Technical
Financial
Distress signals
Property profile

3521 88th NE Ave Circle Pines, MN 55014

OFF-MARKET
Industrial properties
Property ID
US46-0974880
11,680 SF 1.82 ac lot Built 1998
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 11,680 square foot, single-story office/warehouse building presents a compelling investment opportunity for owner-users or investors. Strategically located at 3521 88th Avenue NE in Blaine, Minnesota, this property boasts a prime location, directly facing Lake Drive and within minutes of major transportation arteries including Highways 35W, 610, and 694. Currently fully leased, providing immediate cash flow, this light industrial-flex space offers significant flexibility for a new owner, with a potential near-term vacancy opportunity. The building has been meticulously maintained throughout its lifespan, benefiting from the original owners' direct involvement in its construction and ongoing self-management. The property features ample parking for employees and clients, complemented by attractive landscaping including grass and trees, enhancing its curb appeal and creating a pleasant work environment. Situated on a 1.36-acre lot, this property offers significant space and potential. A comprehensive marketing brochure providing further details is available. This is a rare opportunity to acquire a well-maintained, high-demand property in a highly desirable location. The asking price is $1,690,000.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1998
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 11,680 SF
Lot 1.82 ac (79,400 SF)
APN 35-31-23-32-0020
UPID US46-0974880

Cap rate & NOI

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

Location

3521 88th NE Ave Circle Pines, MN 55014-4108
Circle Pines metro Census 50828 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.17M
Blend (final) Blend
$1.04M

Owner & transaction history

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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