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    950 Us-10 Elk River, MN 55330

    For Lease
    $5 SF/Yr ($1,708 /Mo)

    Versatile Office/Storage, Hwy 10 Access

    Lot size:
    4,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Elk River property at 950 US-10 offers a unique blend of commercial spaces. The 4,100 square foot building, constructed in 1976, sits on 1.32 acres of land and is classified as Class C. The two-story structure provides ample space for a variety of uses, including traditional office, executive office, coworking, and creative office spaces. The building's versatility is further enhanced by the inclusion of garage and storage units, making it ideal for businesses needing diverse workspace solutions. Currently, there is one remaining garage unit available, offering 240 square feet of space for $125 per month. The property boasts convenient highway access via Highway 10, providing excellent visibility and accessibility for clients and employees. With a total of 50 parking spaces, ample parking is available for tenants and visitors. The multiple tenancy structure allows for flexibility in leasing arrangements. This property presents a compelling opportunity for businesses seeking a versatile and well-located space in Elk River, Minnesota. The property's diverse offerings and strategic location make it an attractive investment for those seeking a strong return on investment. The combination of office and storage space caters to a wide range of business needs, ensuring a high occupancy rate and stable income stream.

    Property Features for 950 Us-10

    General Information

    Property type
    Automotive properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,100 SF
    Class
    C
    Total Rate
    1708.33

    Building Details

    Year Built
    1976
    Stories
    2

    Unit(s) available at that property

    Space
    Garage Space 4
    Size
    960 SF
    Rate per SF
    $5

    HighLights

    • High‑visibility location on Highway 10.
    • Excellent highway visibility and accessibility.
    • Prime location with high traffic counts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Elk River
    County
    Sherburne
    State
    Minnesota
    Longitude
    -93.5686349
    Latitude
    45.304301

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    FAQs

    What type of property is this?
    Automotive property - Versatile Office/Storage, Hwy 10 Access
    Where is this automotive property located?
    The property is located at 950 Us-10 Elk River, MN.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: High-visibility location on Highway 10.; Excellent highway visibility and accessibility.; Prime location with high traffic counts.
    Request Owner's contact information
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    Elk River, MN 55330
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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
    950 Us-10 Elk River, MN 55330
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