Mixed-Use Property with
For Sale
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3312 Gorham Ave, St Louis Park, MN 55426
Office and industrial warehouse space are combined in a single commercial property.
Property Size12,882 SF
Price / SF$124.20
Days on Market53
Property Features for 3312 Gorham Ave
General Information
Standard status
Active
Size
12,882 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
10 ft
Office Build-Out
8,000 SF
Dock-High Doors
2
Drive-In Doors
1
Listing Agency:
Lee & Associates
(952) 955-4400
Listed By:
Nathan A Arnold · License ##20153149
(612) 578-2848
Source:
Moodyscre
Added: Sep 11
Changed: Oct 26
Last Checked: Nov 1 at 4:07AM
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 Lee & Associates
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Investment Insights
Based on property information with market context.
This mixed-use commercial property combines 8,000 square feet of office space with an industrial warehouse component within a 12,882-square-foot property. Loading infrastructure includes two dock positions and one drive-in door, while the warehouse provides 10 feet of clear ceiling height.
Located at 3312 Gorham Ave in St. Louis Park, Minnesota, the property offers a combined office and industrial configuration for commercial operations requiring both workspace and warehouse functionality. The property identification number is 17-117-21-42-0060.
Located at 3312 Gorham Ave in St. Louis Park, Minnesota, the property offers a combined office and industrial configuration for commercial operations requiring both workspace and warehouse functionality. The property identification number is 17-117-21-42-0060.
Key Highlights
- 8,000 square feet of office space
- Industrial warehouse component with 10‑foot clear ceiling height
- Two dock positions and one drive‑in door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,410
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,908,200
$2.9M
Cap Rate 7%
$2,077,286
$2.1M
Cap Rate 9%
$1,615,667
$1.6M
Market Conditions
NOI Build-Up for 12,882 SF
Gross rent
$239.6K $18.60/SF
− Vacancy
−$6.9K −$0.54/SF
EGI
$232.7K $18.06/SF
− OpEx
−$87.2K −$6.77/SF
NOI
$145.4K $11.29/SF
Area
Minneapolis, MN
Vacancy
2.90%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,908,200
Cap Rate 7%
$2,077,286
Cap Rate 9%
$1,615,667
Alternative Uses
Best Use
Warehouse
$2.68M
$2.35M – $3.13M
NOI $187,660 @ 7.0% cap · market cap 11.73%
Second Best
Mixed Use
$2.08M
$1.82M – $2.42M
NOI $145,410 @ 7.0% cap · market cap 9.09%
Theoretical Best
Office A
$3.07M
$2.69M – $3.59M
NOI $215,136 @ 7.0% cap · market cap 13.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
10 ft
Clear height
2
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
779
Businesses Nearby
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Business Placement
Demographics for 55426, MN
26,716
Population
12,099
Households
2.2
Avg Household Size
36
Median Age
56%
College-Educated
97%
High-School Grad
6.6 sq mi
ZIP Area
4,048
Density / Sq Mi
$96,887
Median Household Income
$59,925
Median Earnings
$1,512
Median Rent
$345,000
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and industrial warehouse space are combined in a single commercial property.
Where is this mixed-use property located?
The property is located at 3312 Gorham Ave St Louis Park, MN.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 8,000 square feet of office space; Industrial warehouse component with 10‑foot clear ceiling height; Two dock positions and one drive‑in door
