Flex Space with Drive-In
For Sale
$1,985,000
13435 60th St N, Stillwater, MN 55082
B-4-zoned flex space with showroom, warehouse, and front parking.
Property Size14,544 SF
Lot Size1.13 Acres
Price / SF$136.48
Days on Market187
Property Features for 13435 60th St N
General Information
Standard status
Active
Size
14,544 SF
Lot size
1.13 Acres
Zoning
B-4
Additional Details
Traffic Count
29,000 vehicles/day
Taxes and HOA fees
Annual Taxes
$25,162
Building Details
Year Built
1966
Building Size
14,544 SF
Listing Agency:
Edina Realty, Inc.
(952) 944-7107
Listed By:
Edward Hanlon
(612) 369-2287
Source:
Exprealty
Added: Apr 13
Changed: Oct 11
Last Checked: Oct 15 at 4:46AM
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 Edina Realty, Inc.
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Investment Insights
Based on property information with market context.
This 14,544-square-foot flex property combines showroom and warehouse space in a single-tenant building formerly used as a furniture store. The building was constructed in 1966 and includes a drive-in warehouse area, with off-street parking positioned in front. The property occupies 1.13 acres and is zoned B-4.
Visibility along Hwy 36 is supported by reported traffic counts of 29,000 VPD. The surrounding retail setting includes Target, Menard, Discount Tire, and restaurants. The site can accommodate an owner-occupant or investment use, subject to applicable zoning and operating requirements.
Visibility along Hwy 36 is supported by reported traffic counts of 29,000 VPD. The surrounding retail setting includes Target, Menard, Discount Tire, and restaurants. The site can accommodate an owner-occupant or investment use, subject to applicable zoning and operating requirements.
Key Highlights
- 14,544 SF showroom/warehouse building on 1.13 acres
- Drive‑in warehouse area with front off‑street parking
- Highway 36 visibility with traffic counts of 29,000 VPD
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$170,427
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,408,540
$3.4M
Cap Rate 7%
$2,434,671
$2.4M
Cap Rate 9%
$1,893,633
$1.9M
Market Conditions
NOI Build-Up for 14,544 SF
Gross rent
$261.8K $18.00/SF
− Vacancy
−$18.3K −$1.26/SF
EGI
$243.5K $16.74/SF
− OpEx
−$73.0K −$5.02/SF
NOI
$170.4K $11.72/SF
Area
Washington County, MN
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,408,540
Cap Rate 7%
$2,434,671
Cap Rate 9%
$1,893,633
Alternative Uses
Best Use
Warehouse
$2.74M
$2.40M – $3.20M
NOI $191,860 @ 7.0% cap · market cap 9.67%
Second Best
Retail
$2.43M
$2.13M – $2.84M
NOI $170,427 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$4.04M
$3.53M – $4.71M
NOI $282,791 @ 7.0% cap · market cap 14.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
29,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,169
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55082, MN
36,441
Population
15,493
Households
2.4
Avg Household Size
46
Median Age
53%
College-Educated
97%
High-School Grad
79.2 sq mi
ZIP Area
460
Density / Sq Mi
$117,538
Median Household Income
$58,615
Median Earnings
$1,439
Median Rent
$459,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - B-4-zoned flex space with showroom, warehouse, and front parking.
Where is this flex space located?
The property is located at 13435 60th St N Stillwater, MN.
What is the asking price?
The asking price for this property is $1,985,000.
What are key features of this property?
This property features: 14,544 SF showroom/warehouse building on 1.13 acres; Drive‑in warehouse area with front off‑street parking; Highway 36 visibility with traffic counts of 29,000 VPD
