24947 Larson Ln Lakeville, MN 55044
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.
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
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