Industrial Building with Outdoor
For Sale
Contact for pricing
3005 Niagara Ln N, Plymouth, MN 55447
Industrial building with ample loading, yard, and flexible zoning.
Property Size29,400 SF
Price / SF$158.16
Days on Market147
Property Features for 3005 Niagara Ln N
General Information
Standard status
Active
Size
29,400 SF
Property subtype
INDUSTRIAL
Listing Agency:
CBRE - Minnesota
Listed By:
Blake Hastings
(952) 924-4600
Source:
Moodyscre
Added: May 19
Changed: Oct 6
Last Checked: Oct 11 at 6:51AM
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 CBRE - Minnesota
Investment Insights
Based on property information with market context.
This industrial building offers a rare opportunity with outdoor storage capabilities. The property features ample loading areas and a spacious yard. Its location provides visibility from Highway 55, ensuring easy access to major thoroughfares. The flexible zoning accommodates a number of different uses. On-site parking is plentiful, and there are signage opportunities available. The building has a size of 29400 square feet.
Key Highlights
- Prime location with visibility off Hwy 55 and easy access to major thoroughfares.
- Hard to find industrial building with outdoor storage.
- Ample loading and yard space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$319,393
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,387,860
$6.4M
Cap Rate 7%
$4,562,757
$4.6M
Cap Rate 9%
$3,548,811
$3.5M
Market Conditions
NOI Build-Up for 29,400 SF
Gross rent
$476.3K $16.20/SF
− Vacancy
−$20.0K −$0.68/SF
EGI
$456.3K $15.52/SF
− OpEx
−$136.9K −$4.66/SF
NOI
$319.4K $10.86/SF
Area
Hennepin County, MN
Vacancy
4.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,387,860
Cap Rate 7%
$4,562,757
Cap Rate 9%
$3,548,811
Alternative Uses
Best Use
Industrial
$4.56M
$3.99M – $5.32M
NOI $319,393 @ 7.0% cap · market cap 6.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.01M
$6.14M – $8.18M
NOI $490,996 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,232
Businesses Nearby
Explore this area
Business Placement
Demographics for 55447, MN
21,357
Population
8,997
Households
2.4
Avg Household Size
40
Median Age
61%
College-Educated
98%
High-School Grad
8.9 sq mi
ZIP Area
2,400
Density / Sq Mi
$128,781
Median Household Income
$67,706
Median Earnings
$1,663
Median Rent
$454,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Industrial building with ample loading, yard, and flexible zoning.
Where is this industrial property located?
The property is located at 3005 Niagara Ln N Plymouth, MN.
What is the asking price?
The asking price for this property is $4,650,000.
What are key features of this property?
This property features: Prime location with visibility off Hwy 55 and easy access to major thoroughfares.; Hard to find industrial building with outdoor storage.; Ample loading and yard space.
