Flex Space Building with Drive-In
For Sale
Contact for pricing
1501 101st NE, Blaine, MN 55449
Heavily industrial zoned flex space with seven drive-in doors, radiant heat, and floor drains in all bays.
Property Size15,000 SF
Price / SF$153.33
Days on Market23
Property Features for 1501 101st NE
General Information
Standard status
Active
Size
15,000 SF
Property subtype
INDUSTRIAL
Zoning
Heavy Industrial
Warehouse & Industrial
Clear Height
14.5 ft
Warehouse Space
14,600 SF
Office Build-Out
400 SF
Drive-In Doors
7
Voltage
480 V
Three-Phase Power
Yes
Sprinkler System
Yes
Additional Details
Asking Price
$2,300,000
Building Details
Buildings
1
Building Size
15,000 SF
Listing Agency:
Service Industrial MN
(612) 666-4883
Listed By:
Jack Crawford
(612) 666-4883
Source:
Moodyscre
Added: Jul 9
Changed: Jul 30
Last Checked: Jul 31 at 4:58AM
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 Service Industrial MN
Investment Insights
Based on property information with market context.
Flex space manufacturing and warehouse building totaling 15,000 SF, including approx 400 SF of office space and approx 14,600 SF of production/shop area. The building is served by five 14' tall drive-ins and two 12' tall drive-ins, with floor drains in all 7 bays. Site features include heavy industrial zoning, plus up to 29,360 SF (2/3 acre) potential outside storage.
The facility is equipped with 208V to 480V three-phase power service, flammable waste trap, and a fire suppression system. It also includes a bridge crane and radiant heat throughout, along with an air make-up system. Three existing restrooms are currently in place, and the clear height is 14' 6".
The building is designed to support multi-tenant use with water & restroom stubs to five bays, water and convertible electrical metering, and convertible gas metering. Separate water meters are also available, supporting independent service arrangements between potential tenants.
The facility is equipped with 208V to 480V three-phase power service, flammable waste trap, and a fire suppression system. It also includes a bridge crane and radiant heat throughout, along with an air make-up system. Three existing restrooms are currently in place, and the clear height is 14' 6".
The building is designed to support multi-tenant use with water & restroom stubs to five bays, water and convertible electrical metering, and convertible gas metering. Separate water meters are also available, supporting independent service arrangements between potential tenants.
Key Highlights
- 15,000 SF manufacturing/warehouse building with approx 400 SF office and approx 14,600 SF production/shop space
- Heavy industrial zoning plus up to 29,360 SF (2/3 acre) potential outside storage
- Seven drive‑in doors: five 14' tall and two 12' tall
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $234.0k | $15.60 |
| − Vacancy | −$9.8k | −$0.66 |
| EGI | $224.2k | $14.94 |
| − OpEx | −$33.6k | −$2.24 |
| NOI | $190.5k | $12.70 |
15,000 SF · lease $15.60/SF/yr · vacancy 4.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.72M
$2.38M – $3.18M
NOI $190,546 @ 7.0% cap · market cap 8.28%
Second Best
Industrial
$2.24M
$1.96M – $2.62M
NOI $156,920 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$4.44M
$3.89M – $5.18M
NOI $311,004 @ 7.0% cap · market cap 13.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
14 ft
Clear height
7
Drive-in doors
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 55449, MN
33,321
Population
11,824
Households
2.8
Avg Household Size
36
Median Age
47%
College-Educated
96%
High-School Grad
21.4 sq mi
ZIP Area
1,557
Density / Sq Mi
$128,750
Median Household Income
$61,714
Median Earnings
$1,723
Median Rent
$422,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Heavily industrial zoned flex space with seven drive-in doors, radiant heat, and floor drains in all bays.
Where is this flex space located?
The property is located at 1501 101st NE Blaine, MN.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 15,000 SF manufacturing/warehouse building with approx 400 SF office and approx 14,600 SF production/shop space; Heavy industrial zoning plus up to 29,360 SF (2/3 acre) potential outside storage; Seven drive‑in doors: five 14' tall and two 12' tall
