1200 N 10th Street Lake City, MN 55041
Flex space storage condos with concrete floors and oversized overhead doors, offered as individual units for ownership.
Property Features for 1200 N 10th Street
General Information
- Standard status
- Active
- Size
- 1,125 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2023
Listing office Lakeshore Real Estate Krage & (651) 380-8516
Listing date Jul 10, 2026
Source Juverealestate
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Investment Insights
Based on property information with market context.
Access is supported by an oversized 14' x 14' overhead door intended for easy move-in and equipment storage. The interiors are described as ready for the buyer’s finishes and upgrades.
Each condo unit is configured around storage-friendly access and basic mechanical and electrical infrastructure, while allowing additional build-out options such as adding workspace elements or expanding plumbing as desired.
Key Highlights
- 5 flex space storage condos for individual ownership, built in 2023
- Each unit offers 1,125 sq. ft. (25' x 45') with concrete floor and durable steel roof
- Oversized 14' x 14' overhead door provides easy access for vehicles and equipment
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $10.1k | $9.00 |
| − Vacancy | −$506 | −$0.45 |
| EGI | $9.6k | $8.55 |
| − OpEx | −$1.4k | −$1.28 |
| NOI | $8.2k | $7.27 |
