Heated Insulated Warehouse
For Sale
$155,900
4-13529 County Road 103, Crosslake, MN 56442
Secure, improved storage space with heated interiors, concrete flooring, and an insulated overhead door.
Property Size1,196 SF
Price / SF$130.35
Days on Market68
Property Features for 4-13529 County Road 103
General Information
Standard status
Active
Size
1,196 SF
Warehouse & Industrial
Warehouse Space
1,196 SF
Conditioned Warehouse
Yes
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$410
Listing Agency:
Edina Realty, Inc.
(218) 692-5200
Listed By:
Kevin Kruchten
(218) 251-4949
Source:
Exprealty
Added: Jul 31
Changed: Oct 1
Last Checked: Oct 5 at 10:00PM
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 Edina Realty, Inc.
Investment Insights
Based on property information with market context.
This warehouse unit provides an enclosed storage configuration measuring 26 x 46, with insulation and heat for year-round interior use. Improvements include steel-ribbed walls and ceiling, a concrete floor, electrical outlets, interior lighting, and a security system. Access is provided by a service door and a 12-foot-high insulated overhead door equipped with a window and opener.
The property is located at 4-13529 County Road 103 in Crosslake, Minnesota. Association services include electric, snow removal, lawn care, building and liability insurance, and exterior maintenance. The owner is responsible for natural gas and property taxes.
The property is located at 4-13529 County Road 103 in Crosslake, Minnesota. Association services include electric, snow removal, lawn care, building and liability insurance, and exterior maintenance. The owner is responsible for natural gas and property taxes.
Key Highlights
- 26 x 46 insulated and heated warehouse unit
- 12‑foot‑high insulated overhead door with window and opener
- Steel‑ribbed interior walls and ceiling with concrete floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,509
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$170,180
$170.2K
Cap Rate 7%
$121,557
$121.6K
Cap Rate 9%
$94,544
$94.5K
Market Conditions
NOI Build-Up for 1,196 SF
Gross rent
$10.4K $8.71/SF
− Vacancy
−$406 −$0.34/SF
EGI
$10.0K $8.37/SF
− OpEx
−$1.5K −$1.26/SF
NOI
$8.5K $7.11/SF
Area
Crow Wing County, MN
Vacancy
3.90%
Lease Rate
$8.71 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$170,180
Cap Rate 7%
$121,557
Cap Rate 9%
$94,544
Alternative Uses
Best Use
Warehouse
$121.6K
$106.4K – $141.8K
NOI $8,509 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$253.9K
$222.2K – $296.2K
NOI $17,774 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 56442, MN
2,720
Population
3,415
Households
0.8
Avg Household Size
60
Median Age
34%
College-Educated
96%
High-School Grad
35.2 sq mi
ZIP Area
77
Density / Sq Mi
$85,179
Median Household Income
$45,481
Median Earnings
$1,071
Median Rent
$534,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Secure, improved storage space with heated interiors, concrete flooring, and an insulated overhead door.
Where is this warehouse located?
The property is located at 4-13529 County Road 103 Crosslake, MN.
What is the asking price?
The asking price for this property is $155,900.
What are key features of this property?
This property features: 26 x 46 insulated and heated warehouse unit; 12‑foot‑high insulated overhead door with window and opener; Steel‑ribbed interior walls and ceiling with concrete floor
