Building Details

Buildings 2

Listing Agency: CBRE Minneapolis

Listed By: Hunter Weir · License #40808145 Show Phone

Source: Crexi

Added: Aug 28 Changed: Oct 10 Last Checked: Oct 19 at 4:23AM

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Investment Insights

Based on property information with market context.

This industrial portfolio combines two properties in Newport, Minnesota. The offering includes 155 21st St., a 14,250-square-foot property, and 2131 2nd Ave., containing 2,982 square feet. Together, the properties total 17,232 square feet and are being presented as one portfolio offering.

Key Highlights

• Portfolio includes 155 21st St. and 2131 2nd Ave. in Newport, MN
• 155 21st St. contains 14,250 square feet
• 2131 2nd Ave. contains 2,982 square feet

Property Analytics

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Current Use

Industrial properties

Suggested Use

Top Pick Real Estate Agency Law Firm Storage Facility Parking Lot & Garage (Bike/Boat/Book/etc) Store Electrical 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

198

Businesses Nearby

Explore this area Business Placement

Demographics for 55055, MN

3,797

Population

2,001

Households

1.9

Avg Household Size

37

Median Age

25%

College-Educated

92%

High-School Grad

3.6 sq mi

ZIP Area

1,055

Density / Sq Mi

$63,365

Median Household Income

$41,118

Median Earnings

$1,080

Median Rent

$331,300

Median Home Value

Market

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

Similar For Sale Nearby

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Flex Space with Shop and Offices

155 21st Street & 2131 2nd Ave, Newport, MN 55055

Contact for pricing

3.20 Acres

View details

Office Units with Flex Space

2350 Hastings Ave, Newport, MN 55055

Contact for pricing

5,162 SF

View details

Frequently Asked Questions

What type of property is this?

Industrial property - Two industrial properties are offered together as a single portfolio.

Where is this industrial property located?

The property is located at 155 21st St Newport, MN.

What are key features of this property?

This property features: Portfolio includes 155 21st St. and 2131 2nd Ave. in Newport, MN; 155 21st St. contains 14,250 square feet; 2131 2nd Ave. contains 2,982 square feet