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    Two-Story Childcare Facility with Walkout Title is generated by Realmo AI

    14859 Louisiana Avenue S, Savage, MN 55378

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    Claim this Listing
    New
    For Sale
    $550,000

    Commercial - Savage, MN

    Property size:
    5,300 SF
    Lot size:
    1.82 Acres
    Price / SF:
    $103/SF
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 6:06 pm

    Property Features for 14859 Louisiana Avenue S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Business/Commercial,Other
    Parking features
    Driveway, Parking Lot, Paved or Surfaced
    Exterior features
    Cedar, Wood
    Appliances
    Dryer, Microwave, Range, Refrigerator
    Standard status
    Active
    APN
    269290370
    Lot size
    1.82 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    12158.46

    Utilities

    Heating system
    Baseboard, Hot Water (Heating)
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1976
    Architectural style
    Other

    We can help!

    Listing Contact
    Josephine Marie Johnson

    Listing agent Josephine Marie Johnson

    Listing office Keller Williams Realty Integrity 7401 Metro Blvd No. 350, Edina, MN

    Listing date Jun 5, 2026

    MLS# 7045726 Listing URL

    Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Approximately 5,300 SF two‑level commercial building built in 1976
    • Currently configured as a childcare facility with multiple classrooms, offices, restrooms, and gathering/support spaces
    • Walkout lower level with natural light and an adaptable interior layout
    • Ample on‑site parking with driveway plus parking lot on paved or surfaced surfaces
    • Heat: baseboard and hot water (heating); cooling: wall unit(s)
    • Freshly painted and professionally cleared out; appliances include microwave, range, and refrigerator

    Overview

    This well-maintained two-level commercial building is currently configured as a childcare facility and designed for everyday program flow. Approximately 5,300 square feet includes multiple classrooms, offices, restrooms, gathering spaces, and support areas, with a walkout lower level that contributes to natural light and practical day-to-day functionality. The property has been freshly painted and professionally cleared out, presenting a clean, ready-for-occupancy environment.

    Set on a spacious, tree-lined site in an established residential neighborhood, the building offers abundant green space and room for outdoor activities. The site includes ample on-site parking, and the location is described as highly accessible with convenient access to major transportation routes.

    The current layout and improvements support an owner-user who wants to continue operating childcare, or an organization looking for an educational or community-focused setting. The building may also be suitable for office use or other repurposing, subject to verification of zoning and permitted uses by the buyer. With its functional floor plan, outdoor space, and immediate usability, this property is positioned for a range of institutional, nonprofit, educational, or commercial users.
    Property Profile Location Intelligence

    Current Use by Public Records

    Day care centers

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Kids Count Daycare — 6880 Boudin St NE, Prior Lake, MN 55372
    • Rocking Horse Ranch — 14859 Louisiana Ave S, Savage, MN 55378
    • A Step Ahead — 14652 Sumter Ave, Savage, MN 55378
    • Primrose School of Prior Lake and Savage — 7459 S Park Dr, Savage, MN 55378

    Location Insight

    • Map
    • Local Demand
    City
    Savage
    County
    Scott
    State
    Minnesota
    Longitude
    -93.368337
    Latitude
    44.734286

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    FAQs

    What type of property is this?
    Day care center - Well-maintained two-level building with multiple classrooms and abundant outdoor space for childcare or other approved uses.
    Where is this day care center located?
    The property is located at 14859 Louisiana Avenue S Savage, MN.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Approximately 5,300 SF two‑level commercial building built in 1976; Currently configured as a childcare facility with multiple classrooms, offices, restrooms, and gathering/support spaces; Walkout lower level with natural light and an adaptable interior layout
    (612) 845-6229
    We can help!
    Listing Contact
    Josephine Marie Johnson
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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