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    10368 Liberty Ln Chisago City, MN 55013

    Sponsored
    For Sale
    $109,000

    1.26 Acres, Prime Industrial Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This exceptional 1.26-acre parcel presents a unique investment opportunity in the thriving Chisago City, Minnesota market. Located at 10368 Liberty Ln, 55013, this property boasts a highly desirable Mixed Use - Industrial zoning designation, opening doors to a wide range of commercial and industrial development possibilities. Its strategic location provides unparalleled access to major transportation arteries, including Highway 8, Highway 61, and Interstate 35, ensuring seamless connectivity and efficient logistics. The land is ideally situated within the heart of Chisago City, benefiting from its established infrastructure and growing business community. Priced competitively at $109,000, this property represents an excellent value proposition for discerning investors seeking a versatile and strategically located land asset. The property consists of two parcels, offering flexibility in development plans. This is a rare opportunity to acquire a substantial land holding in a rapidly developing area with excellent access to major transportation routes. Don't miss this chance to secure a prime piece of Chisago City real estate.

    Property Features for 10368 Liberty Ln

    General Information

    Property type
    Land
    Lot Size
    54,886 SF

    We can help!

    Listing Contact
    Jon Whitcomb
    Jon Whitcomb

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chisago City
    County
    Chisago
    State
    Minnesota
    Longitude
    -92.89576
    Latitude
    45.378011

    Nearby Comparable

    • $55,000

      Chisago City Land Parcels

      Two land parcels in Chisago City with highway access.
      10368 Liberty Ln, Chisago City, MN 55013
      View Details
    • Contact for pricing

      Chisago City Land Opportunity

      Land available at 302nd St & Lake Blvd, Chisago City.
      302nd St & Lk Blvd, Chisago City, MN
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    • $1,764,180

      Chisago City Industrial Land Available

      Light industrial land with full utilities, close to Twin Cities.
      Liberty Ln & Karmel Ave, Chisago City, MN
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    • $1,720,000

      Highway Business Land For Sale

      Over 28 acres of highway business land with frontage.
      Hwy 8 & Pioneer Rd, Chisago City, MN
      View Details
    • Contact for pricing
      0.11 Acres

      Prime Retail Space in Lindstrom

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      12740 Lake Blvd, Lindstrom, MN 55045
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    • $110,550

      Lindstrom Industrial Land For Sale

      Industrial land with full utilities, close to Twin Cities.
      Sylvan Ave & Akerson St, Lindstrom, MN
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    • $80,000

      Land For Redevelopment in Lindstrom

      0.15 acres of land available for redevelopment.
      12895 Lake Blvd, Lindstrom, MN 55045
      View Details
    • $350,000

      Land For Sale Near Highschool

      3.53 acres of land near the High School.
      Morris Trl, Lindstrom, MN 55045
      View Details

    FAQs

    What type of property is this?
    Land - 1.26 Acres, Prime Industrial Location
    Where is this land located?
    The property is located at 10368 Liberty Ln Chisago City, MN.
    What is the asking price?
    The asking price for this property is $109,000.
    Request Owner's contact information
    10368 Liberty Ln Chisago City, MN 55013
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    Chisago City, MN 55013
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10368 Liberty Ln Chisago City, MN 55013
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    We can help!
    Listing Contact
    Jon Whitcomb
    Jon Whitcomb
    Real Estate License ID: MN 40365516
    Learn more
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