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Rare, Fenced Outdoor Storage 416 Lilac St

3,904 SF 100% Leased Industrial Building Circle Pines, MN 55014 $849,000 ($217/SF) 8.47% Cap Rate

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Executive Summary

Office space recently remodeled and in like-new condition. Rare, outdoor fenced storage in general industrial. 2 drive in warehouse doors (14’x12’, 9’x12’). 3 large private offices. 1 large office that could seat several employees. 2 bathrooms (1 with shower). Kitchen. Large fenced outdoor storage lot, roughly 0.5 acre. Security. Floor drain in warehouse. Property is zoned for general industrial outdoor storage. Contact Mike Granger

Property Facts Under Contract

Price	$849,000	Lot Size	1.07 AC
Price Per SF	$217	Rentable Building Area	3,904 SF
Sale Type	Investment or Owner User	No. Stories	2
Cap Rate	8.47%	Year Built/Renovated	1985/2020
Property Type	Industrial	Parking Ratio	2.56/1,000 SF
Property Subtype	Distribution Industrial Warehouse	No. Drive In / Grade-Level Doors	2
Building Class	C

Price	$849,000
Price Per SF	$217
Sale Type	Investment or Owner User
Cap Rate	8.47%
Property Type	Industrial
Property Subtype	Distribution Industrial Warehouse
Building Class	C
Lot Size	1.07 AC
Rentable Building Area	3,904 SF
No. Stories	2
Year Built/Renovated	1985/2020
Parking Ratio	2.56/1,000 SF
No. Drive In / Grade-Level Doors	2

Amenities

Fenced Lot

Signage

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PROPERTY TAXES

Parcel Number	17-31-22-22-0006	Improvements Assessment	$427,600
Land Assessment	$139,500	Total Assessment	$567,100

PROPERTY TAXES

Parcel Number

17-31-22-22-0006

Land Assessment

$139,500

Improvements Assessment

$427,600

Total Assessment

$567,100

zoning

Zoning Code	G-I (general industrial)
G-I (general industrial)

(651) 440-9223

Contact

Michael Granger
Lilac Street Properties

Listing ID: 33246563
Date on Market: 9/20/2024
Last Updated:
Address: 416 Lilac St, Circle Pines, MN 55014

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416 Lilac St, Circle Pines, MN for sale Building Photo- Image 1 of 13 — Building Photo

416 Lilac St, Circle Pines, MN for sale Building Photo- Image 2 of 13 — Building Photo

416 Lilac St, Circle Pines, MN for sale Interior Photo- Image 3 of 13 — Interior Photo

416 Lilac St, Circle Pines, MN for sale Interior Photo- Image 4 of 13 — Interior Photo

416 Lilac St, Circle Pines, MN for sale Interior Photo- Image 5 of 13 — Interior Photo

416 Lilac St, Circle Pines, MN for sale Building Photo- Image 6 of 13 — Building Photo

416 Lilac St, Circle Pines, MN for sale Building Photo- Image 7 of 13 — Building Photo

416 Lilac St, Circle Pines, MN for sale Building Photo- Image 8 of 13 — Building Photo

416 Lilac St, Circle Pines, MN for sale Building Photo- Image 9 of 13 — Building Photo

416 Lilac St, Circle Pines, MN for sale Building Photo- Image 10 of 13 — Building Photo

416 Lilac St, Circle Pines, MN for sale Building Photo- Image 12 of 13 — Building Photo

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