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Watertown, MN

Flex Space

Watertown, MN Flex Space for Sale

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Mayer, MN Delano, MN St Bonifacius, MN Minnetrista, MN Independence, MN Saint Bonifacius, MN Maple Plain, MN New Germany, MN

14 properties

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Flex Space with Mezzanine

Updated: Mar 21

Flex Space with Mezzanine

721 Industrial Boulevard #B3, Watertown, MN 55388

$197,500

1,490 sqft

Adjoining Units B3 & B4 with 1,490 square feet
14' insulated overhead doors and 16'–20' vaulted ceilings
40' x 10' mezzanine, floor trench drain, and fire suppression
In‑floor heat, A/C, LED lighting, and 100‑amp electrical
Each unit includes its own bathroom

This listing looks promising.

Here's a quick look at some key insights for

721 Industrial Boulevard #B3, Watertown, MN 55388

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Est. Cap Rate

8.2%
Above avg (5.9%)
Est. NOI

$16K
Annual
Price @ 7% Cap

$231K
Above asking
Last Sold

Dec 2022
$316K

View Property Analytics

To-Be-Built Workshop Garage Unit

Updated: Jun 2, 2025

To-Be-Built Workshop Garage Unit

721 Industrial Boulevard #E17, Watertown, MN 55388

$193,870

1,093 sqft

New Phase II garage unit planned, Year Built 2026
To be built 1,093 SF unit measuring 26' x 40'
In‑floor heat plus 16' x 14' insulated garage door with opener
100 amp electrical service, floor trench drain, and fire suppression system
Rough‑in for bathroom with shower and concrete floor structured for future mezzanine

New Flex Space with Garage Door

New Flex Space with Garage Door

721 Industrial Boulevard #E1, Watertown, MN 55388

$193,870

1,093 sqft

Commercially zoned unit with in-floor heat, dedicated electrical service, and infrastructure for a future bathroom.

Garage Flex Warehouse Unit

Garage Flex Warehouse Unit

721 Industrial Boulevard #E15, Watertown, MN 55388

$178,870

1,090 sqft

New 1,090 sf garage flex unit planned for Phase II, featuring in-floor heat, 100 amp service, and a trench drain.

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Garage Flex Unit

Garage Flex Unit

721 Industrial Boulevard #E7, Watertown, MN 55388

$164,920

1,005 sqft

New commercial garage flex unit with in-floor heat, fire suppression, and rough-in plumbing in an association-maintained workshop setting.

Flex Garage Unit

Flex Garage Unit

721 Industrial Boulevard #E11, Watertown, MN 55388

$164,920

1,005 sqft

To-be-built flex garage unit with insulated door, in-floor heat, 100-amp service, and fire suppression.

Garage Condo Flex Warehouse

Garage Condo Flex Warehouse

721 Industrial Boulevard #D3, Watertown, MN 55388

$246,250

1,250 sqft

Garage condo flex unit with insulated door, in-floor heat, 100-amp power, and a fire suppression system.

Garage Condo Flex Space

Garage Condo Flex Space

D4-721 Industrial Blvd, Watertown, MN

$246,250

1,250 sqft

Garage condo flex unit with insulated door, in-floor heat, 100-amp power, and a floor trench drain.

Garage Condo Flex Space

Garage Condo Flex Space

721 Industrial Boulevard #D2, Watertown, MN 55388

$246,250

1,250 sqft

Commercial/multi-use zoning supports business occupancy in a newly built workshop unit.

Deeded Flex Storage Units

Deeded Flex Storage Units

721 Industrial Blvd, Watertown, MN 55388

Contact for pricing

1,490 sqft

Built in 2022, Units B3 and B4 are deeded flex storage spaces suitable for vehicles, boats, or workshop use.

Move-In Ready Flex Garage Unit

Move-In Ready Flex Garage Unit

B4-721 Industrial Blvd, Watertown, MN

$197,500

Finished flex garage space with insulated overhead door, vaulted ceilings, and dedicated bathroom plus mezzanine storage.

Flexible Garage Units

Flexible Garage Units

B3-721 Industrial Blvd, Watertown, MN

$197,500

Adjoining B3 and B4 flex/garage units offer 14' insulated overhead doors, in-floor heat, A/C, and private bathrooms.

Garage Condo at Workshops Watertown

Garage Condo at Workshops Watertown

721 Industrial Boulevard Unit D5, Watertown, MN 55388

$295,500

1,500 sqft

1500 SF garage condo with many amenities for sale.

Flex Garage Workshop Unit

Flex Garage Workshop Unit

E17-721 Industrial Blvd, Watertown, MN

$193,870

Planned garage workshop unit with in-floor heat, insulated door, and 100-amp electrical service.

Based on your search, we've compiled 18 Potential Opportunities for your consideration. Besides 14 Active listings in Watertown, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Office/Warehouse Flex Unit

Office/Warehouse Flex Unit

940 McKinley Parkway #401, Delano, MN 55328

$325,000

1,520 sqft

Private flex unit with 20' ceilings, 5-inch concrete floors with drains, and a 14' x 14' wide overhead garage door.

Office/Warehouse Flex Unit

Office/Warehouse Flex Unit

940 McKinley Parkway #404, Delano, MN 55328

$230,000

1,120 sqft

Private Phase 3 flex unit features 20' ceilings, 5-inch concrete floors, and 14' wide by 14' tall garage door.

Customizable Flex Unit

Customizable Flex Unit

940 McKinley Parkway #402, Delano, MN 55328

$305,000

1,433 sqft

Private commercial unit suited for office, warehouse, workshop, showroom, or garage use.

Customizable Flex Space Unit

Customizable Flex Space Unit

940 McKinley Pkwy #301, Delano, MN 55328

Contact for pricing

1,520 sqft

Private unit customizable as office, warehouse, showroom, or garage.

Watertown, MN Flex Space Market Trends and Statistics

Explore 14 flex space for sale in Watertown, MN, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 13,515 square feet of properties for sale, with an estimated market value of $2,717,070.

Sale prices for business spaces in Watertown, MN start at $164,920, averaging $209,005, and reaching up to $295,500 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 5,974

Population Growth (5Y) +2.0%

Median Household Income $92,273

College Educated 28.5%

High-Yield Neighborhoods for Investment

Identify Watertown submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
55388	$211K

Taxes & Financing

Tax Rate (average for all types) 2.10%

Property Tax per SF $42.15 per SF

Tax Rate vs County Average 0.11 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Carver County

New Delisted

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