This fully leased industrial property in Monticello, Minnesota, offers a strong investment opportunity with a 7.64% CAP rate. The building totals 6,976 square feet and is divided into three units, each featuring an 18' x 20' office with mezzanine, restroom, and warehouse space. The property is designed for flexibility, accommodating office, warehouse, industrial, or storage uses.
Constructed with durability and functionality in mind, the building includes 5-inch concrete floors, full insulation, air conditioning, interior white steel lining, unit heaters, and 14' x 14' overhead doors. Each unit is separately metered for utilities, and the property features floor drains with flammable waste traps for added safety.
Located on Dundas Road with quick access to I-94 and Highway 25, the property benefits from excellent visibility and connectivity. Nearby businesses include major retailers such as Target, Home Depot, Fleet Farm, and Walmart Supercenter. The area also offers city fiber optics for high-speed internet and city incentives for job creation, making this a desirable location for tenants.