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Property profile & analytics
OFF-MARKET
Commercial land

400 Railroad W Ave Onamia, MN 56359-2709

Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US46-1442514
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
APN 22-810-0160
UPID US46-1442514
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
  • Multisource Onamia Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Oasis Group INC · 4 yrs held
Oasis Group INC
since 2021
Last sale
$400,000
4 recorded transactions
2022
Price N/A
2021
$400,000
2020
Price N/A
2020
$425,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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