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    940 6th Avenue NE Milaca, MN 56353

    View on Map
    For Sale
    $875,000

    Commercial - Milaca, MN

    Lot size:
    2.07 Acres
    Added:
    Feb 20, 2026
    Days on Market:
    40
    Last Refresh:
    Apr 1 at 12:06 pm

    Property Features for 940 6th Avenue NE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Industrial
    Exterior features
    Metal
    Standard status
    Active
    APN
    215610040
    Lot size
    2.07 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    5634

    Utilities

    Heating system
    Geothermal (Heating)

    Building Details

    Year built
    1999
    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 Feb 20, 2026

    MLS# 7022355 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.

    Overview

    Milaca Industrial Facility For Sale

    This well-maintained industrial facility features a combination of functional space and modern amenities. It includes dock and drive-in doors for flexible loading capabilities, and a truck court engineered specifically to accommodate semi-truck traffic. Inside, the property boasts nicely appointed 1st floor office space with reception area, men's and women's restrooms and a lab area with natural light provided by windows. The mezzanine includes 4 modern offices, a conference room, break room with kitchenette and a unisex restroom. The building is powered by 800 AMP, 600 volt, 3-phase electrical service, suitable for a wide range of industrial operations. The warehouse has updated LED lighting for energy efficiency. The facility is equipped with a geothermal heating and cooling system, offering energy-efficient climate control, along with central air conditioning in the office area for added comfort. Strategically located within Milaca's Industrial Park on 2.07 acres, the property offers excellent connectivity—just off State Highway 169, 40 miles north of I-94, and 30 miles northeast of St. Cloud—making it an ideal hub for regional distribution or manufacturing. The property is located in Milaca, MN 56353.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    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
    -93.644912
    Latitude
    45.763754

    Nearby Similar for Sale

    • $875,000
      12,000 SF

      Milaca Industrial Facility For Sale

      Well-maintained industrial facility in Milaca's Industrial Park.
      940 6th Ave NE, Milaca, MN 56353
      View Details
    • $340,000

      Commercial Property with Residential Component

      Business and home in one location since 1968.
      18xxxx US Highway 169, Milaca Twp, MN 56353
      View Details
    • $1,750,000
      24,450 SF

      Milaca Self-Storage Value-Add Opportunity

      Self-storage facility with expansion potential in Milaca, Minnesota.
      14956 110th St, Milaca, MN 56353
      View Details
    • Contact for pricing
      6,455 SF

      Main Street Building For Sale

      Located on main street with retail and residential potential.
      115 2nd Ave SW, Milaca, MN
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - Well-maintained industrial facility with modern amenities and strategic location.
    Where is this manufacturing property located?
    The property is located at 940 6th Avenue NE Milaca, MN.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: Strategic location in Milaca's Industrial Park, offering excellent connectivity.; Dock and drive‑in doors provide flexible loading capabilities, complemented by a truck court engineered for semi‑truck traffic.; 800 AMP, 600 volt, 3‑phase electrical service supports a wide range of industrial operations.
    (612) 991-6360
    We can help!
    Listing Contact
    Jeffrey C Meehan
    Jeffrey C Meehan
    Real Estate License ID: 40027822
    Learn More
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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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