Insulated Warehouse Unit with Overhead
For Sale
Contact for pricing
10120 72nd St NE, Otsego, MN 55301
Insulated warehouse space with 18' clear height, 5-inch concrete floors with drains, and a 12' x 14' overhead door.
Property Size1,200 SF
Price / SF$236.58
Days on Market260
Property Features for 10120 72nd St NE
General Information
Standard status
Active
Size
1,200 SF
Property subtype
INDUSTRIAL
Additional Details
Utilities to Site
Yes
Clear Height
18 ft
Amenities
high speed internet
exterior lighting
landscaping
trash removal
lawn maintenance
snow removal
Listing Agency:
Commercial Realty Solutions LLC
(763) 682-2400
Listed By:
Sheila Zachman
(763) 244-0600
Source:
Moodyscre
Added: Feb 12
Changed: Oct 25
Last Checked: Oct 28 at 10:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Commercial Realty Solutions LLC
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Investment Insights
Based on property information with market context.
This insulated warehouse unit features steel-lined, insulated interior walls and ceilings, along with 5-inch concrete floors with drains. Lighting includes LED fixtures, and the space is supported by a hanging natural gas heater. Electrical service is 100 amps with 3-phase power, and high-speed internet is available.
The facility offers an insulated 12' x 14' overhead door with windows and a jack-shaft heavy-duty opener, plus one steel entry door. Plumbing is stubbed for a bathroom. Exterior lighting and landscaping are included.
The association covers trash removal, lawn maintenance, and snow removal. City water and sewer are available, and the unit is stated to have PIDs and 2026 taxes reflected in the listing information.
The facility offers an insulated 12' x 14' overhead door with windows and a jack-shaft heavy-duty opener, plus one steel entry door. Plumbing is stubbed for a bathroom. Exterior lighting and landscaping are included.
The association covers trash removal, lawn maintenance, and snow removal. City water and sewer are available, and the unit is stated to have PIDs and 2026 taxes reflected in the listing information.
Key Highlights
- Insulated warehouse space with steel‑lined interior walls and ceilings
- 18' clear height with LED lighting and exterior lighting/landscaping
- 5‑inch concrete floors with drains for improved functionality
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,830
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,600
$316.6K
Cap Rate 7%
$226,143
$226.1K
Cap Rate 9%
$175,889
$175.9K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$19.4K $16.20/SF
− Vacancy
−$816 −$0.68/SF
EGI
$18.6K $15.52/SF
− OpEx
−$2.8K −$2.33/SF
NOI
$15.8K $13.19/SF
Area
Wright County, MN
Vacancy
4.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,600
Cap Rate 7%
$226,143
Cap Rate 9%
$175,889
Alternative Uses
Best Use
Warehouse
$226.1K
$197.9K – $263.8K
NOI $15,830 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$286.3K
$250.5K – $334.0K
NOI $20,041 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
18 ft
Clear height
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 55301, MN
12,791
Population
4,720
Households
2.7
Avg Household Size
33
Median Age
44%
College-Educated
98%
High-School Grad
8.2 sq mi
ZIP Area
1,560
Density / Sq Mi
$131,157
Median Household Income
$65,890
Median Earnings
$1,458
Median Rent
$324,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Warehouse - Insulated warehouse space with 18' clear height, 5-inch concrete floors with drains, and a 12' x 14' overhead door.
Where is this warehouse located?
The property is located at 10120 72nd St NE Otsego, MN.
What is the asking price?
The asking price for this property is $283,900.
What are key features of this property?
This property features: Insulated warehouse space with steel‑lined interior walls and ceilings; 18' clear height with LED lighting and exterior lighting/landscaping; 5‑inch concrete floors with drains for improved functionality
