400 Railroad W Ave Onamia, MN 56359-2709
This exceptional 15,340-square-foot industrial property, situated on a 1.42-acre lot (61,855 sq ft), presents a unique opportunity in the Mille Lacs submarket, near Minneapolis. Built in 1998, this single-story building boasts a blend of manufacturing and flex space, perfectly suited for a variety of businesses. The property features 12,886 square feet of manufacturing/storage space and 2,454 square feet of fully remodeled office space, comprising seven individual offices. High-speed internet access is available via a fiber connection, ensuring seamless operations. The space is well-equipped with ample power outlets (every 10 feet), full air conditioning, and filtered air, ideal for clean manufacturing environments. The property previously served a medical device manufacturer. A large break room and conference area have been recently redesigned and refinished. Parking is abundant with over 20 spaces in a paved asphalt lot. Conveniently located near the Soo Line ATV Trail and HWY 169, this property offers easy access and high visibility. The building includes four bathrooms and two overhead drive-in doors for efficient loading and unloading. The property is zoned commercial (APN: 228100160 & 228100170) and is immediately available. Property taxes are $0.45 per square foot.
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Multisource Onamia Industrial Manufacturer
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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