Multi-Tenant Industrial
For Sale
Contact for pricing
7500 W 27th St, Minneapolis, MN 55426
Warehouse building with 16' clear height, loading docks, drive-in door, and divisible 5,000 SF unit configuration.
Property Size15,000 SF
Price / SF$196.67
Days on Market210
Property Features for 7500 W 27th St
General Information
Standard status
Active
Size
15,000 SF
Property subtype
Industrial
Zoning
Industrial
Lease Type
Modified Gross
Building Details
Year Built
1970
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Business Centers
Listed By:
Harrison Smith · License #MN
(952) 929-8825
Source:
Crexi
Added: Apr 2
Changed: Oct 25
Last Checked: Oct 26 at 1:03PM
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 Business Centers
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Investment Insights
Based on property information with market context.
A well-maintained industrial warehouse built between 1968 and 1970, offering approximately 16' clear ceiling height. The building is divisible into three separate 5,000 SF units, and includes loading improvements consisting of two 8' x 8' dock doors and one 12' x 12' drive-in door. Each unit is equipped with its own restroom and a small office/workspace area. Power service is 3,000 amps with 3-phase capacity noted for each unit, and the property also features rooftop solar panels and shared parking for 42 vehicles.
The property is located at 7500 W 27th St in Saint Louis Park and sits on approximately 1.26 acres (lot dimensions reported as approximately 245' x 355'). The configuration provides multiple access points suitable for warehouse and flex industrial use, with the current use listed as warehouse/flex industrial.
The asset is zoned for industrial use. The sale is offered on an as-is basis or subject to inspection. The building is currently leased by a single tenant for one more year, with the lease potentially extendable or the space potentially usable as an owner-occupied facility.
The property is located at 7500 W 27th St in Saint Louis Park and sits on approximately 1.26 acres (lot dimensions reported as approximately 245' x 355'). The configuration provides multiple access points suitable for warehouse and flex industrial use, with the current use listed as warehouse/flex industrial.
The asset is zoned for industrial use. The sale is offered on an as-is basis or subject to inspection. The building is currently leased by a single tenant for one more year, with the lease potentially extendable or the space potentially usable as an owner-occupied facility.
Key Highlights
- 15,000 SF industrial warehouse divisible into three 5,000 SF units for flexible single- or multi‑tenant use
- 16' clear ceiling height with 2 dock doors (8x8') and 1 drive‑in door (12x12')
- 1.26‑acre lot (54,861 SF) with approx. 245' x 355' dimensions and multiple access points
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$218,515
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,370,300
$4.4M
Cap Rate 7%
$3,121,643
$3.1M
Cap Rate 9%
$2,427,944
$2.4M
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$266.4K $17.76/SF
− Vacancy
−$9.3K −$0.62/SF
EGI
$257.1K $17.14/SF
− OpEx
−$38.6K −$2.57/SF
NOI
$218.5K $14.57/SF
Area
Minneapolis, MN
Vacancy
3.50%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,370,300
Cap Rate 7%
$3,121,643
Cap Rate 9%
$2,427,944
Alternative Uses
Best Use
Warehouse
$3.12M
$2.73M – $3.64M
NOI $218,515 @ 7.0% cap · market cap 7.41%
Second Best
Industrial
$2.28M
$1.99M – $2.65M
NOI $159,283 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$3.58M
$3.13M – $4.18M
NOI $250,508 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
565
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 55426, MN
26,716
Population
12,099
Households
2.2
Avg Household Size
36
Median Age
56%
College-Educated
97%
High-School Grad
6.6 sq mi
ZIP Area
4,048
Density / Sq Mi
$96,887
Median Household Income
$59,925
Median Earnings
$1,512
Median Rent
$345,000
Median Home Value
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Market
Vacancy Rate% for Industrial in Minneapolis, MN
Frequently Asked Questions
What type of property is this?
Flex space - Warehouse building with 16' clear height, loading docks, drive-in door, and divisible 5,000 SF unit configuration.
Where is this flex space located?
The property is located at 7500 W 27th St Minneapolis, MN.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 15,000 SF industrial warehouse divisible into three 5,000 SF units for flexible single- or multi‑tenant use; 16' clear ceiling height with 2 dock doors (8x8') and 1 drive‑in door (12x12'); 1.26‑acre lot (54,861 SF) with approx. 245' x 355' dimensions and multiple access points
