8409 Ctr NE Dr Spring Lake Park, MN 55432

OFF-MARKET

Industrial properties

Property ID

US46-0779245

3,540 SF 0.14 ac lot Built 1967

Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity

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This Spring Lake Park, MN property at 8409-8421 Center Drive offers a versatile 18,800 square foot warehouse space, with 3,510 square feet currently vacant. Built in 1967 and renovated in 2021, this single-tenant property sits on a 0.79-acre lot and is zoned I-1. The building features convenient grade-level overhead doors for easy loading and unloading, ideal for industrial or retail uses. The layout includes retail and showroom space at the front, seamlessly transitioning to warehouse and storage areas in the rear. Unit sizes range from 1,000 to 4,000 square feet, with the possibility of combining adjacent units to create larger spaces exceeding 8,000 square feet. Additional features include ample signage opportunities, 24/7 access, and free parking. This property presents a unique blend of retail and industrial functionality, making it an attractive investment opportunity in a desirable location. The address is 8409 Center Drive, Spring Lake Park, MN 55432. One drive-in door is available.

Property type Industrial properties

Use group INDUSTRIAL (GENERAL)

Year built 1967

Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)

Total area 3,540 SF

Lot 0.14 ac (6,200 SF)

APN 01-30-24-12-0065

UPID US46-0779245

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

8409 Ctr NE Dr Spring Lake Park, MN 55432-1309

Spring Lake Park metro Census 51001 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

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AI Approach AI

$310k

CAP Approach CAP

by Request

Comparable Approach Comparable

by Request

Blend (final) Blend

$310k

since 2020

1 recorded transaction

2020

Price N/A

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6 recent transactions · within 1.5 mi

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