Industrial Flex Building with Drive-In
For Sale
Contact for pricing
637 12th Ave S, Hopkins, MN 55343
Industrial flex building offering a 50/50 office-warehouse split with heavy power and three drive-in doors on a fenced lot.
Property Size14,530 SF
Price / SF$96.35
Days on Market84
Property Features for 637 12th Ave S
General Information
Standard status
Active
Size
14,530 SF
Property subtype
INDUSTRIAL
Zoning
I1 (BP)
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
16 ft
Warehouse Space
7,265 SF
Office Build-Out
7,265 SF
Drive-In Doors
3
Heavy Power
Yes
Building Details
Buildings
1
Building Size
14,530 SF
Listing Agency:
Hoyt Properties, Inc.
(612) 338-3195
Listed By:
Mackenzie Damerow
(612) 338-3195
Source:
Moodyscre
Added: May 8
Changed: Jul 30
Last Checked: Jul 30 at 2:27PM
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 Hoyt Properties, Inc.
Investment Insights
Based on property information with market context.
This industrial/flex building provides an owner-user setup with approximately a 50/50 office to warehouse split, totaling 14,530 square feet (7,265 sf office and 7,265 sf warehouse). The warehouse portion is supported by three drive-in doors measuring 9' wide by 14' high, and the space features 16' clear height. A paved and fenced-in lot allows for possible outside storage, and the property includes heavy power.
The property is zoned I1 (BP), Light Industrial, which supports light industrial use. It’s set up to work well for operations that need both office space and practical warehouse access through multiple drive-in doors.
The combination of office space, clear height, heavy power, and a fenced, paved outdoor area makes this a strong fit for businesses seeking an efficient, functional industrial/flex environment.
The property is zoned I1 (BP), Light Industrial, which supports light industrial use. It’s set up to work well for operations that need both office space and practical warehouse access through multiple drive-in doors.
The combination of office space, clear height, heavy power, and a fenced, paved outdoor area makes this a strong fit for businesses seeking an efficient, functional industrial/flex environment.
Key Highlights
- 14,530 SF industrial/flex layout with 7,265 SF office and 7,265 SF warehouse
- Three drive‑in doors, each 9' wide by 14' high
- 16' clear height for warehouse operations
Financial Insights For Flex RnD
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 | $209.2k | $14.40 |
| − Vacancy | −$25.1k | −$1.73 |
| EGI | $184.1k | $12.67 |
| − OpEx | −$64.4k | −$4.44 |
| NOI | $119.7k | $8.24 |
14,530 SF · lease $14.40/SF/yr · vacancy 12.00% · expense 35.00%
Alternative Uses
Best Use
Warehouse
$2.74M
$2.40M – $3.19M
NOI $191,675 @ 7.0% cap · market cap 13.69%
Second Best
Office B
$2.46M
$2.16M – $2.88M
NOI $172,542 @ 7.0% cap · market cap 12.32%
Theoretical Best
Office A
$3.47M
$3.03M – $4.04M
NOI $242,659 @ 7.0% cap · market cap 17.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
3
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,289
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55343, MN
26,307
Population
14,111
Households
1.9
Avg Household Size
38
Median Age
52%
College-Educated
97%
High-School Grad
7.7 sq mi
ZIP Area
3,416
Density / Sq Mi
$82,415
Median Household Income
$54,823
Median Earnings
$1,427
Median Rent
$350,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex building offering a 50/50 office-warehouse split with heavy power and three drive-in doors on a fenced lot.
Where is this flex space located?
The property is located at 637 12th Ave S Hopkins, MN.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 14,530 SF industrial/flex layout with 7,265 SF office and 7,265 SF warehouse; Three drive‑in doors, each 9' wide by 14' high; 16' clear height for warehouse operations
