Property profile

1315 6th St Howard Lake, MN 55349

OFF-MARKET
Flex space
Property ID
US46-1591909
14,123 SF 1.17 ac lot Built 1980
Individually Owned 21-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

1315 6th St Howard Lake, MN 55349-5650
Howard Lake metro Census 101200 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$425k
CAP Approach CAP
by Request
Comparable Approach Comparable
$721k
Blend (final) Blend
$425k

Owner & transaction history

since 2004
1 recorded transaction
2004
$500

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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