16765 198th Ave #56, Big Lake, MN 55309
Secure, gated flex/industrial unit with in-floor heat, a drive-in door, and in-place plumbing for an in-unit bathroom.
- Added:
- Jun 25, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 27 at 3:15 am
Property Features for 16765 198th Ave #56
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2024
Listing office North Star Commercial Real Estate Advisors (612) 819-8285
Listing date Jun 25, 2026
Source 7s
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HighLights
- 1,500 SF (25x60) secure, gated garage condo in a Big Lake industrial/business park
- In‑floor heat plus floor drains for a functional workspace and clean operation
- 12’x16’ drive‑in overhead door with convenient drive‑up access
- Water hookup and plumbing in place for an in‑unit bathroom
- 3‑phase power and recently professionally painted floors
- HOA $185/month covers grass, snow, garbage, insurance, security cameras, and common areas maintenance
Overview
The property is located within a community setting with gated entry and remote access. Highway 10 and Highway 25 provide convenient routes to the area. HOA dues are listed at $185/month and cover common area maintenance, including grass, snow, garbage, insurance, security cameras, and common areas. The community also has a clubhouse available for reservation, featuring a bar and lounge area for meetings, events, or gatherings.
This unit is a strong fit for contractors, small businesses, storage users, or hobbyists seeking a clean, controlled-access space with essential utilities already in place. The combination of drive-up convenience, in-floor heat, and plumbing readiness can help streamline operations for users who need more than standard dry storage.
Local Financial Insights For Flex RnD
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 | $32.9k | $21.96 |
| − Vacancy | −$1.6k | −$1.10 |
| EGI | $31.3k | $20.86 |
| − OpEx | −$11.0k | −$7.30 |
| NOI | $20.3k | $13.56 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Big Lake
- County
- Sherburne
- State
- Minnesota
- Longitude
- -93.694894
- Latitude
- 45.3302572
