721 Industrial Blvd Ste A10, Watertown, MN 55388-4304
This exceptional 1,090 square foot garage condo at 721 Industrial Boulevard Unit C4, Watertown, MN, presents a unique investment opportunity. Located within the Workshops of Watertown development, this unit boasts a range of high-quality features including sheetrocked walls, a tin ceiling, and a 14-foot insulated garage door with opener. Two LED lights illuminate the space, complemented by efficient in-floor heating. The unit is equipped with a 100-amp electrical service, a floor trench drain, and a fire suppression system. A rough-in bathroom with shower is included, and the structure is designed to accommodate a future mezzanine. Exterior features include LP siding, an asphalt shingled roof, concrete aprons, and an asphalt lot. Utilities readily available include electricity, gas, city water/sewer, and phone/cable/internet access. The homeowner's association provides convenient lawn care, snow removal, refuse disposal, and security. Future planned amenities include secure entrance gates, security fencing, a wash bay, dump stations, and a lounge area. Financing options are available for qualified buyers. The property's commercial/multi-use zoning welcomes a variety of businesses. This is a rare opportunity to acquire a well-appointed and versatile garage condo in a thriving Watertown location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.