Renovated Flex Space with
For Sale
$299,000
2225 Highway 63 N, Stewartville, MN 55976
Renovated offices pair with a heated, finished garage and fenced outdoor storage area.
Property Size3,068 SF
Price / SF$97.46
Days on Market89
Property Features for 2225 Highway 63 N
General Information
Standard status
Active
Size
3,068 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Power
200 amps
Heavy Power
Yes
Building Details
Year Built
1964
Listing Agency:
eXp Realty
Listed By:
Steven Eischens
(612) 240-3570
Source:
Homesminn
Added: Jul 20
Changed: Sep 25
Last Checked: Oct 7 at 5:15PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 3,068-square-foot flex property, built in 1964, combines updated office space with attached shop capacity. Recent improvements include new flooring, paint, windows, a front entry door, kitchen finishes, and bathroom updates. The building includes three private offices and one bathroom, while the finished, insulated, heated two-car garage adds practical workspace. Electrical features include a 200-amp basement service, subpanel, and dedicated welding outlet.
A cleared rear lot provides space for equipment storage, commercial vehicle parking, and other outdoor business needs. Much of the site has a breaker-run base, and privacy fencing extends around nearly the full perimeter. The property is located at 2225 Highway 63 N in High Forest Twp, immediately adjacent to the I-90 interchange entering Stewartville and just south of Rochester, with direct positioning along US Highway 63.
A cleared rear lot provides space for equipment storage, commercial vehicle parking, and other outdoor business needs. Much of the site has a breaker-run base, and privacy fencing extends around nearly the full perimeter. The property is located at 2225 Highway 63 N in High Forest Twp, immediately adjacent to the I-90 interchange entering Stewartville and just south of Rochester, with direct positioning along US Highway 63.
Key Highlights
- 3,068‑square‑foot flex property on a 0.??
- Three private offices and one bathroom
- Finished, insulated, heated two‑car garage with welding outlet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,520
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,400
$550.4K
Cap Rate 7%
$393,143
$393.1K
Cap Rate 9%
$305,778
$305.8K
Market Conditions
NOI Build-Up for 3,068 SF
Gross rent
$46.0K $15.00/SF
− Vacancy
−$3.7K −$1.20/SF
EGI
$42.3K $13.80/SF
− OpEx
−$14.8K −$4.83/SF
NOI
$27.5K $8.97/SF
Area
Olmsted County, MN
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,400
Cap Rate 7%
$393,143
Cap Rate 9%
$305,778
Alternative Uses
Best Use
Office B
$546.6K
$478.3K – $637.7K
NOI $38,261 @ 7.0% cap · market cap 12.80%
Second Best
Flex RnD
$393.1K
$344.0K – $458.7K
NOI $27,520 @ 7.0% cap · market cap 9.20%
Theoretical Best
Office A
$809.3K
$708.2K – $944.2K
NOI $56,652 @ 7.0% cap · market cap 18.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
111
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 55976, MN
8,338
Population
3,462
Households
2.4
Avg Household Size
37
Median Age
30%
College-Educated
96%
High-School Grad
91.0 sq mi
ZIP Area
92
Density / Sq Mi
$79,044
Median Household Income
$49,839
Median Earnings
$977
Median Rent
$277,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Gleason Catering, LLC — 400 Rochester Medical Dr NW, Stewartville, MN 55976
Frequently Asked Questions
What type of property is this?
Flex space - Renovated offices pair with a heated, finished garage and fenced outdoor storage area.
Where is this flex space located?
The property is located at 2225 Highway 63 N Stewartville, MN.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 3,068‑square‑foot flex property on a 0.??; Three private offices and one bathroom; Finished, insulated, heated two‑car garage with welding outlet
