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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
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

PROPERTY TAXES

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)
  • Listing ID: 30700006

  • Date on Market: 1/19/2024

  • Last Updated:

  • Address: 7100 Medicine Lake Rd, New Hope, MN 55427

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