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Hugo Flex Space For Rent
For Lease
$7 SF/Yr

15587 Forest Blvd N, Hugo, MN 55038

Flex space with office and warehouse components, available December 2023.

Space Size3,600 SF
Days on Market197

Property Features for 15587 Forest Blvd N

General Information

Standard status Active
Size 3,600 SF
Property subtype Office
Lease Term NNN

Spaces For Lease

at 15587 Forest Blvd N Contact us

Suite 2 $7 – $14/SF/Yr

Size
3,600 SF
Term
Negotiable
Contact us
Listing Agency: Cetra Partners
Listed By: Dan Friedner
Source: Nmrk
Added: Jan 27 Changed: Aug 11 Last Checked: Aug 12 at 4:52AM

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 Cetra Partners

Investment Insights

Based on property information with market context.

This flex space, available December 1, 2023, features frontage on Highway 61 and convenient access to I-35E. The property comprises 800 square feet of office space and 2,800 square feet of warehouse space, totaling 3,600 square feet. It includes one 12'x12' drive-in door. The monthly gross rent is $3,736.67, plus gas, electric, phone/data, and trash removal.

Key Highlights

  • Convenient Access to I‑35E
  • Highway 61 Frontage
  • 2,800 Sq. Ft. Warehouse for your business needs

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick HVAC Service Auto Repair Shop Furniture & Home Goods Carpet & Flooring Store Kitchen & Bath Showroom Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.05 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

76
Businesses Nearby
Balanced
Demand for This Use

Demographics for 55038, MN

23,735
Population
9,355
Households
2.5
Avg Household Size
39
Median Age
49%
College-Educated
98%
High-School Grad
50.5 sq mi
ZIP Area
470
Density / Sq Mi
$127,194
Median Household Income
$67,946
Median Earnings
$1,844
Median Rent
$408,000
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Flex space with office and warehouse components, available December 2023.
Where is this flex space located?
The property is located at 15587 Forest Blvd N Hugo, MN.
What is the lease rate?
The lease rate is $7 SF/Yr.
What are key features of this property?
This property features: Convenient Access to I‑35E; Highway 61 Frontage; 2,800 Sq. Ft. Warehouse for your business needs
More about this property
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