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Property profile & analytics
OFF-MARKET
Warehouses

24947 Larson Ln Lakeville, MN 55044

1,960 SF Built 2024
Property ID
Property summary
AI-generated overview

This exceptional 1,960-square-foot warehouse condo, situated in the Field Stone Industrial Park at 24947 Larson Ln #202, Lakeville, MN 55044, presents a remarkable opportunity. Built in 2024, this single-story unit boasts a 21-foot ceiling height, perfect for various uses. The building features 28 x 70 insulated steel construction, including a 14 x 14 overhead door with opener, a fan, hose bib, LED lighting, and 100-amp three-phase power with 4-amp circuits. The floor is reinforced concrete (6" thick), and overhead sprinklers are installed. The property is zoned for industrial use. An attractive feature is the $110 monthly association fee, which covers exterior building insurance, snow removal, lawn care, and common area electricity. Conveniently located on Lakeville's south side, with easy access to I-35, this property offers exceptional value. Optional upgrades include mezzanine levels (16x28 or 24x28) and bathrooms. Community parking is available. The asking price is $283,400, translating to $144.59 per square foot. This is a new construction unit offering the advantages of ownership, including avoiding rental increases, building equity, and potential tax benefits.

Property profile
Verified
Property type Warehouses
Year built 2024
Total area 1,960 SF
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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