Multi-Tenant Industrial
1300 SECOND AVE NW, Stewartville, MN 55976
For Sale
Contact for pricing
Industrial building with established tenants and additional space becoming available for an owner-user.
Property Size8,976 SF
Price / SF$133.69
Days on Market102
Property Features for 1300 SECOND AVE NW
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Units
Building Size
Tenancy
Listing Agency:
LOAM Commercial Real Estate
Listed By:
Jay Christenson · License MN #8272275
(507) 251-4853
Source:
Crexi
Added: Aug 3
Changed: Nov 12
Last Checked: Nov 12 at 6:16AM
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 LOAM Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 8,976-square-foot industrial property contains multiple tenant spaces and was constructed in 1984. Additional space is expected to become available, creating flexibility for an owner-user while retaining existing tenancy within the building.
The property is located at 1300 Second Ave NW in Stewartville, Minnesota, a short drive from Rochester. Its position along Second Avenue NW provides a visible setting for the industrial asset.
The property is located at 1300 Second Ave NW in Stewartville, Minnesota, a short drive from Rochester. Its position along Second Avenue NW provides a visible setting for the industrial asset.
Key Highlights
- 8,976 s/f industrial property
- Multiple tenants currently in place
- Additional space coming available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,703
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,054,060
$1.1M
Cap Rate 7%
$752,900
$752.9K
Cap Rate 9%
$585,589
$585.6K
Market Conditions
NOI Build-Up for 8,976 SF
Gross rent
$80.8K $9.00/SF
− Vacancy
−$5.5K −$0.61/SF
EGI
$75.3K $8.39/SF
− OpEx
−$22.6K −$2.52/SF
NOI
$52.7K $5.87/SF
Area
Olmsted County, MN
Vacancy
6.80%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,054,060
Cap Rate 7%
$752,900
Cap Rate 9%
$585,589
Alternative Uses
Best Use
Industrial
$752.9K
$658.8K – $878.4K
NOI $52,703 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.37M
$2.07M – $2.76M
NOI $165,746 @ 7.0% cap · market cap 13.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
Explore this area
Business Placement
Demographics for 55976, MN
8,338
Population
3,462
Households
2.4
Avg Household Size
37
Median Age
30%
College-Educated
96%
High-School Grad
91.0 sq mi
ZIP Area
92
Density / Sq Mi
$79,044
Median Household Income
$49,839
Median Earnings
$977
Median Rent
$277,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Industrial properties in Olmsted County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - Industrial building with established tenants and additional space becoming available for an owner-user.
Where is this industrial property located?
The property is located at 1300 SECOND AVE NW Stewartville, MN.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 8,976 s/f industrial property; Multiple tenants currently in place; Additional space coming available
