Luxury Vehicle Storage
16765 198th Avenue NW, Big Lake, MN 55309
Commercial - Big Lake, MN
Property size:
1,500 SFLot size:
0.04 AcresPrice / SF:
$199/SF- Added:
- May 31, 2025
- Days on Market:
- 378
- Last Refresh:
- Jun 12 at 7:06 am
Property Features for 16765 198th Avenue NW
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Business/Commercial,Other
- Parking features
- Driveway, Garage, Guest, Heated, RV, Secured
- Exterior features
- Metal
- Standard status
- Active
- APN
- 65006050405
- Size
- 1,500 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3000
Utilities
- Heating system
- Ductless (Heating)
- Cooling system
- Ductless
Building Details
- Year built
- 2022
- Flooring type
- Concrete, Drainage, Other
- Roof type
- Metal
- Architectural style
- Other
Listing agent John Olson (763) 568-3527
Listing office Fish MLS Realty 11140 Zealand Avenue N, Champlin, MN (763) 717-7200
Listing date May 31, 2025
MLS# 6730447
Listing URL
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Oversized 60’ x 25’ end unit car condo with 14’ x 14’ commercial‑grade overhead door.
- Secure, gated campus with 24/7 automated access and smartphone‑enabled security cameras.
- Mezzanine loft (14’ x 25’) featuring handcrafted wood finishes, built‑in cabinetry, and a bar area.
- Equipped for vehicle maintenance: concrete floors suitable for lifts and an 8’ floor drain.
- Year‑round comfort with in‑floor radiant heat (Wi‑Fi controlled) and mini‑split air conditioning.
- Modern amenities include 100 AMP electrical service, LED high bay lighting, and fiber optic high‑speed internet.
Overview
This end unit car condo offers natural light, privacy, and minimal shared walls. The space measures 60 feet deep by 25 feet wide and features a 14 x 14 foot commercial-grade overhead door suitable for oversized vehicles, boats, or RVs. The unit includes concrete floors suitable for 4-post lifts and footings prepped for 2-post lifts, steel interior walls, and R50 ceiling insulation. An 8-foot floor drain facilitates car washing or workshop use, while in-floor radiant heat (Wi-Fi controlled) and mini-split air conditioning ensure year-round comfort. The interior features epoxy-coated concrete floors, a powder bath, and a 14 x 25 foot mezzanine loft with handcrafted wood finishes, built-in white wood cabinetry, custom wrought iron railings, and commercial-grade LVT flooring. A bar area includes porcelain tile floors, under-bar accent lighting, and solid wood countertops. Modern conveniences include 100 AMP electrical service, LED high bay lighting, fiber optic high-speed internet, and sliding, ventilating high-efficiency windows. The secure gated campus provides 24/7 automated access, smartphone-enabled security cameras, and a community clubhouse. HOA dues cover trash removal, landscaping, snow removal, internet, and security features. The property has Key West-inspired architecture and cold water spigots inside and out. The property is located in Big Lake, MN, with zoning for Business/Commercial use.
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 |
1,500 SF · lease $21.96/SF/yr · vacancy 5.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$290.6K
$254.3K – $339.0K
NOI $20,340 @ 7.0% cap · market cap 6.78%
Second Best
Retail
$263.9K
$230.9K – $307.9K
NOI $18,475 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$357.9K
$313.1K – $417.5K
NOI $25,051 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Busted Knuckle Garage ...
Association Or Organization
Big Lake Car ...
Storage Facility
Similar Places Nearby
- H2Outfitters Marine & Sport Repair — 17207 198th Ave, Big Lake, MN 55309
Location Insight
- Map
- Local Demand
- City
- Big Lake
- County
- Sherburne
- State
- Minnesota
- Longitude
- -93.6911657
- Latitude
- 45.3302904
Nearby Similar for Sale
FAQs
What type of property is this?
Parking lot & garage - Car condo with high-end finishes and security features.
Where is this parking lot & garage located?
The property is located at 16765 198th Avenue NW Big Lake, MN.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Oversized 60’ x 25’ end unit car condo with 14’ x 14’ commercial‑grade overhead door.; Secure, gated campus with 24/7 automated access and smartphone‑enabled security cameras.; **Mezzanine loft (14’ x 25’) featuring handcrafted wood finishes, built‑in cabinetry, and a bar area.**
