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    OFF-MARKET
    Commercial real estate

    24947 Larson Ln, Lakeville, MN 55044

    1,960 SF 10.51 ac lot Built 2023
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1,960-square-foot storage condo, situated within the Field Stone Industrial Park in Lakeville, MN, presents a unique opportunity. Located at 24947 Larson Lane Unit 103, this new construction unit boasts a 28 x 70 footprint, offering ample space for various needs. The insulated steel building features a 14 x 14 overhead door with opener, ensuring easy access for vehicles and equipment. Inside, you'll find reinforced 6" concrete floors, overhead sprinklers, and a high ceiling exceeding 21 feet. The unit is equipped with LED lighting, a hose bib, and 100-amp three-phase power with 4-amp circuits, catering to diverse power requirements. Heating is included, providing a comfortable workspace year-round. The property sits on a 10.51-acre lot with convenient community parking located on the west side of the building. Its prime location offers easy access to I-35, enhancing accessibility and convenience. Optional upgrades include mezzanine levels (16 x 28 or 24 x 28) and bathrooms, allowing for customization to suit individual needs. A monthly association fee of $110 covers exterior building insurance, snow removal, lawn care, and common area electricity. This is an ideal solution for those seeking secure, climate-controlled storage, a workshop, or even a small business space, offering the advantages of ownership over renting, including potential tax benefits and equity growth.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 2023
    Total area 1,960 SF
    Lot 10.51 ac (457,816 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
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    Permitted uses
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