Property summary
This exceptional 38,958 square foot office and industrial building presents a unique investment opportunity in White Bear Lake, Minnesota. Situated on a 4.34-acre lot at 1607 9th St, 55110, this single-story, metal building offers a blend of traditional office space and industrial functionality. Currently, 4,200 square feet of office space is available for lease within this multi-tenant building. Built in 1975, the property boasts features including fluorescent lighting and a sprinkler system, ensuring both efficiency and safety. The building is conveniently located in the Northeast submarket of Minnesota, at the Northeast quadrant of White Bear Parkway and Otter Lake Road. The I2 zoning provides flexibility for a variety of uses. The property benefits from Comcast internet access, enhancing connectivity and productivity. With its ample square footage and strategic location, this property is ideal for businesses seeking a well-maintained and functional space in a thriving community. The building's single-story design offers easy accessibility and efficient workflow. This is a rare opportunity to secure a substantial office space in a desirable location.
Property profile
VerifiedCap rate & NOI
Current use
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Industrial Manufacturer Production Facility
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
A · White Bear Lake, MNZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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