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    721 Industrial Blvd Watertown, MN 55388

    For Sale
    $246,250

    1250 sq ft Garage Condo, Watertown, MN

    Property size:
    1,250 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional 1250-square-foot garage condo, located at 721 Industrial Boulevard Unit D2 in Watertown, Minnesota, presents a unique investment opportunity. Boasting a spacious 25' x 50' layout, the unit is meticulously finished with sheetrocked walls, a tin ceiling, and an insulated 16' wide x 14' high garage door complete with an opener. Two LED lights illuminate the interior, complemented by efficient in-floor heating. The unit is equipped with a 100-amp electrical service, a floor trench drain, and a comprehensive fire suppression system. A rough-in for a bathroom with shower is already in place, and the structure is designed to accommodate a future mezzanine level, adding significant potential for expansion. Exterior features include durable LP siding, an asphalt shingled roof, concrete aprons, and an asphalt lot. The low-maintenance lifestyle is enhanced by the homeowner's association, which provides lawn care, snow removal, refuse disposal, and security services. Future amenities planned for the complex include entrance gates, security fencing, a wash bay, a dump station, and a comfortable lounge area. The property is zoned for commercial/multi-use, making it ideal for a variety of businesses. Financing options are available for qualified buyers. Don't miss this chance to own a piece of Watertown's thriving commercial landscape.

    Property Features for 721 Industrial Blvd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,250 SF

    Building Details

    Year Built
    2023
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Florist Butcher Garden Center Carpet & Flooring Store Department Store Accounting Firm Plumbing Service Wholesale Shop Kitchen & Bath Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Watertown
    County
    Carver
    State
    Minnesota
    Longitude
    -93.86683
    Latitude
    44.94945

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    FAQs

    What type of property is this?
    Commercial real estate - 1250 sq ft Garage Condo, Watertown, MN
    Where is this commercial real estate located?
    The property is located at 721 Industrial Blvd Watertown, MN.
    What is the asking price?
    The asking price for this property is $246,250.
    (763) 682-3434
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    Realmo Value Estimation

    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.

    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.

    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
    721 Industrial Blvd Watertown, MN 55388
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