820 McKinley St, Anoka, MN 55303

Building Details

Buildings 1 More

Building Size 33,000 SF More

Listing Agency: Colliers Show Phone

Listed By: Thomas J Dunsmore · License #11001457 Show Phone

Source: Moodyscre

Added: Oct 15 Changed: Nov 7 Last Checked: Nov 8 at 3:58AM

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Investment Insights

Based on property information with market context.

This standalone manufacturing facility contains approximately 33,000 SF on 2.58 acres. Loading is served by flexible docks and drive-in access, and the building has ample power. The site also offers room for expansion or outdoor storage, with screening required for outdoor storage.

The property is just off Highway 10 and minutes from US-169, providing connections toward the Minneapolis metro area. Anoka County has concentrations of manufacturing-related occupations, including machinists, CNC programmers and operators, industrial engineering technicians, and tool-and-die makers. Anoka Technical College offers programs in CNC manufacturing, welding, quality control, and advanced manufacturing skills.

Key Highlights

• Approximately 33,000 SF manufacturing building
• 2.58‑acre site
• Flexible dock and drive‑in loading

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$358,503

Cap Rate

8.69%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,170,060 $7.2M

Cap Rate 7%

$5,121,471 $5.1M

Cap Rate 9%

$3,983,367 $4.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 33,000 SF

Gross rent

$534.6K $16.20/SF

− Vacancy

−$22.5K −$0.68/SF

EGI

$512.1K $15.52/SF

− OpEx

−$153.6K −$4.66/SF

NOI

$358.5K $10.86/SF

Area

Anoka County, MN

Vacancy

4.20%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,170,060

Cap Rate 7%

$5,121,471

Cap Rate 9%

$3,983,367

Alternative Uses

Best Use

Industrial

$5.12M

$4.48M – $5.98M (±1% cap)

NOI $358,503 @ 7.0% cap · market cap 8.69%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$9.17M

$8.02M – $10.69M (±1% cap)

NOI $641,647 @ 7.0% cap · market cap 15.56%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Machine & Process Design Factory Minneapolis Laser Cutting Industrial Manufacturer

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Hair Salon Pharmacy Gym & Fitness Center

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

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

314

Businesses Nearby

Explore this area Business Placement

Demographics for 55303, MN

51,480

Population

20,317

Households

2.5

Avg Household Size

38

Median Age

31%

College-Educated

96%

High-School Grad

64.4 sq mi

ZIP Area

799

Density / Sq Mi

$101,351

Median Household Income

$54,788

Median Earnings

$1,348

Median Rent

$338,700

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

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Frequently Asked Questions

What type of property is this?

Manufacturing property - Dock and drive-in loading, ample power, and a large site support a range of manufacturing operations.

Where is this manufacturing property located?

The property is located at 820 McKinley St Anoka, MN.

What is the asking price?

The asking price for this property is $4,125,000.

What are key features of this property?

This property features: Approximately 33,000 SF manufacturing building; 2.58‑acre site; Flexible dock and drive‑in loading