Warehouse with Parking
For Sale
$1,300,000
2500 27th Ave S, Minneapolis, MN 55406
Finished warehouse space with on-site parking and access for walk-in customers.
Property Size6,270 SF
Price / SF$207.34
Days on Market179
Property Features for 2500 27th Ave S
General Information
Standard status
Active
Size
6,270 SF
Building Details
Year Built
1955
Listing Agency:
LaBelle Real Estate Group Inc
Listed By:
Gerald V. Ferguson
(651) 705-0166
Source:
Putyourrootsdown
Added: Apr 24
Changed: Oct 8
Last Checked: Oct 19 at 9:46AM
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 LaBelle Real Estate Group Inc
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Investment Insights
Based on property information with market context.
This Minneapolis warehouse contains 6,270 finished square feet and was built in 1955. The property includes a substantial parking lot, supporting customer access and on-site operations.
Located at 2500 27th Avenue S, the site benefits from reported pedestrian and bicycle traffic that may support walk-in activity. The warehouse format and parking component provide a straightforward commercial setting for a range of uses.
Located at 2500 27th Avenue S, the site benefits from reported pedestrian and bicycle traffic that may support walk-in activity. The warehouse format and parking component provide a straightforward commercial setting for a range of uses.
Key Highlights
- 6,270 finished square feet
- Warehouse property built in 1955
- Substantial on‑site parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,416
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,948,320
$1.9M
Cap Rate 7%
$1,391,657
$1.4M
Cap Rate 9%
$1,082,400
$1.1M
Market Conditions
NOI Build-Up for 6,270 SF
Gross rent
$119.6K $19.08/SF
− Vacancy
−$5.0K −$0.80/SF
EGI
$114.6K $18.28/SF
− OpEx
−$17.2K −$2.74/SF
NOI
$97.4K $15.54/SF
Area
ZIP 55406
Vacancy
4.20%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,948,320
Cap Rate 7%
$1,391,657
Cap Rate 9%
$1,082,400
Alternative Uses
Best Use
Warehouse
$1.39M
$1.22M – $1.62M
NOI $97,416 @ 7.0% cap · market cap 7.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,249 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,493
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55406, MN
34,588
Population
17,439
Households
2
Avg Household Size
39
Median Age
56%
College-Educated
93%
High-School Grad
5.0 sq mi
ZIP Area
6,918
Density / Sq Mi
$91,865
Median Household Income
$56,291
Median Earnings
$1,276
Median Rent
$335,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Minneapolis, MN
Similar Off Market Nearby
- MPLS Storage — 3138 Snelling Ave, Minneapolis, MN 55406
- LRT Storage Facility — Minneapolis, MN 55406
- Self Storage — 3311 east 25th street, minneapolis, mn 55406
Frequently Asked Questions
What type of property is this?
Warehouse - Finished warehouse space with on-site parking and access for walk-in customers.
Where is this warehouse located?
The property is located at 2500 27th Ave S Minneapolis, MN.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 6,270 finished square feet; Warehouse property built in 1955; Substantial on‑site parking lot
