Industrial Flex Facility with Multiple
For Sale
Contact for pricing
3715 50th Ave N, Brooklyn Center, MN 55429
Industrial facility built in 1952 with three bays, rubber roof, and multiple loading plus convenient parking.
Property Size20,266 SF
Price / SF$98.44
Days on Market98
Property Features for 3715 50th Ave N
General Information
Standard status
Active
Size
20,266 SF
Property subtype
INDUSTRIAL
Listing Agency:
Arrow Real Estate Corp.
(763) 424-6355
Listed By:
Chad Weeks
(612) 619-9911
Source:
Moodyscre
Added: Jul 25
Changed: Oct 26
Last Checked: Oct 28 at 12:13PM
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 Arrow Real Estate Corp.
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Investment Insights
Based on property information with market context.
This industrial flex facility offers a practical combination of warehouse, production, and showroom-ready space within a masonry structure built in 1952. The roof is described as rubber, designed for durability, and the building is configured in three distinct bays to support a range of operational layouts.
The property sits on 0.69 acres and includes multiple loading options and convenient parking. It is also positioned close to major highways and is described as having strong access to the metro area.
As an owner-user or business needing an adaptable industrial building, the three-bay layout and loading flexibility are intended to support distribution, light manufacturing, and service business uses.
The property sits on 0.69 acres and includes multiple loading options and convenient parking. It is also positioned close to major highways and is described as having strong access to the metro area.
As an owner-user or business needing an adaptable industrial building, the three-bay layout and loading flexibility are intended to support distribution, light manufacturing, and service business uses.
Key Highlights
- 20,266 SF industrial facility with three distinct bays on 0.69 acres
- Built in 1952 with durable masonry construction and a rubber roof
- Versatile layout suited for warehouse, production, distribution, light manufacturing, service businesses, or owner‑users
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$166,927
Cap Rate
8.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,338,540
$3.3M
Cap Rate 7%
$2,384,671
$2.4M
Cap Rate 9%
$1,854,744
$1.9M
Market Conditions
NOI Build-Up for 20,266 SF
Gross rent
$291.8K $14.40/SF
− Vacancy
−$35.0K −$1.73/SF
EGI
$256.8K $12.67/SF
− OpEx
−$89.9K −$4.44/SF
NOI
$166.9K $8.24/SF
Area
Hennepin County, MN
Vacancy
12.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,338,540
Cap Rate 7%
$2,384,671
Cap Rate 9%
$1,854,744
Alternative Uses
Best Use
Industrial
$3.15M
$2.75M – $3.67M
NOI $220,164 @ 7.0% cap · market cap 11.04%
Second Best
Flex RnD
$2.38M
$2.09M – $2.78M
NOI $166,927 @ 7.0% cap · market cap 8.37%
Theoretical Best
Office A
$4.84M
$4.23M – $5.64M
NOI $338,453 @ 7.0% cap · market cap 16.97%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 55429, MN
28,755
Population
10,529
Households
2.7
Avg Household Size
34
Median Age
24%
College-Educated
88%
High-School Grad
6.0 sq mi
ZIP Area
4,793
Density / Sq Mi
$66,661
Median Household Income
$40,255
Median Earnings
$1,253
Median Rent
$267,900
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial facility built in 1952 with three bays, rubber roof, and multiple loading plus convenient parking.
Where is this flex space located?
The property is located at 3715 50th Ave N Brooklyn Center, MN.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 20,266 SF industrial facility with three distinct bays on 0.69 acres; Built in 1952 with durable masonry construction and a rubber roof; Versatile layout suited for warehouse, production, distribution, light manufacturing, service businesses, or owner‑users
