905 120th St
Roberts, WI 54023
Industrial Property For Sale

Mixed Use for sale at 905 120th St, Roberts, WI 54023. An excellent investment opportunity is this 2-story, mix-use wood framed concrete building comprising of about 13,000 SF of rentable space sitting on approx. 1.55 acres of land zoned residential and commercial. Occupancy is 100%, making it a strong cash flow owner-user/investment or redevelopment prospect with high NOI at 13.45% CAP. The site has excellent accessibility, with immediate entry, great visibility, and high traffic along 120th St. It is also conveniently located close to a large labor pool of Minneapolis, St. Paul, Woodbury. Potential exist for expansion into larger industrial or retail developments in the rapidly growing area, with possible 100+ surface parking spaces (shared with neighboring 903 120th St property). A newly built Amazon warehouse distribution is just 12 miles west of the location. The site is destined for a strip center for the highest and best use, with a maximum-use-study available upon request. Benefit from low property tax with St. Croix County, responsive business-friendly community. The building features basic build-out completed in 1995 with multiple offices and nine bathrooms, a 1,200 SF dance studio ($2,000 in rent), a 5,000 SF residential apartment rented to a contractor for his workers ($6,000 in rent), a 4,000 SF mechanical shop with five bays, and overhead cranes rented for $2,500 and a storage unit rented at $500. The property is equipped with 3-phase, 800 amps power as well as central heating with natural gas backup electric, and 100% climate control with air-conditioned spaces. Every aspect of the building was upgraded in 1995, including new electrical and new plumbing, with re-insulated walls. Verify information's accuracy, bearing all risk for any inaccuracies.