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1065 Viking Dr E 20,700 SF 100% Leased Flex Building Maplewood, MN 55109 $2,600,000 ($125.60/SF) 9% Cap Rate

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EXECUTIVE SUMMARY

Multi tenant building with small bay, auto sales, warehouse manufacturing and 6,000 sq ft of commercial kitchen. There is shared office space. Owner can keep tenants to pay mortgage while using space to their needs. Building is on the frontage road for Hwy 36 with a second lobby and address on Gervais Ave. Almost a full acre for parking just north across Gervais. Building has outdoor permaculture which is being farmed to reduce outdoor maintenance. There are 44 solar panels on the roof. Newer roof and mechanicals. Software system manages the kitchen tenants without much landlord intervention. Building has a CUP to have auto sales. Fully sprinkled and alarmed fire system plus an Angel system in the kitchen. Kitchen includes walk in refrigerators and freezer, rotating rack ovens, stoves, reach in freezers, prep tables and sinks and three different 3 compartment sink areas, Hobart mixers and many carts. Tenants store kitchen products in cage areas in the central warehouse. Three separate drive in bays for tenants plus a common dock area. East side warehouse tenants lease expires in May 2026.

PROPERTY FACTS

Price $2,600,000
Price Per SF $125.60
Sale Type Investment or Owner User
Cap Rate 9%
Sale Condition 1031 Exchange
Property Type Flex
Property Subtype
Light Manufacturing
  • Industrial Food Processing
  • Industrial Refrigeration ColdStorage
Building Class C
Lot Size 2.00 AC
Rentable Building Area 20,700 SF
No. Stories 1
Year Built/Renovated 1973/2015
Parking Ratio 2.42/1,000 SF
Clear Ceiling Height 14’
No. Dock-High Doors/Loading 1
No. Drive In / Grade-Level Doors 5
Zoning M1

AMENITIES

  • Bus Line
  • Freezer (Space)
  • Security System
  • Signage
  • Skylights
  • Waterfront
  • Yard
  • Air Conditioning

UTILITIES

  • Lighting - Fluorescent
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Garden Fresh Farms
  • Agriculture, Forestry, Fishing and Hunting
  • -
  • -
  • Lorem Ipsum
  • Jan 0000
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Garden Fresh Farms Agriculture, Forestry, Fishing and Hunting - - Lorem Ipsum Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
09-29-22-31-0002
Land Assessment
$303,900
Improvements Assessment
$617,500
Total Assessment
$921,400
  • Listing ID: 38589011

  • Date on Market: 11/27/2025

  • Last Updated:

  • Address: 1065 Viking Dr E, Maplewood, MN 55109

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