24947 Larson Ln Lakeville, MN 55044
This newly constructed warehouse unit, located in the Field Stone Industrial Park in Lakeville, Minnesota (55044), offers 24947 Larson Ln an exceptional opportunity for storage, workshop, or small business use. The 1,200 square foot unit boasts a 16x28 foot mezzanine, perfect for additional storage or office space. Features include a bathroom, 14x14 overhead door with opener, LED lighting, 100-amp three-phase power, 4-amp circuits, 6-inch reinforced concrete floors, overhead sprinklers, and over 21-foot ceilings. The insulated steel building is heated and includes a hose bib. The property benefits from paved roads and convenient access to I-35. A monthly association fee of $110 covers exterior building insurance, snow removal, lawn care, and common area electricity. Community parking is available. The unit's strategic location on the south side of Lakeville provides easy access to major transportation routes. This is a unique opportunity to own your space, avoiding rental increases and gaining equity while potentially benefiting from tax advantages. The standard price before build-outs was $283,400.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.