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    12467 Boone Ave Savage, MN 55378-1282
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    Property profile & analytics

    12467 Boone Ave Savage, MN 55378-1282


    • Manufacturing properties
    • 12,565 SF
    • 0.98 lot acres
    Off-Market
    Last Sale Jul 6, 2023
    $1,580,000
    Property ID
    US46-0551987
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $1,530,000
    Show details
    Cap Rate Potential
    9.4%
    Manufacturing properties
    Location Intelligence

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 12467 Boone Ave

    Year built
    1979
    Lot size
    0.98 lot acres
    Property size
    12,565 SF
    Property type
    Manufacturing properties
    APN
    26-057004-0
    APU
    260570040

    Description

    This exceptional Savage, Minnesota property at 12467 Boone Ave offers a unique blend of industrial and traditional office space, perfect for a single tenant. The building boasts a total of 12,421 square feet, providing ample room for various business needs. The flexible layout allows for customization, accommodating office space ranging from a single office to approximately 1,400 square feet. The property's industrial classification is complemented by its traditional office features, creating a versatile environment. Located in Scott County, this property offers convenient access to major transportation arteries, including Highways 169 and 13, ensuring seamless commutes and efficient logistics. With 35 parking spaces available, employee and client parking is readily accommodated. This single-tenant occupancy property presents a rare opportunity to secure a well-situated, adaptable space in a thriving Minnesota community. The zip code is 55378. The property's versatility makes it ideal for a variety of businesses seeking a functional and accessible location. This is a must-see property for businesses seeking a flexible and convenient space to grow.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $1,460,000
      ML approach
      $1,495,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $2,275,000
      6.5%
      $2,100,000
      7%
      $1,950,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,257,000
      Market price range: $957k - $1.49M
    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,195,000
      Current use
      COMMERCIAL (GENERAL)
      $1,690,000
      Change: +42% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Savage
    County
    Scott
    State
    Minnesota
    Longitude
    -93.3884
    Latitude
    44.778
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $40,970
    $430,000
    $1,336,300
    $1,766,300
    -
    $430,000
    $1,336,300
    $1,766,300
    More about this property
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