Albertville Commercial Property For
5640 Mackenzie Ave NE Albertville, MN 55301
5640 Mackenzie Ave NE, Albertville, MN, 55301
Contact for pricing
For Sale
Contact for pricing
Single-tenant commercial property with fenced outdoor storage near Costco.
Property Size8,000 SF
Lot Size1.00 Acre
Price / SF$199.38
Days on Market75
Property Features for 5640 Mackenzie Ave NE
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Lot size
- 1.00 Acre
- Property subtype
- RETAIL
Properties For Sale
at 5640 Mackenzie Ave NE Contact us
Listing Agency
Commercial Realty Solutions LLC
(320) 282-8410
Listed by
Joseph W Elam
(320) 282-8410
Source
Moodyscre
Added: May 5 Checked: Jul 17 at 4:42 am
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 Commercial Realty Solutions LLC
Investment Insights
Based on property information with market context.
This single-tenant commercial property features one floor and includes over one acre of fenced outdoor storage. The property has more than 13 parking spaces. It operates on well and septic systems. The property is zoned BC, accommodating commercial, retail, and industrial uses. It is located in close proximity to Costco. The property's PID is 2026 101-124-003030, with taxes of $23,196.00. The building size is 8,000 square feet.
Key Highlights
- Over 1 Acre of Fenced Outdoor Storage
- Zoned BC - Commercial, Retail, Industrial
- 13+ Parking Spaces
Local Financial Insights For Retail
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 | $151.7k | $18.96 |
| − Vacancy | −$10.9k | −$1.37 |
| EGI | $140.8k | $17.59 |
| − OpEx | −$42.2k | −$5.28 |
| NOI | $98.5k | $12.32 |
8,000 SF · lease $18.96/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.41M
$1.23M – $1.64M
NOI $98,531 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,604 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Single-tenant commercial property with fenced outdoor storage near Costco.
Where is this retail space located?
The property is located at 5640 Mackenzie Ave NE Albertville, MN.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Over 1 Acre of **Fenced Outdoor Storage**; Zoned BC - Commercial, Retail, Industrial; 13+ Parking Spaces
