Property profile

1607 9th St White Bear Lake, MN 55110

OFF-MARKET
Warehouses
Property ID
US46-0729243
32,440 SF 4.5 ac lot Built 1975
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1975
Total area 32,440 SF
Lot 4.5 ac (196,020 SF)
Zoning code A
APN 15-30-22-12-0023
UPID US46-0729243

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
  • Industrial Manufacturer Production Facility

Location

1607 9th St White Bear Lake, MN 55110-6717
White Bear Lake metro Census 40504 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$857k
Blend (final) Blend
$995k

Owner & transaction history

since 2024
Last sale
$1.3M
7 recorded transactions
2024
$1.3M
2020
Price N/A
2016
Price N/A
2013
Price N/A
2011
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

A · White Bear Lake, MN

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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