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    Property profile & analytics
    FOR LEASE
    Commercial real estate

    170 NE 89Th Ave, Blaine, MN 55434

    56,857 SF 4.8 ac lot Built 1974
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US46-0962558
    Property summary
    AI-generated overview

    This exceptional industrial property, located at 170 89th Avenue NE in Blaine, Minnesota, presents a significant opportunity for businesses seeking ample space and strategic location. The property boasts a substantial 56,744 square feet of building area, providing ample room for warehousing, manufacturing, or distribution operations. Situated on a generous 4.8-acre lot, the property offers significant expansion potential or the ability to incorporate outdoor storage or operational areas. The building's size and layout are highly adaptable, making it suitable for a wide range of industrial uses. Its location in Blaine, Minnesota, provides easy access to major transportation arteries, facilitating efficient logistics and distribution. The asking price for this expansive industrial property is $12 million, representing a compelling investment opportunity in a thriving market. The property's size, location, and adaptability make it an ideal choice for businesses seeking to establish or expand their operations in the Minneapolis-St. Paul metropolitan area. Serious inquiries are encouraged to explore the potential of this exceptional industrial property. Detailed specifications and floor plans are available upon request. This is a rare opportunity to acquire a substantial industrial property in a prime location.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1974
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 56,857 SF
    Lot 4.8 ac (209,056 SF)
    APN 31-31-23-32-0008
    UPID US46-0962558
    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
    $4.20M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $5.34M
    Blend (final) Blend
    $4.20M
    Owner & transaction history
    89 Northtown LLC · 2 yrs held
    89 Northtown LLC
    since 2024
    Last sale
    $4.2M
    7 recorded transactions
    2024
    $42,000
    2023
    2020
    $5.2M
    2017
    $7.3M
    2017
    $15,000
    2007
    $375,000
    2006
    $5.0M
    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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