Property profile

940 6Th Ave NE Milaca, MN 56353

FOR SALE
Other commercial real estate
Property ID
US46-1322535
2.07 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

An industrial facility located in Milaca, MN 56353 within Milaca’s Industrial Park on 2.07 acres, positioned just off State Highway 169 with access to regional markets approximately 40 miles north of I-94 and about 30 miles northeast of St. Cloud. The building configuration includes dock and drive-in loading doors and a truck court engineered to accommodate semi-truck traffic. Interior space features first-floor office areas with a reception area, men’s and women’s restrooms, and a lab area with natural light via windows. A mezzanine level contains four offices, a conference room, a break room with kitchenette, and a unisex restroom. The electrical service is rated at 800 AMP, 600 volt, 3-phase, supporting a wide range of industrial uses. The warehouse includes updated LED lighting. Heating and cooling is provided by a geothermal HVAC system, and the office area has central air conditioning.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 2.07 ac (90,169 SF)
APN 21-561-0040
UPID US46-1322535

Cap rate & NOI

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

Location

940 6Th Ave NE Milaca, MN 56353
Milaca metro Census 170500 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$375k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$375k

Owner & transaction history

since 2022
Last sale
$400,000
1 recorded transaction
2022
$400,000

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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