Warehouse and Office
For Sale
Contact for pricing
8303 216th St N, Forest Lake, MN 55025
Warehouse and office improvements currently operate under a Conditional Use Permit within a residentially zoned district.
Property Size6,960 SF
Lot Size12.32 Acres
Days on Market54
Property Features for 8303 216th St N
General Information
Standard status
Active
Size
6,960 SF
Lot size
12.32 Acres
Zoning
Single Family Residential District
Additional Details
Highway Access
Yes
Building Details
Year Built
1976
Building Size
6,960 SF
Listing Agency:
RE/MAX Results
Listed By:
Mark K Hulsey · License #40169559
(651) 256-7404
Source:
Searchhousesnow
Added: Aug 24
Changed: Oct 4
Last Checked: Oct 7 at 5:37PM
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 RE/MAX Results
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Investment Insights
Based on property information with market context.
The property includes warehouse and office improvements on a 12.32-acre site containing 536,657 square feet. Built in 1976, the site is currently used for a landscaping supply business and operates under a Conditional Use Permit. The City has indicated that a CUP may be possible for a similar industrial use under new ownership.
Zoned Single Family Residential District, the property is near Forest Lake, a 2,270-acre recreational and fishing lake. Access is available from I-35 and the City of Forest Lake, with Minneapolis and St. Paul approximately 35–45 minutes away. Average household income within 1 mile is $157,612.
The landscaping business may be acquired with or without the real estate. The property is suited to continued landscaping-related operations or evaluation of a similar industrial use, subject to applicable approvals.
Zoned Single Family Residential District, the property is near Forest Lake, a 2,270-acre recreational and fishing lake. Access is available from I-35 and the City of Forest Lake, with Minneapolis and St. Paul approximately 35–45 minutes away. Average household income within 1 mile is $157,612.
The landscaping business may be acquired with or without the real estate. The property is suited to continued landscaping-related operations or evaluation of a similar industrial use, subject to applicable approvals.
Key Highlights
- 12.32‑acre site containing 536,657 SF
- Warehouse and office improvements built in 1976
- Current operations under a Conditional Use Permit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,611
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,512,220
$1.5M
Cap Rate 7%
$1,080,157
$1.1M
Cap Rate 9%
$840,122
$840.1K
Market Conditions
NOI Build-Up for 6,960 SF
Gross rent
$112.8K $16.20/SF
− Vacancy
−$4.7K −$0.68/SF
EGI
$108.0K $15.52/SF
− OpEx
−$32.4K −$4.66/SF
NOI
$75.6K $10.86/SF
Area
Washington 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%
$1,512,220
Cap Rate 7%
$1,080,157
Cap Rate 9%
$840,122
Alternative Uses
Best Use
Warehouse
$1.31M
$1.15M – $1.53M
NOI $91,814 @ 7.0% cap · market cap 9,181,400.00%
Second Best
Flex RnD
$1.11M
$972.1K – $1.30M
NOI $77,768 @ 7.0% cap · market cap 7,776,800.00%
Theoretical Best
Office A
$1.93M
$1.69M – $2.26M
NOI $135,329 @ 7.0% cap · market cap 13,532,900.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55025, MN
25,784
Population
10,522
Households
2.5
Avg Household Size
40
Median Age
36%
College-Educated
94%
High-School Grad
77.1 sq mi
ZIP Area
334
Density / Sq Mi
$95,993
Median Household Income
$51,041
Median Earnings
$1,355
Median Rent
$385,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Farm Gaughan — 4945-4961 Scandia Trail N, Forest Lake, MN 55025
- Minnesota Lakes Mini Storage — 22092 Everton Ave N, Forest Lake, MN 55025
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse and office improvements currently operate under a Conditional Use Permit within a residentially zoned district.
Where is this warehouse located?
The property is located at 8303 216th St N Forest Lake, MN.
What are key features of this property?
This property features: 12.32‑acre site containing 536,657 SF; Warehouse and office improvements built in 1976; Current operations under a Conditional Use Permit
