Highway Retail and Flex
2401 Hwy 13 W Burnsville, MN 55337
For Sale
Contact for pricing
Freestanding flex/warehouse building with large storefront and monument signage on Highway 13, fully sprinklered and zoned B-4.
Property Size15,352 SF
Price / SF$143.24
Days on Market72
Property Features for 2401 Hwy 13 W
General Information
Standard status
Active
Size
15,352 SF
Property subtype
INDUSTRIAL
Listing Agency:
Newmark
(612) 270-6318
Listed By:
Jim Damiani
(612) 270-6318
Source:
Moodyscre
Added: May 19
Changed: Jul 28
Last Checked: Jul 28 at 9:27AM
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 Newmark
Investment Insights
Based on property information with market context.
This freestanding flex/warehouse property includes a large storefront with monument signage and is fully sprinklered. The building size is 15,352 square feet and was built between 1975 and 1985. Additional mezzanine space exists but is not included in the available square footage shown. Recent roof improvements were completed in 2021, 2023, and 2026.
Located on Highway 13 with frontage visibility across from Super Menards. The zoning is B-4 Highway Commercial, which supports a range of uses including auto repair and service, detailing, retail, office, and warehouse/manufacturing.
The layout and zoning make this building well suited to accommodate multiple tenancy scenarios, subject to approval.
Located on Highway 13 with frontage visibility across from Super Menards. The zoning is B-4 Highway Commercial, which supports a range of uses including auto repair and service, detailing, retail, office, and warehouse/manufacturing.
The layout and zoning make this building well suited to accommodate multiple tenancy scenarios, subject to approval.
Key Highlights
- 15,352 total building size (mezzanine space also available, not included in the stated SF)
- Freestanding flex/warehouse building built 1975–1985 with large storefront and monument signage
- Highway 13 frontage with visibility across from Super Menards
Financial Insights For Industrial
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 | $248.7k | $16.20 |
| − Vacancy | −$10.4k | −$0.68 |
| EGI | $238.3k | $15.52 |
| − OpEx | −$71.5k | −$4.66 |
| NOI | $166.8k | $10.86 |
15,352 SF · lease $16.20/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$2.89M
$2.53M – $3.38M
NOI $202,518 @ 7.0% cap · market cap 9.21%
Second Best
Industrial
$2.38M
$2.08M – $2.78M
NOI $166,780 @ 7.0% cap · market cap 7.58%
Theoretical Best
Healthcare Medical
$3.78M
$3.31M – $4.41M
NOI $264,454 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Bleu Cuisine Catering & Consulting — 13019 Hilltop Rd, Burnsville, MN 55337
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding flex/warehouse building with large storefront and monument signage on Highway 13, fully sprinklered and zoned B-4.
Where is this flex space located?
The property is located at 2401 Hwy 13 W Burnsville, MN.
What is the asking price?
The asking price for this property is $2,199,000.
What are key features of this property?
This property features: 15,352 total building size (mezzanine space also available, not included in the stated SF); Freestanding flex/warehouse building built 1975–1985 with large storefront and monument signage; Highway 13 frontage with visibility across from Super Menards
