer, Landscaping &
Indoor/Outdoor Storage.
Hard to find asset type for investors and tenants, especiallywith outdoor storage capabilities.
* Outdoor Storage Available - See Aerial Below *
Zoning for this property is Light-Industrial, with a current occupancy of approximately 88%, and solid leasing activity over the past 12 months. Professionally managed and updated throughout since purchased.
Currently priced at $68/SF and an 8.6% Cap Rate, with opportunity to grow income !
* Financials available with a signed Confidentiality Agreement *
Property Facts
| Price | $2,320,560 CAD | Rentable Building Area | 24,140 SF |
| Price Per SF | $96 CAD | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1987 |
| Property Type | Industrial | Clear Ceiling Height | 18 ft |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 1 |
| Building Class | B | No. Drive In / Grade-Level Doors | 4 |
| Lot Size | 1.89 AC | Cross Streets | W Railway St. |
| Price | $2,320,560 CAD |
| Price Per SF | $96 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.89 AC |
| Rentable Building Area | 24,140 SF |
| No. Stories | 1 |
| Year Built | 1987 |
| Clear Ceiling Height | 18 ft |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 4 |
| Cross Streets | W Railway St. |
Amenities
- Fenced Lot
- Floor Drains
- Mezzanine
- Signage
- Storage Space
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
2,807 SF lofted studio space. This second floor space has beautiful hardwood floors and brick pillars for lofted contemporary rustic feel. It also has two mezzanines, one above the main space for a private office and one as you are walking up the stairs. - Conveniently located off Highway 55 - Shared kitchen and bathroom - 24/7 access - Signage options
Warehouse space available for rent off Highway 55 in Loretto, with close proximity to Plymouth, Rockford, Medina, Hamel, Delano, and Independence. The space is 1,917 of warehouse space. Rent Includes: Access to all Common Areas (kitchen and bathroom) 24/7 access to building Free on-site parking
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 2nd Fl | 2,807 SF | Office | Partial Build-Out | Now |
| 1st Fl - A | 1,917 SF | Industrial | Shell Space | Now |
1st Fl-Ste 2nd Fl
| Size |
| 2,807 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Fl - A
| Size |
| 1,917 SF |
| Space Use |
| Industrial |
| Condition |
| Shell Space |
| Available |
| Now |
1st Fl-Ste 2nd Fl
| Size | 2,807 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
2,807 SF lofted studio space. This second floor space has beautiful hardwood floors and brick pillars for lofted contemporary rustic feel. It also has two mezzanines, one above the main space for a private office and one as you are walking up the stairs. - Conveniently located off Highway 55 - Shared kitchen and bathroom - 24/7 access - Signage options
1st Fl - A
| Size | 1,917 SF |
| Space Use | Industrial |
| Condition | Shell Space |
| Available | Now |
Warehouse space available for rent off Highway 55 in Loretto, with close proximity to Plymouth, Rockford, Medina, Hamel, Delano, and Independence. The space is 1,917 of warehouse space. Rent Includes: Access to all Common Areas (kitchen and bathroom) 24/7 access to building Free on-site parking
PROPERTY TAXES
| Parcel Number | 06-118-23-31-0033 | Improvements Assessment | $1,015,610 CAD |
| Land Assessment | $394,960 CAD | Total Assessment | $1,410,570 CAD |
PROPERTY TAXES
zoning
| Zoning Code | Industrial |
| Industrial |
-
Chad Heer -
Summit Commercial Real Estate
Presented by
250 St. John St
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