5201 Lakeland Ave N - Industrial FOR SALE


Minneapolis, MN 55429- Twin Oaks
$825,000 USD
952-260-0330
5201 Lakeland Ave N, Minneapolis, MN for Sale
$825,000 USD
Industrial - FOR SALE
1/25
null | Request Cap Rate

5201 Lakeland Ave N
Minneapolis, MN 55429
Twin Oaks


HIGHLIGHTS

  • Two oversized garage doors (one dedicated to each unit)
  • Approximately 25% office space / 75% industrial space
  • Functional layout ideal for owner-users
  • Air Conditioning Unit in one of the bays recently replaced
  • One unit includes a 23’ x 38’ mezzanine for additional storage or workspace
  • New Roof 2019 | New drive-in doors | New Furnaces in both bays

OVERVIEW

Property Description: Versatile industrial property offering a total of 5,753 SF, comprised of two units with a functional mix of warehouse and office space. One unit features a 23’ x 38’ mezzanine, providing additional usable square footage for storage or office use. Both units are equipped with oversized drive-in garage doors and separate service doors, allowing for efficient access and flexible operations. The building has seen significant capital improvements, including a new roof (2019), new front entrance door, two new over-head garage door openers, new drive-in doors, new furnaces in both industrial bays, new LED lighting throughout the industrial space, and a recently updated water heater. Additional features include 3-phase power and new air conditioning in one of the bays. Ideal for owner-users seeking a well-maintained, well-designed industrial building with adaptable space for a variety of business uses. Location Description: Well-located industrial property in the northwest Twin Cities with convenient access to Highway 169, I-94, and I-694. Centrally positioned for easy connectivity to Minneapolis, St. Paul, and surrounding metro areas. Situated in an established industrial corridor with nearby manufacturing, distribution, and service businesses, making it ideal for a variety of industrial uses.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$143 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

5201 & 5205 Lakeland Avenue N

PROPERTY TYPE

Industrial

ADD'L SUBTYPES

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45

LAND SF

19,602

ZONING

-

APN/PARCEL ID

09-118-21-21-0009

ASK ABOUT THIS PROPERTY

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952-260-0330

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952-260-0330

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