Building Details

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Listing Agency: KW Commercial Midwest

Listed By: James Halbur · License #40144147 Show Phone

Source: Crexi

Added: Mar 14, 2025 Changed: Sep 30 Last Checked: Oct 7 at 9:49AM

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Investment Insights

Based on property information with market context.

This commercial property offers convenient access to Hwy 83, facilitating logistics. It features a 10 x 10 overhead door and in-floor heating. The property includes a showroom and shop area, providing versatile spaces. It is equipped with 3-phase power. Constructed with a metal frame, the building offers a durable structure. The property's size is 9972 square feet.

Key Highlights

• Easy access to Hwy 83 for streamlined logistics.
• 10 x 10 overhead door for enhanced functionality.
• In‑floor heating for comfort and efficiency.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$73,893

Cap Rate

8.72%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,477,860 $1.5M

Cap Rate 7%

$1,055,614 $1.1M

Cap Rate 9%

$821,033 $821.0K

Market Conditions

NOI Build-Up for 9,972 SF

Gross rent

$119.7K $12.00/SF

− Vacancy

−$6.0K −$0.60/SF

EGI

$113.7K $11.40/SF

− OpEx

−$39.8K −$3.99/SF

NOI

$73.9K $7.41/SF

Area

Blue Earth County, MN

Vacancy

5.00%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,477,860

Cap Rate 7%

$1,055,614

Cap Rate 9%

$821,033

Alternative Uses

Best Use

Flex RnD

$1.06M

$923.7K – $1.23M (±1% cap)

NOI $73,893 @ 7.0% cap · market cap 8.72%

Second Best

Industrial

$834.7K

$730.4K – $973.8K (±1% cap)

NOI $58,428 @ 7.0% cap · market cap 6.89%

Theoretical Best

Office A

$1.97M

$1.72M – $2.30M (±1% cap)

NOI $137,963 @ 7.0% cap · market cap 16.28%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Hair Salon Accounting Firm Travel Agency (Bike/Boat/Book/etc) Store Arcade & Gaming Center Electronics & Wireless Store

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

4

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 56001, MN

50,729

Population

21,583

Households

2.4

Avg Household Size

30

Median Age

37%

College-Educated

94%

High-School Grad

114.5 sq mi

ZIP Area

443

Density / Sq Mi

$67,224

Median Household Income

$29,122

Median Earnings

$1,088

Median Rent

$263,100

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

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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?

Frequently Asked Questions

What type of property is this?

Flex space - Commercial property with showroom, shop area, and convenient features.

Where is this flex space located?

The property is located at 756 Main Street West Saint Clair, MN.

What is the asking price?

The asking price for this property is $847,620.

What are key features of this property?

This property features: Easy access to Hwy 83 for streamlined logistics.; 10 x 10 overhead door for enhanced functionality.; In‑floor heating for comfort and efficiency.