Building Details

Buildings 2

Listing Agency: CBRE - Minnesota Show Phone

Listed By: Myles Harnden Show Phone

Source: Moodyscre

Added: Sep 1 Changed: Sep 2 Last Checked: Sep 2 at 2:11PM

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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

Property Profile

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

Questions? Ask Rey

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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