Property profile

320 Chelsea Rd Monticello, MN 55362

OFF-MARKET
Outlet malls
Property ID
US46-2889334
165,248 SF 28.5 ac lot Built 2016
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2016
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 165,248 SF
Lot 28.5 ac (1,241,416 SF)
APN 155-241-001010
UPID US46-2889334

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store
  • Department Store
  • (Bike/Boat/Book/etc) Store Auto Parts Store

Location

320 Chelsea Rd Monticello, MN 55362-7911
Monticello metro Census 100206 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$12.08M
Blend (final) Blend
$17.36M

Owner & transaction history

since 2020
Last sale
$20.8M
3 recorded transactions
2020
$20.8M
2017
Price N/A
2017
$8.9M

Zoning & alternative use

Top alternative use upside
Office building $21.9M +13.3%
Restaurant $21.6M +11.8%
Auto repair, garage $19.4M +0.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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