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    511 28Th Ave S Waite Park, MN 56387

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    For Sale
    $30,000,000

    275,000 SF cold storage facility with highway access.

    Property size:
    275,000 SF
    Lot size:
    19.10 Acres

    Property Features for 511 28Th Ave S

    General Information

    Size
    275,000 SF
    Lot size
    19.10 Acres

    Source: CBRE - Minnesota Agent Sandy Barin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cold Storage Facility For Sale

    The property at 511 28th S, Waite Park, MN, is a cold storage facility with 275,000 square feet available for sale. It offers access to Hwy I-94 via Hwy 23. The building features recently renovated freezer space that is convertible. The refrigeration system uses Freon, and temperatures can range from -10F to 46F in zones based on tenant requirements. Fire protection is provided by a dry system throughout the building. LED high bay lighting with motion sensor control is installed at racking aisles and dock areas. A truck court of up to 3 acres is available for trailer drops. Recent construction includes 20’ clear height, new refrigeration equipment, a new office area, and a staging area. The facility includes 15 dock doors, with 9 equipped with vertical levelers. An additional 150,000 SF is available for lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Realty agency Law Firm Wholesale Shop Clothing Store Hotel & Motel Auto Parts Store Building Supply Kitchen & Bath Auto Repair Shop

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

    Similar Places Nearby

    Ace Storage, West End Storage, St Cloud Cold Storage

    Location Insight

    • Map
    • Local Demand
    City
    Waite Park
    County
    Stearns
    State
    Minnesota
    Longitude
    -94.257716
    Latitude
    45.544036

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    FAQs

    What type of property is this?
    Warehouse - 275,000 SF cold storage facility with highway access.
    Where is this warehouse located?
    The property is located at 511 28Th Ave S Waite Park, MN.
    What is the asking price?
    The asking price for this property is $30,000,000.
    What are key features of this property?
    This property features: - Large cold storage facility: 150,000 SF available for lease and 275,000 SF available for sale.; - Recently renovated freezer space (convertible) with new refrigeration equipment.; - Temperature control: Freon systems allow temperatures from -10F to 46F in zones.
    (612) 202-9067
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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
    511 28Th Ave S Waite Park, MN 56387
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