5201 Lakeland Avenue N, Crystal, MN 55429
- Added:
- Jan 12, 2026
- Days on Market:
- 153
- Last Refresh:
- Jun 14 at 2:06 pm
Property Features for 5201 Lakeland Avenue N
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Industrial
- Parking features
- Parking Lot, Paved or Surfaced
- Exterior features
- Brick/Stone
- Standard status
- Active
- APN
- 0911821210009
- Size
- 5,000 SF
- Lot size
- 0.46 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 18854
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1963
- Flooring type
- Carpet, Concrete
- Architectural style
- Other
Listing agent Bonnie H. Nguyen (612) 532-7445
Listing office EXP REALTY 4525 White Bear Parkway, White Bear Lake, MN (612) 751-9303
Listing date Jan 12, 2026
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 5,000 SF industrial property with two 2,500 SF units, suitable for various business uses.
- Significant capital improvements including a new roof (2019), new drive‑in doors, new furnaces, and new LED lighting.
- Oversized drive‑in garage doors and separate service doors in both units for efficient access.
- One unit features a 23’ x 38’ mezzanine for additional storage or office space.
- Equipped with 3‑phase power and new air conditioning in one bay.
- Functional mix of warehouse and office space in both units.
Overview
The building has undergone significant capital improvements. Updates include a new roof (2019), a new front entrance door, new overhead garage door openers, and new drive-in doors. Mechanical and lighting improvements include new furnaces in both industrial bays, new LED lighting throughout the industrial space, and a recently updated water heater. The property also offers 3-phase power and includes new air conditioning in one bay.
Designed for owner-users, the layout supports businesses that need both operational warehouse space and dedicated office areas, with flexibility created by the mezzanine and the separate unit configuration. The combination of recent building upgrades and practical access through oversized doors makes it well-suited for a variety of industrial and light industrial uses within an Industrial zoning framework.
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 | $81.0k | $16.20 |
| − Vacancy | −$3.4k | −$0.68 |
| EGI | $77.6k | $15.52 |
| − OpEx | −$11.6k | −$2.33 |
| NOI | $66.0k | $13.19 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- African Foods & Gifts — 117 Willow Bend, Crystal, MN 55428
Map
- City
- Crystal
- County
- Hennepin
- State
- Minnesota
- Longitude
- -93.353528
- Latitude
- 45.048392
