Listing Agency: Obsidian Group, LLC e***@obsidiangroup.com Show Phone

Listed By: Ethan Finger · License #40598523

Source: Crexi

Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 1:29PM

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Investment Insights

Based on property information with market context.

This 31,671-square-foot flex property at 701 1st St in Farmington, Minnesota is configured for a range of industrial applications. The building includes 6 drive-in doors and access to a common-area loading dock, supporting movement of materials, equipment, and goods.

The facility can accommodate wood shops, distribution activity, light manufacturing, and storage uses. Its location between Interstate 35 and Hwy provides access around the South Metro market. The entire property is scheduled to be available November 1, 2023.

Key Highlights

• 31,671‑square‑foot flex property
• 6 drive‑in doors
• Common‑area loading dock

Property Analytics

Property Profile

Current Use

T&M Metal Works, ... Metal Fabrication Plant RJ Restorations Inc. Auto Repair Shop Dakota Wood Design Hardware & Home Improvement The Black Cat Market (Bike/Boat/Book/etc) Store Shopbyatlantic Warehouse & Storage

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Restaurant Nail Salon Hair Salon

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

376

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 55024, MN

35,948

Population

12,840

Households

2.8

Avg Household Size

35

Median Age

37%

College-Educated

94%

High-School Grad

85.1 sq mi

ZIP Area

422

Density / Sq Mi

$123,582

Median Household Income

$61,349

Median Earnings

$1,427

Median Rent

$350,500

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

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Adaptable industrial facility supporting woodwork, distribution, light manufacturing, and storage operations.

Where is this flex space located?

The property is located at 701 1st St Farmington, MN.

What are key features of this property?

This property features: 31,671‑square‑foot flex property; 6 drive‑in doors; Common‑area loading dock