Flex Warehouse with Heated
1270 4th Ave SW Chisholm, MN 55719
For Sale
$435,000
COMMERCIAL - Chisholm, MN
Property Size7,642 SF
Lot Size3.10 Acres
Price / SF$56.92
Days on Market117
Property Features for 1270 4th Ave SW
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 7,642 SF
- Lot size
- 3.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2910
Utilities
- Heating system
- Natural Gas, Forced Air
Building Details
- Year built
- 1984
- Number of units
- 1
- Roof type
- Shingle
Listing Agency:
Sunrise Real Estate, LLC
(218) 341-0645
Listed By:
Mike Dodge
(218) 341-0645
Added: Apr 2
Changed: Jun 10
Last Checked: Jul 27 at 9:06AM
MLS# 6120602
Copyright © 2026 Lake Superior Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex-style industrial property includes heated and unheated shop areas totaling about 7,600+ square feet, set on roughly 3.1 acres of open site for outdoor staging and laydown. The west shop measures 40' x 80' with a 16' x 16' overhead door and 20' ceilings, and it has interior iron in place for a hoist system. A wall can be opened to connect to the SE shop, supporting flexible operational layouts.
The west and east shop areas are supported by additional structures including an insulated and heated SE shop (30' x 40' plus) with a 14' x 14' overhead door, 16'+ ceilings, an overhead hoist, and 3-phase power, with the option to heat by leaving the door open to the east shop. The east shop includes a 60' x 40' area plus a 32' x 28' section, with a north portion featuring a 12' x 12' overhead door and 13' ceilings in the main area. Roof, structural panels, and wood exterior are reported well maintained, along with the grounds and parking.
Offered for sale at 1270 4th Ave SW in Chisholm, MN, the property’s combination of multiple overhead doors, hoist readiness, and outdoor space supports a range of industrial and service uses that benefit from both enclosed work areas and staging room. Its visibility overlooking HWY 169 and access via Iron Drive may help serve customers and deliveries associated with roadway-adjacent operations.
The west and east shop areas are supported by additional structures including an insulated and heated SE shop (30' x 40' plus) with a 14' x 14' overhead door, 16'+ ceilings, an overhead hoist, and 3-phase power, with the option to heat by leaving the door open to the east shop. The east shop includes a 60' x 40' area plus a 32' x 28' section, with a north portion featuring a 12' x 12' overhead door and 13' ceilings in the main area. Roof, structural panels, and wood exterior are reported well maintained, along with the grounds and parking.
Offered for sale at 1270 4th Ave SW in Chisholm, MN, the property’s combination of multiple overhead doors, hoist readiness, and outdoor space supports a range of industrial and service uses that benefit from both enclosed work areas and staging room. Its visibility overlooking HWY 169 and access via Iron Drive may help serve customers and deliveries associated with roadway-adjacent operations.
Key Highlights
- 3+ acre site with 7,600+ SF building overlooking Hwy 169 in Chisholm, MN
- Multiple shop spaces: West shop 40' x 80' with 16' x 16' overhead door and 20' ceilings
- SE shop 30' x 40' plus with 14' x 14' overhead door, 16'+ ceiling, insulated and heated; overhead hoist and 3‑phase power
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 | $44.9k | $5.88 |
| − Vacancy | −$1.8k | −$0.23 |
| EGI | $43.2k | $5.65 |
| − OpEx | −$6.5k | −$0.85 |
| NOI | $36.7k | $4.80 |
7,642 SF · lease $5.88/SF/yr · vacancy 3.90% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$2.57M
$2.25M – $3.00M
NOI $179,843 @ 7.0% cap · market cap 41.34%
Second Best
Warehouse
$524.4K
$458.8K – $611.8K
NOI $36,705 @ 7.0% cap · market cap 8.44%
Theoretical Best
Specialty Retail
$2.96M
$2.59M – $3.46M
NOI $207,511 @ 7.0% cap · market cap 47.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Multi-bay warehouse with heated and unheated shops, multiple overhead doors, and a large open laydown site.
Where is this flex space located?
The property is located at 1270 4th Ave SW Chisholm, MN.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 3+ acre site with 7,600+ SF building overlooking Hwy 169 in Chisholm, MN; Multiple shop spaces: West shop 40' x 80' with 16' x 16' overhead door and 20' ceilings; SE shop 30' x 40' plus with 14' x 14' overhead door, 16'+ ceiling, insulated and heated; overhead hoist and 3‑phase power
