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Investment Highlights

  • No deferred maintenance on this beautiful brick building.

Executive Summary

Beautiful concrete and steel building with brick exterior. Former HQ of Dakota Electric. The building has approximately 15,000 sq ft office space and 15,000 square feet of warehouse space. Building is currently fully occupied by a variety of tenants on a mix of short term and longer term leases. The building has no deferred maintenance. All roofing, lighting, flooring, and HVAC installed 2019 or later.

Property Facts

Price $3,840,000
Price Per SF $128
Sale Type Investment or Owner User
Cap Rate 5%
Property Type Flex
Property Subtype Light Manufacturing
Building Class C
Lot Size 0.94 AC
Rentable Building Area 30,000 SF
No. Stories 3
Year Built/Renovated 1956/2019
Parking Ratio 1.33/1,000 SF
Clear Ceiling Height 14’
No. Drive In / Grade-Level Doors 10
Zoning B-4 Neighborhood Business - low to medium density housing combined with complementary and supporting business land uses that serve a neighborhood

Amenities

  • 24 Hour Access
  • Front Loading
  • Signage
  • Yard
  • Accent Lighting
  • Roof Terrace
  • Storage Space

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • -
  • -
  • -

Appliance ReNew is a locally owned / operated recycle business and new mattress seller. We are a major provider of NEW (scratch and Dent) and used appliances and new mattresses in the south metro of Minneapolis / St Paul market. All of our appliances come with a parts and labor warranty. At Appliance ReNew, you can find quality used appliances to fit your needs and your budget. We sell washers, dryers, gas and electric stoves, refrigerators and more. All the appliances we sell have been inspected, serviced and certified to deliver the quality that you and your family deserve. All of our new mattresses are high quality and come with a manufacture warranty. Our goal is to deliver quality pre-owned appliances at great value for our customers.

  • Expert T Billing
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -

Oxygen for your Network – Like the air we breathe, our clients should take their technology for granted, stay productive and focus on what they do best.SOL-IS is a locally owned and operated IT Managed Services Provider serving the greater Minneapolis and St. Paul region. With a focus on operating as our client’s IT department. Services available can provide help desk support, consulting, proactive Managed Services and cloud computing to small businesses that cannot afford an full time IT staff.

  • Wild Fig Marketing
  • -
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
Retailer - - -
Expert T Billing Professional, Scientific, and Technical Services - - -
Professional, Scientific, and Technical Services - - -
Wild Fig Marketing - - - -
Somewhat walkable
30/100
Very drivable
80/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
14-56700-00-220
Land Assessment
$230,300
Improvements Assessment
$510,100
Total Assessment
$740,400
  • Listing ID: 37679466

  • Date on Market: 9/14/2025

  • Last Updated:

  • Address: 821 3rd St, Farmington, MN 55024

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