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    3308 5Th St Waite Park, MN 56387

    Sponsored
    For Sale
    $595,000

    3,700 SF Flex Space, Excellent Condition

    Property size:
    3,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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 Features for 3308 5Th St

    General Information

    Property type
    Distribution properties
    Square Feet
    3,700 SF
    Class
    B
    Lot Size
    43,560 SF

    Building Details

    Year Built
    2003

    HighLights

    • High‑quality construction and office finishes, built in 2003.
    • 16‑foot clear height warehouse with 11‑foot drive‑in door.
    • Floor drain with flammable waste trap.
    • In‑floor radiant heating and unit heaters.
    • Multiple restrooms for office and warehouse areas.
    • Approximately 20 parking stalls.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Clothing Store Hotel & Motel Auto Parts Store Wholesale Shop Kitchen & Bath Building Supply HVAC Service Electronics Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Waite Park
    County
    Stearns
    State
    Minnesota
    Longitude
    -94.2616202
    Latitude
    45.5443494

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    FAQs

    What type of property is this?
    Distribution property - 3,700 SF Flex Space, Excellent Condition
    Where is this distribution property located?
    The property is located at 3308 5Th St Waite Park, MN.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: High-quality construction and office finishes, built in 2003.; 16-foot clear height warehouse with 11-foot drive-in door.; Floor drain with flammable waste trap.
    Request Owner's contact information
    3308 5Th St Waite Park, MN 56387
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    Waite Park, MN 56387
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    Realmo Value Estimation

    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.

    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.

    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
    3308 5Th St Waite Park, MN 56387
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