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Property profile & analytics
OFF-MARKET
Industrial properties

721 Industrial Blvd Ste A10 Watertown, MN 55388-4304

0.09 ac lot
Individually Owned Absentee Owner Free & Clear
Property ID
US46-1853841
Property summary
AI-generated overview

This exceptional 1,090 square foot garage condo at 721 Industrial Boulevard Unit C4, Watertown, MN, presents a unique investment opportunity. Located within the Workshops of Watertown development, this unit boasts a range of high-quality features including sheetrocked walls, a tin ceiling, and a 14-foot insulated garage door with opener. Two LED lights illuminate the space, complemented by efficient in-floor heating. The unit is equipped with a 100-amp electrical service, a floor trench drain, and a fire suppression system. A rough-in bathroom with shower is included, and the structure is designed to accommodate a future mezzanine. Exterior features include LP siding, an asphalt shingled roof, concrete aprons, and an asphalt lot. Utilities readily available include electricity, gas, city water/sewer, and phone/cable/internet access. The homeowner's association provides convenient lawn care, snow removal, refuse disposal, and security. Future planned amenities include secure entrance gates, security fencing, a wash bay, dump stations, and a lounge area. Financing options are available for qualified buyers. The property's commercial/multi-use zoning welcomes a variety of businesses. This is a rare opportunity to acquire a well-appointed and versatile garage condo in a thriving Watertown location.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Lot 0.09 ac (3,920 SF)
APN 85-6010100
UPID US46-1853841
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
SEAN HENDERSON
SEAN HENDERSON
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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