170 89Th Ave Blaine, MN 55434
- Commercial real estate
- 56,857 SF
- 4.80 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 170 89Th Ave
- Year built
- 1974
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 4.80 lot acres
- Property size
- 56,857 SF
- Property type
- Commercial real estate
- APN
- 31-31-23-32-0008
- APU
- 313123320008
Description
This exceptional industrial property, located at 170 89th Avenue NE in Blaine, Minnesota, presents a significant opportunity for businesses seeking ample space and strategic location. The property boasts a substantial 56,744 square feet of building area, providing ample room for warehousing, manufacturing, or distribution operations. Situated on a generous 4.8-acre lot, the property offers significant expansion potential or the ability to incorporate outdoor storage or operational areas. The building's size and layout are highly adaptable, making it suitable for a wide range of industrial uses. Its location in Blaine, Minnesota, provides easy access to major transportation arteries, facilitating efficient logistics and distribution. The asking price for this expansive industrial property is $12 million, representing a compelling investment opportunity in a thriving market. The property's size, location, and adaptability make it an ideal choice for businesses seeking to establish or expand their operations in the Minneapolis-St. Paul metropolitan area. Serious inquiries are encouraged to explore the potential of this exceptional industrial property. Detailed specifications and floor plans are available upon request. This is a rare opportunity to acquire a substantial industrial property in a prime location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,200,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,485,000
- 6.5%
- $4,515,000
- 7%
- $4,360,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,765,000
- Geo Method
- $4,145,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,780,000
- Retail
- $4,975,000
- Mixed-Use
- $4,700,000
- Hospitality
- $4,085,000
- Educational
- $4,865,000
- Residential Income
- $4,005,000
- Energy
- $3,660,000
- Income-Based Land
- $4,795,000
- Food Service
- $4,675,000
Location Insight
- Map
- Local Demand
- City
- Blaine
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.2614
- Latitude
- 45.1312
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
