950 Us-10 Elk River, MN 55330
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.