7100 Medicine Lake Rd
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7100 Medicine Lake Rd
32,806 SF 100% Leased Flex Building New Hope, MN 55427 $3,575,854 ($109/SF)
Investment Highlights
- Great accessibility via 169 and Highway 100
- Recent pavement sealcoat and new striping
- Tremendous visibility (on corner of Medicine Lake and Nevada Avenue)
Executive Summary
This exceptional property presents a remarkable opportunity for owners users or investors. Boasting a fantastic location with easy accessibility via routes 169 and Highway 100, the site offers grade level loading with each bay measuring 12' x 14' and dock loading at a convenient 4' height. The property features ample power, a large truck court accommodating 53' and 48' trailers, and 73 well-defined parking spaces with the potential for expansion. The exterior includes a generous half-acre of storage space, and the rear warehouse provides a 16' clear height. Positioned at the corner of Medicine Lake and Nevada Avenue, the property enjoys tremendous visibility, making it an ideal space for various automotive uses. Recent enhancements, including pavement sealcoat and new striping, further enhance the appeal of this investment opportunity.
Property Facts
Price | $3,575,854 | No. Stories | 1 |
Price Per SF | $109 | Year Built | 1963 |
Sale Type | Investment or Owner User | Parking Ratio | 2.23/1,000 SF |
Property Type | Flex | Clear Ceiling Height | 16 FT |
Building Class | B | No. Dock-High Doors/Loading | 3 |
Lot Size | 5.21 AC | No. Drive In / Grade-Level Doors | 1 |
Rentable Building Area | 32,806 SF |
Price | $3,575,854 |
Price Per SF | $109 |
Sale Type | Investment or Owner User |
Property Type | Flex |
Building Class | B |
Lot Size | 5.21 AC |
Rentable Building Area | 32,806 SF |
No. Stories | 1 |
Year Built | 1963 |
Parking Ratio | 2.23/1,000 SF |
Clear Ceiling Height | 16 FT |
No. Dock-High Doors/Loading | 3 |
No. Drive In / Grade-Level Doors | 1 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Floor
- 32,806 SF
- Flex
- Full Build-Out
- 30 Days
Space | Size | Space Use | Condition | Available |
1st Floor | 32,806 SF | Flex | Full Build-Out | 30 Days |
1st Floor
Size |
32,806 SF |
Space Use |
Flex |
Condition |
Full Build-Out |
Available |
30 Days |
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PROPERTY TAXES
Parcel Number | 20-118-21-34-0033 | Improvements Assessment | $485,000 |
Land Assessment | $1,815,000 | Total Assessment | $2,300,000 |
PROPERTY TAXES
Parcel Number
20-118-21-34-0033
Land Assessment
$1,815,000
Improvements Assessment
$485,000
Total Assessment
$2,300,000
zoning
Zoning Code | I (Industrial) |
I (Industrial) |
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7100 Medicine Lake Rd
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