3308 5Th St Waite Park, MN 56387
- Commercial real estate
- 2,400 SF
- 1.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 3308 5Th St
- Year built
- 2003
- Construction
- WOOD
- Lot size
- 1.00 lot acres
- Property size
- 2,400 SF
- Property type
- Commercial real estate
- APN
- 98.60672.0675
- APU
- 98606720675
Description
This exceptional 3,700 square foot commercial property in Waite Park, Minnesota, presents a unique investment opportunity. Located at 3308 5th St S, 56387, this Class B building sits on approximately one acre of land and offers a versatile blend of office and warehouse space, ideal for a variety of businesses. Built in 2003, the property boasts 1,200 square feet of finished office space featuring high-quality construction and finishes. The remaining approximately 2,500 square feet comprises a warehouse/shop area with a 16-foot clear ceiling height and an 11-foot drive-in door, perfect for storage or light manufacturing. Practical features include a floor drain, flammable waste trap, in-floor heat, and unit heaters. Multiple restrooms conveniently serve both the office and warehouse areas. Ample parking is provided with approximately 20 stalls. The property is currently vacant and available for sale at $595,000 with a Net Lease type. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a desirable location. The APN is 98.60672.0676.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $415,000
- 6.5%
- $385,000
- 7%
- $360,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $420,000
- Geo Method
- $410,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $425,000
- Retail
- $425,000
- Mixed-Use
- $450,000
- Hospitality
- $435,000
- Educational
- $405,000
- Residential Income
- $395,000
- Energy
- $385,000
- Income-Based Land
- $455,000
- Food Service
- $350,000
Location Insight
- Map
- Local Demand
- City
- Waite Park
- County
- Stearns
- State
- Minnesota
- Longitude
- -94.2617
- Latitude
- 45.5443
- CBSA code
- 41060
- CBSA name
- ST. CLOUD, MN METROPOLITAN STATISTICAL AREA