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    Property profile & analytics
    OFF-MARKET Estimated value $1,620,000
    Industrial properties

    2535 Pilot Knob Rd, Mendota Heights, MN 55120-1169

    64,025 SF 1.35 ac lot Built 1983
    Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US46-0873153
    Property summary
    AI-generated overview

    This single-story, 63,977 square foot warehouse/flex building, constructed in 1981, offers a rare opportunity to lease a highly visible endcap space. The available space totals 5,049 square feet, ideal for a variety of uses including office, technology, or light industrial operations. The unit features a desirable 13'6" ceiling height and benefits from three-phase power. Its strategic location provides excellent access to Interstates 494 (just one block away) and Highway 55, placing businesses within minutes of the Minneapolis/St. Paul International Airport. The building's prominent position on Pilot Knob Road ensures strong visibility and brand recognition. This is a rare find: a smaller bay space in a highly sought-after location with responsive local ownership and management. The available space includes an endcap location with glass on two sides, maximizing natural light and creating a modern, attractive workspace. The building is currently multi-tenant. One available space is 1,256 square feet. Don't miss this chance to secure a prime location for your business.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1983
    Construction CONCRETE
    Total area 64,025 SF
    Lot 1.35 ac (58,806 SF)
    Zoning code R
    APN 27-16300-01-020
    UPID US46-0873153
    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
    • Isalis (Bike/Boat/Book/etc) Store
    • Party City Party Supply Store (Bike/Boat/Book/etc) Store
    • Skunk Funk Big Box & Wholesale Store
    • Carl's Trading Co Hat Shop
    • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.62M
    Owner & transaction history
    Pilot Knob LLC · 6 yrs held
    Pilot Knob LLC
    since 2019
    2 recorded transactions
    2019
    1969
    Zoning & alternative use
    R · Mendota Heights, MN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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