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    Drive-Through Industrial Warehouse Title is generated by Realmo AI

    710 10th Street NE, Milaca, MN 56353

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    Claim this Listing
    New
    For Sale
    $375,000

    Commercial - Milaca, MN

    Lot size:
    0.86 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 12:06 pm

    Property Features for 710 10th Street NE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Industrial
    Parking features
    Driveway
    Exterior features
    Metal
    Standard status
    Active
    APN
    210241802
    Lot size
    0.86 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    4258

    Building Details

    Year built
    2004
    Architectural style
    Other

    We can help!

    Listing Contact
    Jeffrey C Meehan
    Jeffrey C Meehan

    Listing agent Jeffrey C Meehan

    Listing office Keller Williams Premier Realty Lake Minnetonka 13100 Wayzata Blvd. #400, Wayzata, MN

    Listing date Jun 3, 2026

    MLS# 7086318 Listing URL

    Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Industrial facility built in 2004 in Milaca’s Industrial Park, just off State Highway 169
    • Drive‑through layout with 12' high drive‑in doors at each end
    • Concrete driveway with driveway access
    • Warehouse has in‑floor heating via electric boiler and a trench drain running the length of the building
    • Office space includes a kitchenette and restroom
    • 3 x 200 AMP electrical panels plus security cameras throughout and washer/dryer hookups

    Overview

    This well-maintained industrial facility offers a practical warehouse configuration with 12' high drive-in doors located at each end, providing drive-through access. The driveway is constructed of concrete for durable vehicle movement. Interior improvements include nicely appointed office space with a kitchenette and restroom, supporting onsite administration and employee needs. Warehouse systems include an electric boiler for in-floor heating and a trench drain running the length of the building. Security cameras are installed throughout the property, and there are washer and dryer hookups. Power is supplied by three 200 AMP electrical panels, suited for a range of industrial applications.

    The property is situated within Milaca’s Industrial Park and is located just off State Highway 169. It is approximately 40 miles north of I-94 and about 30 miles northeast of St. Cloud, supporting regional distribution and operations that benefit from convenient highway access.

    With its combination of heated warehouse space, utility support, and office amenities, the building is a solid fit for manufacturing, warehousing, or secure storage of valuable possessions. The drive-through layout can also help streamline inbound and outbound workflow for equipment and freight handling.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milaca
    County
    Mille Lacs
    State
    Minnesota
    Longitude
    -93.64226
    Latitude
    45.764718

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    FAQs

    What type of property is this?
    Flex space - Well-maintained industrial facility with drive-in doors at each end and office space for day-to-day operations.
    Where is this flex space located?
    The property is located at 710 10th Street NE Milaca, MN.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Industrial facility built in 2004 in Milaca’s Industrial Park, just off State Highway 169; Drive‑through layout with 12' high drive‑in doors at each end; Concrete driveway with driveway access
    (612) 991-6360
    We can help!
    Listing Contact
    Jeffrey C Meehan
    Jeffrey C Meehan
    Real Estate License ID: 40027822
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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