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Property profile & analytics
FOR LEASE
Industrial properties

299 Johnson Ave SW Waseca, MN 56093

17.66 ac lot
Entity Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US46-2288541
Property summary
AI-generated overview

This exceptional Waseca, Minnesota property at 299 Johnson Ave SW offers a substantial 248,121 square feet of combined office and industrial space. Currently, 122,116 square feet of vacant space is available for lease, divisible into units as small as 1,849 square feet, with a maximum contiguous space of 122,116 square feet. The building, constructed in 1954 and renovated in 1982, is classified as Class C and sits on a generous 19.72-acre lot. The property boasts impressive features including ceiling heights ranging from 10 to 22 feet, twelve dock-high doors, one drive-in door, and ample parking with 575 spaces. The building is equipped with elevators and benefits from heavy power capabilities, making it ideal for a variety of industrial uses. The zoning is I-2 Moderate Industry District, allowing for a range of potential tenants. The property's APN is 17.018.2200 | 17.126.0290. This versatile space presents a unique opportunity for businesses seeking a significant footprint in a well-located industrial area. The property's size and features make it suitable for a variety of industrial and office tenants. Inquire today to learn more about lease options and explore the possibilities.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Lot 17.66 ac (769,270 SF)
APN 17.018.2200
UPID US46-2288541
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
$2.55M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.38M
Owner & transaction history
Ml Wingate LLC · 5 yrs held
Ml Wingate LLC
since 2021
Last sale
$2.1M
1 recorded transaction
2021
$645,455
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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