13529 County Road 103 #4, Crosslake, MN 56442

Building Details

Year Built 2007 More

Units 63 More

Listing Agency: Edina Realty, Inc.

Listed By: Kevin Kruchten Show Phone

Source: Getyoumoved

Added: Oct 22 Changed: Nov 7 Last Checked: Nov 10 at 2:44PM

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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 2007 warehouse storage unit measures 26 x 46 feet and has insulation and heat. Interior features include steel ribbed walls and ceiling, concrete flooring, electrical outlets, interior lighting, and a security system. Access is provided by a service door and a 12-foot insulated overhead door equipped with a window and opener.

The property is just south of Crosslake. Business/Commercial zoning is specified. The owners association handles electric service, snow removal, lawn care, building and liability insurance, and exterior maintenance; owners are responsible for natural gas and property taxes.

Key Highlights

• 26 x 46‑foot heated, insulated warehouse storage unit
• Steel ribbed interior walls and ceiling with concrete floor
• 12‑foot insulated overhead door with window and opener

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$8,509

Cap Rate

6.60%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$170,180 $170.2K

Cap Rate 7%

$121,557 $121.6K

Cap Rate 9%

$94,544 $94.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,196 SF

Gross rent

$10.4K $8.71/SF

− Vacancy

−$406 −$0.34/SF

EGI

$10.0K $8.37/SF

− OpEx

−$1.5K −$1.26/SF

NOI

$8.5K $7.11/SF

Area

Crow Wing County, MN

Vacancy

3.90%

Lease Rate

$8.71 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$170,180

Cap Rate 7%

$121,557

Cap Rate 9%

$94,544

Alternative Uses

Best Use

Warehouse

$121.6K

$106.4K – $141.8K (±1% cap)

NOI $8,509 @ 7.0% cap · market cap 6.60%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$253.9K

$222.2K – $296.2K (±1% cap)

NOI $17,774 @ 7.0% cap · market cap 13.78%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Warehouses

Suggested Use

Top Pick Building Supply Garden Center (Bike/Boat/Book/etc) Store HVAC Service Electrical Service Plumbing 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

90

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 56442, MN

2,720

Population

3,415

Households

0.8

Avg Household Size

60

Median Age

34%

College-Educated

96%

High-School Grad

35.2 sq mi

ZIP Area

77

Density / Sq Mi

$85,179

Median Household Income

$45,481

Median Earnings

$1,071

Median Rent

$534,100

Median Home Value

Market

Properties on Market for Warehouses in Crow Wing County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - Steel-lined interiors, a security system, and an insulated overhead door support secure storage use.

Where is this warehouse located?

The property is located at 13529 County Road 103 #4 Crosslake, MN.

What is the asking price?

The asking price for this property is $129,000.

What are key features of this property?

This property features: 26 x 46‑foot heated, insulated warehouse storage unit; Steel ribbed interior walls and ceiling with concrete floor; 12‑foot insulated overhead door with window and opener