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    24947 Larson Ln Lakeville, MN 55044

    Sponsored
    For Sale
    $283,400

    Spacious storage condo, heated & insulated, ideal for business or hobby.

    Property size:
    1,960 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 1,960 square foot storage condo, situated in the Field Stone Industrial Park in Lakeville, MN, presents a unique opportunity. The new construction unit boasts a 28 x 70 footprint, featuring insulated steel construction for optimal climate control. A 14 x 14 overhead door with opener provides easy access, complemented by LED lighting, a hose bib, and a robust 100-amp three-phase power supply with 4-amp circuits. The reinforced concrete floor (6 inches thick) ensures durability, while overhead sprinklers enhance safety. High ceilings, exceeding 21 feet, maximize usable space. Potential for expansion exists, with options for adding a mezzanine (16 x 28 or 24 x 28) and a bathroom. The property sits on a 10.51-acre lot with convenient community parking located on the west side of the building. Enjoy easy access to I-35, making this location highly desirable. The low monthly association fee of $110 covers exterior building insurance, snow removal, lawn care, and common area electricity. This is an owner-occupied unit, offering the benefits of avoiding rental increases, building equity, and potential tax advantages. Ideal for those seeking secure, climate-controlled storage for business inventory, equipment, or personal collections, or for those looking to establish a small business in a prime location.

    Property Features for 24947 Larson Ln

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,960 SF
    Lot Size
    457,816 SF

    Building Details

    Year Built
    2023
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Spa & Massage Building Supply Auto Repair Shop Skin Care Clinic Wholesale Shop Hotel & Motel Auto Parts Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakeville
    County
    Scott
    State
    Minnesota
    Longitude
    -93.28687
    Latitude
    44.59372

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious storage condo, heated & insulated, ideal for business or hobby.
    Where is this commercial real estate located?
    The property is located at 24947 Larson Ln Lakeville, MN.
    What is the asking price?
    The asking price for this property is $283,400.
    (507) 514-6105
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    24947 Larson Ln Lakeville, MN 55044
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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
    24947 Larson Ln Lakeville, MN 55044
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