Warehouse Built in
3986 Alabama Ave S St Louis Park, MN 55416
3986 Alabama Ave S, St Louis Park, MN, 55416
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For Sale
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Warehouse property built in 1954, offering approximately 4,988 square feet of space for sale.
Property Size4,988 SF
Price / SF$180
Days on Market226
Property Features for 3986 Alabama Ave S
General Information
- Standard status
- Active
- Size
- 4,988 SF
- Property subtype
- INDUSTRIAL
Listing agency
CBRE - Minnesota
(612) 723-9313
Listed by
John M Ryden
(612) 723-9313
Source
Moodyscre
Added: Dec 8, 2025 Updated: Jul 21 at 6:11AM Checked: Jul 21 at 6:11AM
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 warehouse property was built in 1954 and is offered for sale. The building provides approximately 4,988 square feet of commercial space.
The property is located at 3986 Alabama Ave S in St Louis Park, Minnesota 55416.
With its single-asset warehouse configuration and mid-century construction, the property may be suitable for businesses seeking a straightforward warehouse footprint in the St Louis Park area.
The property is located at 3986 Alabama Ave S in St Louis Park, Minnesota 55416.
With its single-asset warehouse configuration and mid-century construction, the property may be suitable for businesses seeking a straightforward warehouse footprint in the St Louis Park area.
Key Highlights
- Warehouse built in 1954
- Approximately 4,988 sq ft of warehouse space
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.6k | $17.76 |
| − Vacancy | −$3.1k | −$0.62 |
| EGI | $85.5k | $17.14 |
| − OpEx | −$12.8k | −$2.57 |
| NOI | $72.7k | $14.57 |
4,988 SF · lease $17.76/SF/yr · vacancy 3.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.04M
$908.3K – $1.21M
NOI $72,663 @ 7.0% cap · market cap 8.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,302 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
BioDart Medical Waste ...
Waste Management Facility
Similar For Sale Nearby
Similar Off Market Nearby
- Microfacs Inc — 3406 Library Ln, Minneapolis, MN 55426
- Smith Co Management dba Business Center — 6327 Cambridge St, St Louis Park, MN 55416
FAQs
What type of property is this?
Warehouse - Warehouse property built in 1954, offering approximately 4,988 square feet of space for sale.
Where is this warehouse located?
The property is located at 3986 Alabama Ave S St Louis Park, MN.
What is the asking price?
The asking price for this property is $897,840.
What are key features of this property?
This property features: Warehouse built in 1954; Approximately 4,988 sq ft of warehouse space
