Property profile

12467 Boone Ave Savage, MN 55378

OFF-MARKET
Manufacturing properties
Property ID
US46-0551987
12,565 SF 0.98 ac lot Built 1979
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1979
Total area 12,565 SF
Lot 0.98 ac (42,689 SF)
APN 26-057004-0
UPID US46-0551987

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

12467 Boone Ave Savage, MN 55378-1282
Savage metro Census 80201 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.50M
CAP Approach CAP
$2.10M
Comparable Approach Comparable
$1.26M
Blend (final) Blend
$1.46M

Owner & transaction history

since 2023
Last sale
$1.6M
4 recorded transactions
2023
$1.6M
2018
Price N/A
2017
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.7M +41.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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