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Property profile & analytics
OFF-MARKET
Industrial properties

106 State Hwy 22nd S Mapleton, MN 56065-9567

5,100 SF 1.28 ac lot Built 1999
Individually Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US46-1928600
Property summary
AI-generated overview

This exceptional 4,500-square-foot commercial property presents a unique opportunity for businesses seeking versatile and well-equipped space. Situated on the edge of Mapleton, Minnesota, with convenient Highway 22 frontage, this building boasts a substantial 60x75-foot steel-framed shop, meticulously insulated and equipped with radiant heat for year-round comfort. Three 14-foot overhead doors provide ample access for large equipment or vehicles. A seamlessly integrated 30x20-foot office area offers a professional workspace, complete with two bathrooms for added convenience. The shop floor is constructed of durable cement, incorporating strategically placed drains for efficient water management. Plentiful utilities are in place, including hot and cold running water, ensuring a functional and comfortable environment for a variety of commercial uses. The property's strategic location and comprehensive features make it an ideal choice for businesses seeking a blend of workshop and office space in a highly accessible location. This is a rare opportunity to acquire a well-maintained and versatile commercial property ready for immediate occupancy. The property is offered at $337,500.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1999
Total area 5,100 SF
Lot 1.28 ac (55,757 SF)
APN R15.24.03.301.029
UPID US46-1928600
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Thomas J Pankake · 2 yrs held
Thomas J Pankake
since 2023
1 recorded transaction
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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