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    OFF-MARKET
    Commercial real estate

    710 Johnson Dr, Delano, MN 55328

    3,600 SF 0.48 ac lot Built 1981
    Property ID
    US46-1587758
    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 Commercial real estate
    Year built 1981
    Total area 3,600 SF
    Lot 0.48 ac (20,865 SF)
    APN 107500132104
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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