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Flex Warehouse with Mezzanine
For Sale
$825,000

5201 & 5205 Lakeland Avenue North, Minneapolis, MN 55429

Two 2,500 SF industrial units include dedicated drive-in doors and one mezzanine for added storage or workspace.

Property SizeContact for details
Days on Market49

Property Features for 5201 & 5205 Lakeland Avenue North

General Information

Standard status Active
Property subtype Industrial

Building Details

Year Built 1963
Listing Agency: eXp Commercial
Listed By: Scott Naasz · License #MN #40922534
Source: 7s
Added: Jun 24 Changed: Jul 23 Last Checked: Aug 11 at 5:06AM

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 eXp Commercial

Investment Insights

Based on property information with market context.

This versatile industrial property is offered as two separate 2,500 SF units with a functional flex-style layout. Each unit has its own oversized garage door, and the overall configuration includes approximately 25% office space and 75% industrial space. One unit features a 23’ x 38’ mezzanine, providing additional storage or potential workspace area.

Recent improvements include a new roof installed in 2019, new drive-in doors, and new furnaces in both bays. An air conditioning unit in one of the bays was also recently replaced.

The property is designed to support owner-users seeking a mix of office and warehouse space, with quick access to major highways for convenient day-to-day operations.

Key Highlights

  • 5,000 SF total industrial property with two 2,500 SF units
  • Each unit has a dedicated drive‑in/oversized garage door (one per unit)
  • Unit includes a 23' x 38' mezzanine for added storage or workspace

Property Analytics

Current Use

Bill's Economy Glass ... Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Garden Center Parking Lot & Garage HVAC Service

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

Location Intelligence

Trade Area within ½ mile

581
Businesses Nearby
Under-served
Demand for This Use

Demographics for 55429, MN

28,755
Population
10,529
Households
2.7
Avg Household Size
34
Median Age
24%
College-Educated
88%
High-School Grad
6.0 sq mi
ZIP Area
4,793
Density / Sq Mi
$66,661
Median Household Income
$40,255
Median Earnings
$1,253
Median Rent
$267,900
Median Home Value

Market

Vacancy Rate% for Industrial in Minneapolis, MN

7.2% 2019
7.7% 2020
3.6% 2021
3% 2022
4.3% 2023
4.3% 2024
4.7% 2025
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Similar Off Market Nearby

  • African Foods & Gifts 117 Willow Bend, Crystal, MN 55428

Frequently Asked Questions

What type of property is this?
Flex space - Two 2,500 SF industrial units include dedicated drive-in doors and one mezzanine for added storage or workspace.
Where is this flex space located?
The property is located at 5201 & 5205 Lakeland Avenue North Minneapolis, MN.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 5,000 SF total industrial property with two 2,500 SF units; Each unit has a dedicated drive‑in/oversized garage door (one per unit); Unit includes a 23' x 38' mezzanine for added storage or workspace
More about this property
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