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    Property profile & analytics
    OFF-MARKET Estimated value $580,000
    Flex space

    1315 6th St, Howard Lake, MN 55349-5650

    14,123 SF 1.17 ac lot Built 1980
    Individually Owned 21-yr Hold Free & Clear
    Property ID
    US46-1591909
    Property summary
    AI-generated overview

    This 14,123 square foot industrial manufacturing building is situated on a 1.17-acre lot in Howard Lake, Minnesota, at 1315 6th St, zip code 55349. Built in phases (1980, 1992, and 2002), the single-story structure boasts a 12-foot ceiling height, one loading dock, and one dock-high door. The property is zoned for industrial use and offers excellent visibility from State Highway 12, providing convenient access for trucks. The building features a well-maintained exterior, a welcoming entry lobby, and front office space. The asking price is $799,000, translating to $56.57 per square foot. Its location offers easy access to the Twin Cities (Minneapolis/St. Paul) metropolitan area, approximately 45 minutes away. The property's APN is 109-500-041209. This presents a compelling opportunity for businesses seeking a well-equipped and strategically located manufacturing facility. The property includes all the necessary features for efficient operations and a strong visual presence. This is a single-unit building.

    Property profile
    Verified
    Property type Flex space
    Use group LIGHT INDUSTRIAL
    Year built 1980
    Construction STEEL FRAME
    Total area 14,123 SF
    Lot 1.17 ac (50,791 SF)
    APN 109-500-041209
    UPID US46-1591909
    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
    Current use
    Occupant on record · Public records
    • Innocast Corporation (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $425k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $721k
    Blend (final) Blend
    $580k
    Owner & transaction history
    Lutheran Good Sama Evangelical · 21 yrs held
    Lutheran Good Sama Evangelical
    since 2004
    1 recorded transaction
    2004
    $500
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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