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Flex Space with Shop and Offices
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155 21st Street & 2131 2nd Ave, Newport, MN 55055

Combined shop and office improvements support a range of commercial and industrial operations.

Property Size17,232 SF
Lot Size3.20 Acres
Days on Market3

Property Features for 155 21st Street & 2131 2nd Ave

General Information

Standard status Active
Size 17,232 SF
Lot size 3.20 Acres
Property subtype Industrial

Additional Details

Office Build-Out 2,982 SF

Building Details

Building Size 17,232 SF
Listing Agency: CBRE - Minnesota
Listed By: Myles Harnden
Source: Cbre
Added: Aug 30 Changed: Aug 31 Last Checked: Aug 31 at 2:54PM

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 CBRE - Minnesota

Investment Insights

Based on property information with market context.

This flex property includes an estimated 17,232 square feet of building area across shop and office components. The shop portion measures approximately 14,250 square feet, while the office area contains an estimated 2,982 square feet, creating a practical mix of operational and administrative space.

The property encompasses approximately 3.2 acres at 155 21st Street and 2131 2nd Ave in Newport, Minnesota. Its scale and division between shop and office areas provide a defined commercial configuration for users seeking both workspace and business support areas.

Key Highlights

  • Estimated 17,232 SF total building area
  • Estimated 14,250 SF shop area
  • Estimated 2,982 SF office area

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage HVAC Service Law Firm Nail Salon Bakery

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

127
Businesses Nearby
Balanced
Demand for This Use

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
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Frequently Asked Questions

What type of property is this?
Flex space - Combined shop and office improvements support a range of commercial and industrial operations.
Where is this flex space located?
The property is located at 155 21st Street & 2131 2nd Ave Newport, MN.
What are key features of this property?
This property features: Estimated 17,232 SF total building area; Estimated 14,250 SF shop area; Estimated 2,982 SF office area
More about this property
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