13720 Lincoln Street NE, Ham Lake, MN 55304

Listing Agency: Premier Commercial Properties

Listed By: Marty Fisher · License MN #20426047 Show Phone

Source: Crexi

Added: Oct 30 Changed: Nov 13 Last Checked: Nov 12 at 5:38AM

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Investment Insights

Based on property information with market context.

The offering is an industrial property containing 15,392 square feet. It is located at 13720 Lincoln Street NE in Ham Lake, Minnesota.

Key Highlights

• 15,392 square feet of industrial space
• Located at 13720 Lincoln Street NE, Ham Lake, MN 55304

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$167,214

Cap Rate

7.96%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,344,280 $3.3M

Cap Rate 7%

$2,388,771 $2.4M

Cap Rate 9%

$1,857,933 $1.9M

Is this asking price fair?

Market Conditions

NOI Build-Up for 15,392 SF

Gross rent

$249.4K $16.20/SF

− Vacancy

−$10.5K −$0.68/SF

EGI

$238.9K $15.52/SF

− OpEx

−$71.7K −$4.66/SF

NOI

$167.2K $10.86/SF

Area

Anoka County, MN

Vacancy

4.20%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,344,280

Cap Rate 7%

$2,388,771

Cap Rate 9%

$1,857,933

Alternative Uses

Best Use

Industrial

$2.39M

$2.09M – $2.79M (±1% cap)

NOI $167,214 @ 7.0% cap · market cap 7.96%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$4.28M

$3.74M – $4.99M (±1% cap)

NOI $299,280 @ 7.0% cap · market cap 14.25%

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

Property Analytics

Current Use

Industrial properties

Suggested Use

Top Pick Building Supply Auto Parts Store HVAC Service Electrical Service (Bike/Boat/Book/etc) Store Law Firm

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

21

Businesses Nearby

Explore this area Business Placement

Demographics for 55304, MN

49,128

Population

17,318

Households

2.8

Avg Household Size

40

Median Age

37%

College-Educated

96%

High-School Grad

68.6 sq mi

ZIP Area

716

Density / Sq Mi

$127,145

Median Household Income

$60,835

Median Earnings

$1,628

Median Rent

$402,600

Median Home Value

Market

Properties on Market for Industrial properties in Anoka 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?

Industrial property - A 15,392-square-foot industrial property is offered for sale.

Where is this industrial property located?

The property is located at 13720 Lincoln Street NE Ham Lake, MN.

What is the asking price?

The asking price for this property is $2,100,000.

What are key features of this property?

This property features: 15,392 square feet of industrial space; Located at 13720 Lincoln Street NE, Ham Lake, MN 55304