Flex Space with Overhead
For Sale
$333,900
7041 Kagan Avenue, Otsego, MN 55301
Commercial Sale, Otsego, MN
Property Size1,200 SF
Price / SF$278.25
Days on Market155
Property Features for 7041 Kagan Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning description
Business/Commercial
Parking features
Parking Lot
Subdivision
Zachman Meadows
Lot features
Zero Lot Line
High school district
Elk River
Directions
Hwy 94 to Labeaux Ave; N to 70th; Left at the Round-about to Kadler; N to entrance on the right. Use 10100 70th St in google maps for correct location
Standard status
Active
APN
00000000000
Taxes and HOA fees
Tax Year
2026
Utilities
Heating system
Forced Air
Amenities
clubhouse
gated
Building Details
Year built
2025
Building materials
Frame, Structured Insulated Panel
Roof type
Metal
Listing Agency:
eXp Realty
(320) 500-4397
Listed By:
Kurt E Sutherland · License #40489706
(612) 751-9303
Added: May 11
Changed: Oct 8
Last Checked: Oct 12 at 9:06AM
MLS# 7071811
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.
Investment Insights
Based on property information with market context.
This flex-space condominium community offers 66 association-maintained units, each measuring approximately 1,200 square feet. Features include 18-foot sidewalls, a 14-foot overhead door, a floor drain, an interior water spigot, and a rough-in for a bathroom. Units have room for a loft or mezzanine, and each has a private entrance. The exterior is designed for minimal upkeep, with paved parking and additional parking availability.
The gated community is just north of I-94 and County Road 19/Labeaux Avenue. Association-maintained grounds and access to a clubhouse for business or family gatherings are also provided.
The gated community is just north of I-94 and County Road 19/Labeaux Avenue. Association-maintained grounds and access to a clubhouse for business or family gatherings are also provided.
Key Highlights
- 66 association‑maintained units available
- Approximately 1,200 sq. ft. per unit, with 18 ft. sidewalls
- 14 ft. overhead door, floor drain, and interior water spigot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,272
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,440
$325.4K
Cap Rate 7%
$232,457
$232.5K
Cap Rate 9%
$180,800
$180.8K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$26.4K $21.96/SF
− Vacancy
−$1.3K −$1.10/SF
EGI
$25.0K $20.86/SF
− OpEx
−$8.8K −$7.30/SF
NOI
$16.3K $13.56/SF
Area
Wright County, MN
Vacancy
5.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,440
Cap Rate 7%
$232,457
Cap Rate 9%
$180,800
Alternative Uses
Best Use
Flex RnD
$232.5K
$203.4K – $271.2K
NOI $16,272 @ 7.0% cap · market cap 4.87%
Second Best
Industrial
$186.2K
$163.0K – $217.3K
NOI $13,036 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$286.3K
$250.5K – $334.0K
NOI $20,041 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
18 ft
Clear height
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55301, MN
12,791
Population
4,720
Households
2.7
Avg Household Size
33
Median Age
44%
College-Educated
98%
High-School Grad
8.2 sq mi
ZIP Area
1,560
Density / Sq Mi
$131,157
Median Household Income
$65,890
Median Earnings
$1,458
Median Rent
$324,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Gated units offer private entrances and layouts that can be customized for a range of work or storage needs.
Where is this flex space located?
The property is located at 7041 Kagan Avenue Otsego, MN.
What is the asking price?
The asking price for this property is $333,900.
What are key features of this property?
This property features: 66 association‑maintained units available; Approximately 1,200 sq. ft. per unit, with 18 ft. sidewalls; 14 ft. overhead door, floor drain, and interior water spigot
