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Property profile & analytics
FOR SALE
Flex space

16765 198Th Ave 56 Big Lake, MN 55309

Built 2024
Property ID
US46-0807240
Property summary
AI-generated overview

Well-maintained garage condo offering 1,500 SF (25x60) in a secure, gated industrial/business park in Big Lake. This highly functional unit features in-floor heat, water hookup, floor drains, and plumbing in place for an in-unit bathroom. The space includes a 12’x16’ drive-in overhead door, 3-phase power, and convenient drive-up access. HOA dues are $185/month and cover common area maintenance, providing a clean and professional setting. Easily accessible from Highway 10 and Highway 25, this property is ideal for contractors, small businesses, storage, or hobby use. 1,500 SF (25x60) garage condo In-floor heat with floor drains 12’x16’ drive-in overhead door Recently upgraded with professionally painted floors Water hookup + plumbing for in-unit bathroom 3-phase power Community clubhouse available for reservation featuring a bar and lounge area—ideal for meetings events or gatherings. Gated complex with remote access (HOA $185/month covers: Grass Snow Garbage Insurance Security Cameras Common Areas)

Property profile
Verified
Property type Flex space
Year built 2024
UPID US46-0807240
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
  • Busted Knuckle Garage & Whiskey Bar Association Or Organization
  • Big Lake Car Condos Storage Facility Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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