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Building A 108 Dundas Rd 6,975 SF 100% Leased Industrial Building Monticello, MN 55362 $1,050,000 ($150.54/SF) 7.64% Cap Rate
Investment Highlights
- Fully leased 6,976 SF industrial building with three separate units.
- High-quality construction with insulated walls, air conditioning, and 14' x 14' overhead doors.
- Strong investment with a 7.64% CAP rate and long-term leases in place.
- Prime location with frontage on Dundas Road and easy access to I-94 and Highway 25.
Executive Summary
This fully leased industrial property in Monticello, Minnesota, offers a strong investment opportunity with a 7.64% CAP rate. The building totals 6,976 square feet and is divided into three units, each featuring an 18' x 20' office with mezzanine, restroom, and warehouse space. The property is designed for flexibility, accommodating office, warehouse, industrial, or storage uses.
Constructed with durability and functionality in mind, the building includes 5-inch concrete floors, full insulation, air conditioning, interior white steel lining, unit heaters, and 14' x 14' overhead doors. Each unit is separately metered for utilities, and the property features floor drains with flammable waste traps for added safety.
Located on Dundas Road with quick access to I-94 and Highway 25, the property benefits from excellent visibility and connectivity. Nearby businesses include major retailers such as Target, Home Depot, Fleet Farm, and Walmart Supercenter. The area also offers city fiber optics for high-speed internet and city incentives for job creation, making this a desirable location for tenants.
Constructed with durability and functionality in mind, the building includes 5-inch concrete floors, full insulation, air conditioning, interior white steel lining, unit heaters, and 14' x 14' overhead doors. Each unit is separately metered for utilities, and the property features floor drains with flammable waste traps for added safety.
Located on Dundas Road with quick access to I-94 and Highway 25, the property benefits from excellent visibility and connectivity. Nearby businesses include major retailers such as Target, Home Depot, Fleet Farm, and Walmart Supercenter. The area also offers city fiber optics for high-speed internet and city incentives for job creation, making this a desirable location for tenants.
Property Facts
| Price | $1,050,000 | Building Class | B |
| Price Per SF | $150.54 | Lot Size | 0.53 AC |
| Sale Type | Investment | Rentable Building Area | 6,975 SF |
| Cap Rate | 7.64% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 2020 |
| Property Subtype | Warehouse | ||
| Zoning | I-2 - Heavy Industrial | ||
| Price | $1,050,000 |
| Price Per SF | $150.54 |
| Sale Type | Investment |
| Cap Rate | 7.64% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.53 AC |
| Rentable Building Area | 6,975 SF |
| No. Stories | 1 |
| Year Built | 2020 |
| Zoning | I-2 - Heavy Industrial |
Amenities
- Floor Drains
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 155-255-001010 | Improvements Assessment | $470,100 |
| Land Assessment | $340,300 | Total Assessment | $810,400 |
Property Taxes
Parcel Number
155-255-001010
Land Assessment
$340,300
Improvements Assessment
$470,100
Total Assessment
$810,400
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Building A | 108 Dundas Rd
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