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Property profile & analytics
OFF-MARKET
Commercial real estate

3308 5th S St Waite Park, MN 56387-1391

2,400 SF 1 ac lot Built 2003
Entity Owned Absentee Owner Free & Clear
Property ID
US46-3044941
Property summary
AI-generated overview

This exceptional 3,700 square foot commercial property in Waite Park, Minnesota, presents a unique investment opportunity. Located at 3308 5th St S, 56387, this Class B building sits on approximately one acre of land and offers a versatile blend of office and warehouse space, ideal for a variety of businesses. Built in 2003, the property boasts 1,200 square feet of finished office space featuring high-quality construction and finishes. The remaining approximately 2,500 square feet comprises a warehouse/shop area with a 16-foot clear ceiling height and an 11-foot drive-in door, perfect for storage or light manufacturing. Practical features include a floor drain, flammable waste trap, in-floor heat, and unit heaters. Multiple restrooms conveniently serve both the office and warehouse areas. Ample parking is provided with approximately 20 stalls. The property is currently vacant and available for sale at $595,000 with a Net Lease type. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a desirable location. The APN is 98.60672.0676.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2003
Construction WOOD
Total area 2,400 SF
Lot 1 ac (43,722 SF)
APN 98.60672.0675
UPID US46-3044941
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
SHANNON ENTERPRISES LLC
SHANNON ENTERPRISES LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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