Mixed-Use Business Center
2 Enterprise Ave NE, Isanti, MN 55040
For Sale
Contact for pricing
Commercial complex with shared parking, single-phase power, and an additional lot.
Property Size12,800 SF
Price / SF$125
Days on Market100
Property Features for 2 Enterprise Ave NE
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Lease Type
Investment Type
Additional Details
Utilities to Site
Building Details
Year Built
Buildings
Units
Tenancy
Listing Agency:
RIC Properties
Listed By:
Bryce Thompson · License MN #40689317
(612) 355-0751
Source:
Crexi
Added: Aug 5
Changed: Nov 12
Last Checked: Nov 12 at 7:33AM
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 RIC Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Building A is a 12,800-square-foot mixed-use property within a commercial complex completed in 2006. The building has single-phase power, 40 shared parking spaces, and one currently vacant suite.
The property also includes an additional lot, providing land associated with the business center. It is located in Isanti, Minnesota, at 2 Enterprise Ave NE.
The property also includes an additional lot, providing land associated with the business center. It is located in Isanti, Minnesota, at 2 Enterprise Ave NE.
Key Highlights
- 12,800‑square‑foot mixed‑use building
- Commercial complex built in 2006
- Single‑phase power service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,485
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,889,700
$2.9M
Cap Rate 7%
$2,064,071
$2.1M
Cap Rate 9%
$1,605,389
$1.6M
Market Conditions
NOI Build-Up for 12,800 SF
Gross rent
$238.1K $18.60/SF
− Vacancy
−$6.9K −$0.54/SF
EGI
$231.2K $18.06/SF
− OpEx
−$86.7K −$6.77/SF
NOI
$144.5K $11.29/SF
Area
Isanti County, MN
Vacancy
2.90%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,889,700
Cap Rate 7%
$2,064,071
Cap Rate 9%
$1,605,389
Alternative Uses
Best Use
Mixed Use
$2.06M
$1.81M – $2.41M
NOI $144,485 @ 7.0% cap · market cap 9.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.05M
$2.67M – $3.56M
NOI $213,767 @ 7.0% cap · market cap 13.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
139
Businesses Nearby
Explore this area
Business Placement
Demographics for 55040, MN
13,941
Population
5,635
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
90%
High-School Grad
98.1 sq mi
ZIP Area
142
Density / Sq Mi
$88,576
Median Household Income
$48,975
Median Earnings
$1,298
Median Rent
$287,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial complex with shared parking, single-phase power, and an additional lot.
Where is this mixed-use property located?
The property is located at 2 Enterprise Ave NE Isanti, MN.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 12,800‑square‑foot mixed‑use building; Commercial complex built in 2006; Single‑phase power service
