Manufacturing Property with Office
For Sale
$825,000
8301 Pillsbury Ave S, Bloomington, MN 55420
Established cabinet-shop layout with finished office space, sprinkler protection, and highway connections near I-35W and I-494.
Property Size5,400 SF
Price / SF$152.78
Days on Market48
Property Features for 8301 Pillsbury Ave S
General Information
Standard status
Active
Size
5,400 SF
Additional Details
Highway Access
Yes
Sprinkler System
Yes
Building Details
Year Built
1957
Listing Agency:
Fidler Commercial
Listed By:
Michael E Fidler · License #709628
Source:
Thehomeadvantagegroup
Added: Sep 7
Changed: Oct 10
Last Checked: Oct 7 at 4:17PM
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 Fidler Commercial
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Investment Insights
Based on property information with market context.
This manufacturing property, built in 1957, features an established cabinet-shop configuration with a finished office mezzanine. The building also includes a sprinkler system and a newer roof. Existing cabinet-shop machinery and related equipment may be negotiated separately from the real estate.
Located in Bloomington, the property is near I-35W and I-494, providing connections throughout the Twin Cities metropolitan area. The configuration is suited to millwork, contracting, specialty manufacturing, studio, and other light-industrial uses identified for the property.
Located in Bloomington, the property is near I-35W and I-494, providing connections throughout the Twin Cities metropolitan area. The configuration is suited to millwork, contracting, specialty manufacturing, studio, and other light-industrial uses identified for the property.
Key Highlights
- Established cabinet‑shop configuration
- Finished office mezzanine
- Sprinkler system in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,664
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,173,280
$1.2M
Cap Rate 7%
$838,057
$838.1K
Cap Rate 9%
$651,822
$651.8K
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$87.5K $16.20/SF
− Vacancy
−$3.7K −$0.68/SF
EGI
$83.8K $15.52/SF
− OpEx
−$25.1K −$4.66/SF
NOI
$58.7K $10.86/SF
Area
Hennepin 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%
$1,173,280
Cap Rate 7%
$838,057
Cap Rate 9%
$651,822
Alternative Uses
Best Use
Industrial
$838.1K
$733.3K – $977.7K
NOI $58,664 @ 7.0% cap · market cap 7.11%
Second Best
Flex RnD
$635.4K
$556.0K – $741.3K
NOI $44,479 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,183 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
724
Businesses Nearby
Explore this area
Business Placement
Demographics for 55420, MN
23,128
Population
9,638
Households
2.4
Avg Household Size
39
Median Age
31%
College-Educated
86%
High-School Grad
6.7 sq mi
ZIP Area
3,452
Density / Sq Mi
$77,539
Median Household Income
$42,441
Median Earnings
$1,277
Median Rent
$306,600
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Established cabinet-shop layout with finished office space, sprinkler protection, and highway connections near I-35W and I-494.
Where is this manufacturing property located?
The property is located at 8301 Pillsbury Ave S Bloomington, MN.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Established cabinet‑shop configuration; Finished office mezzanine; Sprinkler system in place
