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    Property profile & analytics
    OFF-MARKET Estimated value $995,000
    Warehouses

    1607 9th St, White Bear Lake, MN 55110-6717

    32,440 SF 4.5 ac lot Built 1975
    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US46-0729243
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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
    Nosbush Holdings INC · 1 yrs held
    Nosbush Holdings INC
    since 2024
    Last sale
    $1.3M
    7 recorded transactions
    2024
    $1.3M
    2020
    2016
    2013
    2011
    1969
    1969
    Zoning & alternative use
    A · White Bear Lake, MN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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