Listing Agency: Edina Realty

Listed By: Randy Simpson · License #MN Show Phone

Source: Crexi

Added: Apr 12 Changed: Aug 27 Last Checked: Sep 2 at 7:29PM

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Investment Insights

Based on property information with market context.

This industrial flex property combines office and warehouse in one functional layout, featuring seven offices, an additional area for cubes, a breakroom/kitchen, and two bathrooms. The warehouse portion includes a floor drain and heavy power, and there is also an extra storage area.

A 10-by-10 drive-in provides access to the heated warehouse, which has ceiling heights up to 13.5 feet. The structure is described as steel framed, with no interior load-bearing walls, which can allow for future reconfiguration. Zoned industrial, the property is positioned for a variety of industrial uses consistent with the stated zoning.

Key Highlights

• Flex space with 7 offices plus an area for cubes and 2,300 SF of warehouse space
• Heated warehouse with a 10‑by‑10 drive‑in bay and up to 13.5 ft ceiling height
• Breakroom/kitchen, two bathrooms, and an extra storage area

Property Analytics

Property Profile

Current Use

Flex space

Suggested Use

Top Pick Building Supply Plumbing Service (Bike/Boat/Book/etc) Store Garden Center Big Box & Wholesale Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

13 ft

Clear height

1

Drive-in doors

7

Office units

Yes

Heavy power

Location Intelligence

Trade Area within ½ mile

23

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 55387, MN

14,552

Population

5,711

Households

2.5

Avg Household Size

38

Median Age

49%

College-Educated

98%

High-School Grad

31.5 sq mi

ZIP Area

462

Density / Sq Mi

$109,279

Median Household Income

$62,716

Median Earnings

$1,306

Median Rent

$418,600

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 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 - Flex setup includes office space, breakroom and two bathrooms, plus heated warehouse with a 10-by-10 drive-in bay.

Where is this flex space located?

The property is located at 711 S Pine Street Waconia, MN.

What are key features of this property?

This property features: Flex space with 7 offices plus an area for cubes and 2,300 SF of warehouse space; Heated warehouse with a 10‑by‑10 drive‑in bay and up to 13.5 ft ceiling height; Breakroom/kitchen, two bathrooms, and an extra storage area