Property profile

710 Johnson Dr Delano, MN 55328

OFF-MARKET
Office Spaces
Property ID
US46-1587758
3,600 SF 0.48 ac lot Built 1981
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Property summary

AI-generated overview

This exceptional 3,600 square foot mixed-use property in Delano, Minnesota, presents a compelling investment opportunity. Located on a 0.479-acre lot at 710 Johnson Dr, 55328, this single-story, 1981-built building features a versatile layout ideal for owner-users or investors. Currently 50% occupied, the property includes a professional office space with three separate offices and expansion potential, plus a sizable garage/shop. The existing lease has 1.9 years remaining (commencing October 1, 2023, and expiring September 30, 2026), offering immediate income potential. The property boasts 15 parking spaces and is zoned for commercial use. With a list price of $450,000 ($125/sq ft), this property offers a strong return on investment. The property's location within Delano's industrial park provides excellent visibility and accessibility. This is a rare opportunity to acquire a well-maintained, income-generating property in a thriving Minnesota community. The property's flexible layout and ample parking make it an attractive option for a variety of businesses and investors. The existing lease provides immediate cash flow, while the potential for expansion and increased occupancy offers significant upside. The property's strong location and solid construction make it a sound investment for the long term. The property's APN is 107500132104.

Property profile

Verified
Property type Office Spaces
Year built 1981
Total area 3,600 SF
Lot 0.48 ac (20,865 SF)
UPID US46-1587758

Cap rate & NOI

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

Location

710 Johnson Dr Delano, MN 55328
Delano metro
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Value estimations

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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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