Mixed-Use Commercial Building For
For Sale
Contact for pricing
414 Pine St, Monticello, MN 55362
Versatile space with warehouse, flex, retail, and cold storage.
Property Size10,200 SF
Price / SF$205.88
Days on Market143
Property Features for 414 Pine St
General Information
Standard status
Active
Size
10,200 SF
Property subtype
INDUSTRIAL
Lease Type
NNN
Properties For Sale
at 414 Pine St
Industrial/Retail/Office for Lease
AVAILABLE, Now
Floor
1
Size
10,200 SF
Type
INDUSTRIAL
Lease Type
NNN
Sublease
No
Versatile commercial building with a mix of warehouse, flex, retail/showroom, and cold storage space. Property offers strong functionality for industrial users while still maintaining retail/showroom potential, making it ideal to market as both industrial and retail.
Landlord is open to a variety of users and flexible on layout depending on tenant needs. CAM& Tax rate TBD
Contact us
Listing Agency:
RIC Property Management Inc
(763) 689-0349
Listed By:
Nik Anderson
(651) 497-7222
Source:
Moodyscre
Added: May 27
Changed: Oct 11
Last Checked: Oct 16 at 9:25AM
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 RIC Property Management Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial building offers a mix of warehouse, flex, retail/showroom, and cold storage space, totaling 10200 square feet. The property is suitable for industrial users while also maintaining retail/showroom potential. The landlord is open to a variety of users and is flexible on layout depending on tenant needs. The property is located at 414 Pine St, Monticello, MN 55362.
Key Highlights
- Versatile commercial building suitable for warehouse, flex, retail/showroom, and cold storage.
- Strong functionality for industrial users with retail/showroom potential.
- Ideal for marketing as both industrial and retail space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,315
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,766,300
$2.8M
Cap Rate 7%
$1,975,929
$2.0M
Cap Rate 9%
$1,536,833
$1.5M
Market Conditions
NOI Build-Up for 10,200 SF
Gross rent
$224.0K $21.96/SF
− Vacancy
−$11.2K −$1.10/SF
EGI
$212.8K $20.86/SF
− OpEx
−$74.5K −$7.30/SF
NOI
$138.3K $13.56/SF
Area
Wright County, MN
Vacancy
5.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,766,300
Cap Rate 7%
$1,975,929
Cap Rate 9%
$1,536,833
Alternative Uses
Best Use
Flex RnD
$1.98M
$1.73M – $2.31M
NOI $138,315 @ 7.0% cap · market cap 6.59%
Second Best
Industrial
$1.58M
$1.39M – $1.85M
NOI $110,810 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$2.43M
$2.13M – $2.84M
NOI $170,346 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
698
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55362, MN
20,476
Population
7,589
Households
2.7
Avg Household Size
36
Median Age
26%
College-Educated
91%
High-School Grad
65.3 sq mi
ZIP Area
314
Density / Sq Mi
$92,870
Median Household Income
$48,029
Median Earnings
$1,458
Median Rent
$324,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Versatile space with warehouse, flex, retail, and cold storage.
Where is this flex space located?
The property is located at 414 Pine St Monticello, MN.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Versatile commercial building suitable for warehouse, flex, retail/showroom, and cold storage.; Strong functionality for industrial users with retail/showroom potential.; Ideal for marketing as both industrial and retail space.
