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8555 W 123rd St W 25,162 SF 26% Leased Flex Building Savage, MN 55378 $2,995,000 ($119.03/SF)
Investment Highlights
- 19,035 SF modern industrial building
- I-1 zoning for versatile use
- Ideal for warehouse, distribution, manufacturing, or contractor operations
- Excellent access to Highway 13, Highway 169, and Interstate 35W
- 15,000 SF of fenced outdoor storage provides space for equipment, vehicles, or materials
- Eight years remaining on a 10 year lease for tenant with 4,229 SF of office. Market Rate rents and 4% annual increases
Executive Summary
Introducing 8555 W 123rd Street in Savage, Minnesota, a premier industrial property offering 19,035 square feet of versatile warehouse and operational space. Built in 2004, the property combines modern construction with a functional layout suited for manufacturing, warehousing, distribution, and owner-user operations. Its strategic location provides convenient access to major highways and the broader Twin Cities market.
Zoned I-1 (Light Industrial), the property supports a variety of industrial uses in one of the south metro's strongest industrial markets. As of December 1, 2026, approximately 14,806 square feet will be available for occupancy, while 4,229 square feet of office space is leased to an established tenant with eight years remaining and 4% annual rent increases. This creates a unique opportunity for both owner-users and investors seeking immediate functionality with stable in- place income. and stable in-place income in a highly sought-after location.
Zoned I-1 (Light Industrial), the property supports a variety of industrial uses in one of the south metro's strongest industrial markets. As of December 1, 2026, approximately 14,806 square feet will be available for occupancy, while 4,229 square feet of office space is leased to an established tenant with eight years remaining and 4% annual rent increases. This creates a unique opportunity for both owner-users and investors seeking immediate functionality with stable in- place income. and stable in-place income in a highly sought-after location.
Property Facts
| Price | $2,995,000 | Rentable Building Area | 25,162 SF |
| Price Per SF | $119.03 | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 2004 |
| Property Type | Flex | Parking Ratio | 1.6/1,000 SF |
| Building Class | B | Clear Ceiling Height | 20’ |
| Lot Size | 0.85 AC | No. Drive In / Grade-Level Doors | 3 |
| Zoning | 3A - 3A INDUSTRIAL LAND AND BUILDING | ||
| Price | $2,995,000 |
| Price Per SF | $119.03 |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Building Class | B |
| Lot Size | 0.85 AC |
| Rentable Building Area | 25,162 SF |
| No. Stories | 2 |
| Year Built | 2004 |
| Parking Ratio | 1.6/1,000 SF |
| Clear Ceiling Height | 20’ |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | 3A - 3A INDUSTRIAL LAND AND BUILDING |
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Floor
- 18,662 SF
- Flex
- -
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 18,662 SF | Flex | - | Now |
1st Floor
| Size |
| 18,662 SF |
| Space Use |
| Flex |
| Build-Out |
| - |
| Available |
| Now |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,041,200 | |
| Land Assessment | $690,600 | Total Assessment | $2,731,800 |
Property Taxes
Parcel Numbers
Land Assessment
$690,600
Improvements Assessment
$2,041,200
Total Assessment
$2,731,800
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8555 W 123rd St W
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