Automotive Shop with
1325 29th Street, Cloquet, MN 55734
For Sale
Contact for pricing
Finished automotive facility with multiple service bays, overhead doors, heating systems, and an adaptable shop layout.
Property Size5,016 SF
Price / SF$158.49
Days on Market92
Property Features for 1325 29th Street
General Information
Standard status
Size
Property subtype
Amenities
service counter
overhead drive-in doors
in-floor heat
finished and insulated interior
floor drains
cleanout
hoist
full bathroom with shower
storage loft
3-phase power
power converter
forced-air furnace
gas overhead heaters
overhead door
drive-through building
Building Details
Year Built
Year Renovated
Buildings
Listing Agency:
Follmer Commercial Real Estate
Listed By:
Greg Follmer · License MN #27078
(218) 310-0013
Source:
Crexi
Added: Aug 10
Changed: Nov 7
Last Checked: Nov 8 at 9:02AM
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 Follmer Commercial Real Estate
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Investment Insights
Based on property information with market context.
This automotive property combines a 2,016 SF wood-frame shop with a 3,000 SF steel-frame addition completed in 2023, creating 5,016 SF of finished commercial space. Both areas are insulated and finished, with service-counter space, a full bathroom with shower, storage loft, floor drains, and cleanout. The original shop includes in-floor heat, while the newer addition has a forced-air furnace with gas overhead heaters.
Vehicle access is supported by two 14-foot overhead drive-in doors in the original shop, along with a 14-foot overhead door and drive-through configuration in the addition. The building also features 3-phase power with a power converter, and the existing hoist may remain. The property is located at 1325 29th St in Cloquet, Minnesota.
Vehicle access is supported by two 14-foot overhead drive-in doors in the original shop, along with a 14-foot overhead door and drive-through configuration in the addition. The building also features 3-phase power with a power converter, and the existing hoist may remain. The property is located at 1325 29th St in Cloquet, Minnesota.
Key Highlights
- 5,016 SF total, including a 2,016 SF wood‑frame shop and 3,000 SF steel‑frame addition
- 3,000 SF addition completed in 2023
- Two 14‑foot overhead drive‑in doors in the original shop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,401
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$948,020
$948.0K
Cap Rate 7%
$677,157
$677.2K
Cap Rate 9%
$526,678
$526.7K
Market Conditions
NOI Build-Up for 5,016 SF
Gross rent
$75.2K $15.00/SF
− Vacancy
−$7.5K −$1.50/SF
EGI
$67.7K $13.50/SF
− OpEx
−$20.3K −$4.05/SF
NOI
$47.4K $9.45/SF
Area
St. Louis County, MN
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$948,020
Cap Rate 7%
$677,157
Cap Rate 9%
$526,678
Alternative Uses
Best Use
Retail
$677.2K
$592.5K – $790.0K
NOI $47,401 @ 7.0% cap · market cap 5.96%
Second Best
Industrial
$283.4K
$248.0K – $330.7K
NOI $19,841 @ 7.0% cap · market cap 2.50%
Theoretical Best
Specialty Retail
$1.95M
$1.70M – $2.27M
NOI $136,205 @ 7.0% cap · market cap 17.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
53k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Kwik Trip
Shops & Services
40,895 visits/mo
0.3 miles
Holiday Station Store
Shops & Services
12,001 visits/mo
0.2 miles
Demographics for 55734, MN
5,964
Population
3,516
Households
1.7
Avg Household Size
46
Median Age
25%
College-Educated
96%
High-School Grad
78.2 sq mi
ZIP Area
76
Density / Sq Mi
$65,750
Median Household Income
$47,015
Median Earnings
$851
Median Rent
$143,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Cars Towing — 1325 29th St, Cloquet, MN 55720
- North American Trailer — 1325 MN-45, Cloquet, MN 55720
- ABRA Auto Body Cloquet — 3206 River Gate Ave, Scanlon, MN 55720
- Cloquet Automotive — 1310 18th St, Cloquet, MN 55720
Frequently Asked Questions
What type of property is this?
Auto shop - Finished automotive facility with multiple service bays, overhead doors, heating systems, and an adaptable shop layout.
Where is this auto shop located?
The property is located at 1325 29th Street Cloquet, MN.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 5,016 SF total, including a 2,016 SF wood‑frame shop and 3,000 SF steel‑frame addition; 3,000 SF addition completed in 2023; Two 14‑foot overhead drive‑in doors in the original shop
