Climate-Controlled Flex
For Sale
$195,000
7176 222nd St W Unit 107, Lakeville, MN 55044
Commercial garage condo with concrete floors, steel walls, and overhead loading access.
Property Size1,125 SF
Price / SF$173.33
Days on Market47
Property Features for 7176 222nd St W Unit 107
General Information
Standard status
Active
Size
1,125 SF
Additional Details
Power
100 amps
Amenities
secure
climate-controlled
Building Details
Year Built
2026
Listing Agency:
Edina Realty, Inc.
Listed By:
Dennis O'Malley
(715) 220-1568
Source:
Homesminn
Added: Sep 2
Changed: Oct 6
Last Checked: Oct 7 at 2:23PM
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 Edina Realty, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial garage condo contains 1,125 square feet of flexible space within a secure, climate-controlled facility. The unit measures 25 x 45 feet and features concrete floors, steel walls, a 14 x 14 overhead garage door, and a 100-amp service panel. The layout supports office, shop, light industrial, warehouse, or personal storage applications as described for the property.
Located at 7176 222nd Street W #107 in Lakeville, Minnesota, the unit is part of a 2026-built commercial property. Its enclosed configuration and dedicated overhead door provide a practical setting for vehicle, equipment, contractor, or business-related use.
Located at 7176 222nd Street W #107 in Lakeville, Minnesota, the unit is part of a 2026-built commercial property. Its enclosed configuration and dedicated overhead door provide a practical setting for vehicle, equipment, contractor, or business-related use.
Key Highlights
- 1,125‑square‑foot commercial garage condo
- 25 x 45 feet of flexible interior space
- 14 x 14 overhead garage door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,841
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,820
$296.8K
Cap Rate 7%
$212,014
$212.0K
Cap Rate 9%
$164,900
$164.9K
Market Conditions
NOI Build-Up for 1,125 SF
Gross rent
$18.2K $16.20/SF
− Vacancy
−$765 −$0.68/SF
EGI
$17.5K $15.52/SF
− OpEx
−$2.6K −$2.33/SF
NOI
$14.8K $13.19/SF
Area
Dakota County, MN
Vacancy
4.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,820
Cap Rate 7%
$212,014
Cap Rate 9%
$164,900
Alternative Uses
Best Use
Warehouse
$212.0K
$185.5K – $247.4K
NOI $14,841 @ 7.0% cap · market cap 7.61%
Second Best
Industrial
$174.6K
$152.8K – $203.7K
NOI $12,222 @ 7.0% cap · market cap 6.27%
Theoretical Best
Healthcare Medical
$276.8K
$242.2K – $323.0K
NOI $19,379 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55044, MN
60,446
Population
22,519
Households
2.7
Avg Household Size
37
Median Age
54%
College-Educated
97%
High-School Grad
65.3 sq mi
ZIP Area
926
Density / Sq Mi
$140,612
Median Household Income
$69,991
Median Earnings
$1,730
Median Rent
$464,500
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Commercial garage condo with concrete floors, steel walls, and overhead loading access.
Where is this flex space located?
The property is located at 7176 222nd St W Unit 107 Lakeville, MN.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 1,125‑square‑foot commercial garage condo; 25 x 45 feet of flexible interior space; 14 x 14 overhead garage door
