1065 Viking E Dr Maplewood, MN 55109
- Retail properties
- 21,900 SF
- 1.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1065 Viking E Dr
- Year built
- 1973
- Lot size
- 1.00 lot acres
- Property size
- 21,900 SF
- Zone code
- G
- Property type
- Retail properties
- APN
- 09-29-22-31-0002
- APU
- 92922310002
Description
This exceptional investment opportunity presents a 20,700-square-foot flex space located at 1065 Viking Dr E in Maplewood, Minnesota, within Ramsey County (zip code 55109). The property, classified as Class B, boasts a stabilized investment profile with a current occupancy rate of 100% and a strong net operating income (NOI) of $210,507, yielding a 9.00% capitalization rate. The asking price is $2,339,000, translating to a price per square foot of $113. The property features one loading dock and a ceiling height of 14 feet, making it suitable for a variety of uses. The building sits on a two-acre lot (APN 09-29-22-31-0002) and is zoned M1. Its location offers excellent visibility to Highway 36 and benefits from the presence of an excess lot across the street. This well-established business enjoys a prime position within its trade area, making it an attractive investment for discerning buyers seeking a stable, high-return property in a desirable location. The property is categorized as Industrial, Mixed Use, and Retail, with a Flex subtype.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $445,000
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Location Insight
- Map
- Local Demand
- City
- Maplewood
- County
- Ramsey
- State
- Minnesota
- Longitude
- -93.0575
- Latitude
- 45.0131
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
