Building Details

Year Built 2019

Listing Agency: Century 21 Moline Realty Inc

Listed By: Carrie L Gibbs · License #20542911 Show Phone

Source: Searchhousesnow

Added: Sep 2 Changed: Oct 1 Last Checked: Oct 7 at 4:23PM

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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 Century 21 Moline Realty Inc

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Investment Insights

Based on property information with market context.

Located at 43020 Blackhawk Rd in Harris, Minnesota, this vineyard property combines production infrastructure with public-facing and outdoor event improvements. The 7,193-square-foot facility was built in 2019 and was originally configured for wine production. A separate timber-frame building provides space that has been used for tastings and events.

Outdoor features include a summer kitchen with a wood-fired pizza oven and a large tent pad area. The property also includes solar panel stations and a Level 2 EV charging station. Set across approximately 14.5 acres, the improvements support continued vineyard-related operations as well as food, beverage, and event-oriented commercial uses identified for the property.

Key Highlights

• Approximately 14.5 acres in Harris, MN
• 7,193‑square‑foot facility built in 2019
• Production building originally configured for wine production

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$78,143

Cap Rate

9.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,562,860 $1.6M

Cap Rate 7%

$1,116,329 $1.1M

Cap Rate 9%

$868,256 $868.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,193 SF

Gross rent

$116.5K $16.20/SF

− Vacancy

−$4.9K −$0.68/SF

EGI

$111.6K $15.52/SF

− OpEx

−$33.5K −$4.66/SF

NOI

$78.1K $10.86/SF

Area

Chisago County, MN

Vacancy

4.20%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,562,860

Cap Rate 7%

$1,116,329

Cap Rate 9%

$868,256

Alternative Uses

Best Use

Industrial

$1.12M

$976.8K – $1.30M (±1% cap)

NOI $78,143 @ 7.0% cap · market cap 9.19%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.72M

$1.50M – $2.00M (±1% cap)

NOI $120,127 @ 7.0% cap · market cap 14.13%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Tessneer Law Office Law Firm

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Kitchen & Bath Showroom Nursing Home Law Firm Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

7

Businesses Nearby

Explore this area Business Placement

Demographics for 55032, MN

3,619

Population

1,409

Households

2.6

Avg Household Size

44

Median Age

20%

College-Educated

92%

High-School Grad

67.8 sq mi

ZIP Area

53

Density / Sq Mi

$106,522

Median Household Income

$50,139

Median Earnings

$1,203

Median Rent

$363,200

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Frequently Asked Questions

What type of property is this?

Vineyard - Commercial property with wine-production infrastructure, a timber-frame event building, and outdoor gathering amenities.

Where is this vineyard located?

The property is located at 43020 Blackhawk Rd Harris, MN.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: Approximately 14.5 acres in Harris, MN; 7,193‑square‑foot facility built in 2019; Production building originally configured for wine production