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30401-30405 Neal Ave 9,398 SF 100% Leased Industrial Building Lindstrom, MN 55045 $875,000 ($93.10/SF) 8.35% Cap Rate
Executive Summary
Warehouse (2 spaces) / Apartments (3) / Storage Units (15)
2 Buildings / 2 PIDs / Heavy Power - Warehouse
Located in the Lindstrom Industrial Park
PID’s: 15.00155.00 (1.01 Acres) 15.00155.10 (.81 Acres)
TAXES 2025: $12,450 / $574
See Owners Supplement for Details and Updates
NOI $73,058 (potential for an additional $10K /yr)
2 Buildings / 2 PIDs / Heavy Power - Warehouse
Located in the Lindstrom Industrial Park
PID’s: 15.00155.00 (1.01 Acres) 15.00155.10 (.81 Acres)
TAXES 2025: $12,450 / $574
See Owners Supplement for Details and Updates
NOI $73,058 (potential for an additional $10K /yr)
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$101,340
|
$10.78
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$101,340
|
$10.78
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$28,282
|
$3.01
|
| Net Operating Income |
$73,058
|
$7.77
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $101,340 |
| Annual Per SF | $10.78 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $101,340 |
| Annual Per SF | $10.78 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $28,282 |
| Annual Per SF | $3.01 |
| Net Operating Income | |
|---|---|
| Annual | $73,058 |
| Annual Per SF | $7.77 |
Property Facts
| Price | $875,000 | Lot Size | 0.93 AC |
| Price Per SF | $93.10 | Rentable Building Area | 9,398 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 8.35% | Year Built | 1975 |
| Property Type | Industrial | Parking Ratio | 1.6/1,000 SF |
| Property Subtype | Service | No. Drive In / Grade-Level Doors | 7 |
| Building Class | C | ||
| Zoning | I-1 | ||
| Price | $875,000 |
| Price Per SF | $93.10 |
| Sale Type | Investment |
| Cap Rate | 8.35% |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | C |
| Lot Size | 0.93 AC |
| Rentable Building Area | 9,398 SF |
| No. Stories | 1 |
| Year Built | 1975 |
| Parking Ratio | 1.6/1,000 SF |
| No. Drive In / Grade-Level Doors | 7 |
| Zoning | I-1 |
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Bulltear Industries Inc
- Manufacturing
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Bulltear Industries Inc | Manufacturing | - | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 15-00155-00 | Improvements Assessment | $0 (2024) |
| Land Assessment | $0 (2024) | Total Assessment | $475,900 (2024) |
Property Taxes
Parcel Number
15-00155-00
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$475,900 (2024)
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30401-30405 Neal Ave
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