5505 123rd St Savage, MN 55378

OFF-MARKET

Manufacturing properties

Property ID

US46-2843803

340,588 SF 16.54 ac lot Built 1954

Entity Owned 8-yr Hold Free & Clear

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This exceptional industrial property in Scott County offers a diverse range of flexible warehouse and manufacturing spaces, perfect for various business needs. The single building, totaling 306,824 square feet, was constructed in 1969 and extensively renovated in 2019. Multiple tenancy options are available, with minimum divisible space starting at 3,294 square feet and maximum contiguous space reaching 9,294 square feet. Currently, 3,294 square feet of space is immediately available. The property boasts impressive features including 18-foot ceiling heights, enhancing storage and operational efficiency. Loading and unloading are simplified with five loading docks and five dock-high doors, complemented by one drive-in door. Tenants will appreciate shared common area amenities such as bathrooms and a kitchenette. Lease terms are gross leases, with a one-month security deposit contingent upon financial qualifications. This prime location provides easy access to transportation routes and offers a blend of modern upgrades within a well-established structure. Contact us today to explore the possibilities and secure your ideal space.

Property type Manufacturing properties

Use group MANUFACTURING (LIGHT)

Year built 1954

Total area 340,588 SF

Lot 16.54 ac (720,482 SF)

APN 26-479011-0

UPID US46-2843803

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

5505 123rd St Savage, MN 55378-5505

Savage metro Census 80100 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

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AI Approach AI

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CAP Approach CAP

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Comparable Approach Comparable

$25.95M

Blend (final) Blend

$23.01M

since 2018

2 recorded transactions

2020

Price N/A

2018

Price N/A

Comparables

6 recent transactions · within 1.5 mi

Comparable in this City

Value Estimation
$285,000

1.23 Acres

Savage, MN 55378

MANUFACTURING (LIGHT)

Savage, MN 55378

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Value Estimation
$250,000

0.11 Acres

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MANUFACTURING (LIGHT)

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Value Estimation
$355,000

4.47 Acres

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MANUFACTURING (LIGHT)

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Value Estimation
$1,135,000

14,842 SF

8687 Hwy 101st W

MANUFACTURING (LIGHT)

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Value Estimation
$7,170,000

97,976 SF

6111 Hwy 13th W

MANUFACTURING (LIGHT)

6111 Hwy 13th W, Savage, MN 55378-1235

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Value Estimation
$2,190,000

31,140 SF

12420 Wyoming Ave

MANUFACTURING (LIGHT)

12420 Wyoming Ave, Savage, MN 55378-1052

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