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Property profile & analytics
OFF-MARKET
Warehouses

24947 Larson Ln Lakeville, MN 55044

1,960 SF Built 2023
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 #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.

Property profile
Verified
Property type Warehouses
Year built 2023
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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