Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3244-3260 Highway 61 N Vadnais Heights, MN

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Highly visible commercial land with highway access and city utilities.

    Type:LAND
    Lot size:
    4.01 Acres
    Added:
    Jul 7, 2025
    Days on Market:
    269
    Last Refresh:
    Mar 29 at 8:40 pm

    Property Features for 3244-3260 Highway 61 N

    General Information

    Standard status
    Active
    Lot size
    4.01 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Dan Friedner

    Listing agent Dan Friedner

    Listing office Cetra Partners

    Listing date Jul 7, 2025

    Source Moodyscre

    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 Cetra Partners

    Overview

    Highway 61 Commercial Land

    This commercial land is highly visible from Highway 61 and offers direct access to Interstate 694. Located in Vadnais Heights, Minnesota, the site is zoned Commercial - C3 Auto Oriented Business District, and the city is open to a variety of uses. City sewer and water are provided by the City of Vadnais Heights, while gas and electric service are provided by Xcel Energy. The property is adjacent to the 7.6-mile Bruce Vento walking and biking trail system and is in close proximity to numerous restaurants, retail shops, and Maplewood Mall. The surrounding area includes a Kwik Trip to the north, I-Storage to the south, industrial properties to the east, and open space to the west. There are potential opportunities to expand the site.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Vadnais Heights
    County
    Ramsey
    State
    Minnesota
    Longitude
    -93.0738
    Latitude
    45.0575

    Nearby Similar for Sale

    • $850,000

      Vadnais Heights Commercial Land Opportunity

      2.28 acre commercial land with existing infrastructure in Vadnais Heights.
      379 Commerce Court, Vadnais Heights, MN 55127
      View Details
    • $150,000

      Wooded Lot in Vadnais Heights

      Build your dream home in a desirable Vadnais Heights neighborhood.
      Tbd McMenemy Street, Vadnais Heights, MN 55127
      View Details
    • $1,995,000
      14,010 SF

      Vadnais Heights Commercial Property

      Commercial property available for sale in Vadnais Heights, Minnesota.
      400 Commerce Court, Vadnais Heights, MN 55127
      View Details
    • Contact for pricing
      14,010 SF

      Industrial Space with Expansion Potential

      Industrial space with convenient access to highways and future expansion.
      Vadnais Heights, MN 55127
      View Details
    • Contact for pricing
      52,809 SF

      Industrial Property with Expansion Potential

      Industrial property with freeway access and expansion possibilities.
      1275 Willow Lake Blvd, Vadnais Heights, MN
      View Details
    • $99,900

      Residential Land in Vadnais Heights

      Land for sale in a desirable Vadnais Heights location.
      3857 Stockdale Drive, Vadnais Heights, MN 55127
      View Details
    • $1,250,000

      Vadnais Heights Land For Sale

      Highly visible land with permitted industrial and commercial uses.
      963 Berwood Ave, Vadnais Heights, MN
      View Details
    • $799,000
      4,637 SF

      Vadnais Heights Warehouse For Sale

      Well-maintained warehouse with expansion and outside storage potential.
      3860 Labore Rd, Vadnais Heights, MN
      View Details
    • Contact for pricing

      Industrial Land I-35E Accessible Site

      Highly visible industrial land with I-35E access in Vadnais Heights.
      Vadnais Heights, MN 55110
      View Details
    • $500,000

      Land Parcel I-35E Visibility

      0.96 acre parcel with direct visibility on I-35E.
      Talmage Cir & County Rd E, Vadnais Heights, MN
      View Details
    • $2,100,000

      Vadnais Heights Development Land

      Prime development land with high traffic and accessibility.
      Talmage Cir, Vadnais Heights, MN
      View Details

    FAQs

    What type of property is this?
    Commercial land - Highly visible commercial land with highway access and city utilities.
    Where is this commercial land located?
    The property is located at 3244-3260 Highway 61 N Vadnais Heights, MN.
    What are key features of this property?
    This property features: Highly visible location with direct access to Highway 61 and Interstate 694.; Flexible Commercial - C3 zoning allows for a variety of business uses.; City sewer and water services are available.
    (612) 599-7864
    We can help!
    Listing Contact
    Dan Friedner
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!