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 #113, Lakeville, MN 55044, presents a remarkable opportunity. Built in 2023, this single-story unit boasts a 21-foot ceiling height, perfect for various uses. The building features 28 x 70 insulated steel construction, a 14 x 14 overhead door with opener, LED lighting, 100-amp three-phase power, 4-amp circuits, and 6-inch reinforced concrete floors. Overhead sprinklers enhance safety. The unit includes a hose bib and fan. Community parking is conveniently located on the west side of the building. The monthly association fee of $110 covers exterior building insurance, snow removal, lawn care, and common area electricity. This prime location offers easy access to I-35. Optional upgrades include a mezzanine (16x28 or 24x28) and a bathroom. Ideal for storage, a workshop, a small business, or a combination thereof. Ownership provides control, security, equity potential, and potential tax benefits, eliminating rental increases. The property is zoned for industrial use.
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.
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.