Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3747 117th St E Inver Grove Heights, MN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Large industrial property with outside and trailer storage available.

    Type:INDUSTRIAL
    Property size:
    144,474 SF
    Lot size:
    24.35 Acres
    Added:
    Apr 19, 2024
    Days on Market:
    742
    Last Refresh:
    Apr 5 at 8:31 pm

    Property Features for 3747 117th St E

    General Information

    Standard status
    Active
    Size
    144,474 SF
    Lot size
    24.35 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 3747 117th St E Contact us

    We can help!

    Listing Contact
    Christopher Hickok

    Listing agent Christopher Hickok

    Listing office JLL

    Listing date Apr 19, 2024

    Source Moodyscre

    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 JLL

    Overview

    Inver Grove Heights Industrial Property

    This industrial property in Inver Grove Heights, MN, offers 144,474 square feet of space. Outside and trailer storage are available. The property has potential for rail access. A service station is located adjacent to the property, featuring a large truck courtyard, trucker accommodations including a Subway restaurant and truck mechanic, and a scale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Truck terminals

    Suggested Use

    Restaurant Building Supply Food Market Big Box & Wholesale Store Auto Repair Shop Parking Lot & Garage Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Inver Grove Heights
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.0292
    Latitude
    44.7814

    Nearby Similar for Lease

    • Contact for pricing

      Inver Grove Heights Office Space

      Move-in ready office space in Inver Grove Heights, Minnesota.
      5810 Blackshire Path, Inver Grove Heights, MN, 55076
      View Details
    • $17 SF/Yr

      Retail Space Near Highway Intersection

      Retail space available near major retailers and highway intersection.
      9041 Broderick Blvd, Inver Grove Heights, MN 55076
      View Details
    • Contact for pricing

      Inver Grove Heights Clinical Space

      18,262 SF clinical space available for sublease in Inver Grove Heights.
      5565 Blaine Ave E, Inver Grove Heights, MN
      View Details
    • $17 SF/Yr

      Retail Space Near Major Retailers

      Retail space available near Highways 55, 52, and Broderick Boulevard.
      9041-9061 Broderick Blvd, Inver Grove Heights, MN
      View Details
    • Contact for pricing

      Inver Grove Heights Warehouse Space

      Warehouse/industrial space available for lease in Inver Grove Heights, MN.
      6240-6250 Carmen Ave E, Inver Grove Heights, MN
      View Details
    • Contact for pricing

      Industrial Space with Highway Access

      48,000 SF industrial space with excellent highway visibility.
      1620 80th St E, Inver Grove Heights, MN
      View Details
    • Contact for pricing

      Former Fantastic Sam's Retail Space

      Retail space with equipment in place, ready for occupancy.
      5870 Blaine Ave E, Inver Grove Heights, MN 55076
      View Details
    • Contact for pricing

      Retail Space on South Robert

      Retail space with high visibility and pylon signage available.
      5440-5480 S Robert Trl , Inver Grove Heights, MN
      View Details
    • Contact for pricing

      Retail Space in Inver Grove

      Retail spaces available with high traffic and established co-tenants.
      9070-9092 Buchanan Trl, Inver Grove Heights, MN
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office spaces ranging from 695 to 3,992 square feet available.
      5565 Blaine Ave E, Inver Grove Heights, MN 55076
      View Details
    • Contact for pricing

      Retail Space in Inver Grove

      Retail spaces available with high traffic and established co-tenants.
      9070 - 9092 Buchanan Trail, Inver Grove Heights, MN 55076
      View Details
    • Contact for pricing

      Modern Office/Warehouse Space Available

      120,000 SF office/warehouse with subdivision options and highway access.
      Argenta Trl, Inver Grove Heights, MN
      View Details

    FAQs

    What type of property is this?
    Truck terminal - Large industrial property with outside and trailer storage available.
    Where is this truck terminal located?
    The property is located at 3747 117th St E Inver Grove Heights, MN.
    What are key features of this property?
    This property features: Large truck courtyard available.; Trucker's accommodations on site include Subway restaurant and truck mechanic.; Scale located adjacent to the property.
    (612) 419-9070 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Christopher Hickok
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!