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925 N Boone Ave 19,555 SF 49% Leased Industrial Building Golden Valley, MN 55427 $3,500,000 ($178.98/SF)
Executive Summary
925 Boone Avenue North presents a compelling opportunity for both owner-users and investors seeking well-located industrial real estate in a tight market. The property is currently 49% occupied, creating immediate upside for an owner-user looking to occupy a significant portion of the building while benefiting from in-place income.
For investors, the asset offers strong fundamentals. Low industrial vacancy rates in the market support leasing demand, rental rate growth, and long-term stability. The existing tenancy provides a baseline income stream, while the available space allows for lease-up at market rates or strategic repositioning.
Whether the objective is to secure space for an operating business or to acquire an industrial asset with built-in flexibility and upside, 925 Boone Avenue North stands out as a rare opportunity in a supply-constrained industrial environment.
• Address: 925 Boone Avenue North | Golden Valley, MN 55427
• Building SF: 19,478
• Vacant SF: 9,917
• Land Area: 1.36 Acres (59,259 sf)
• PID Number: 31-118-21-24-0001
• Year Built: 1996
• Occupancy Type: Multi-tenant
• Occupancy: 49%
• County: Hennepin
• Zoning: Industrial
• Dock Doors: 2 dock doors (1 ramped) and 1 drive-in door
• Cross Streets: 10th Avenue North & Boone Avenue North
• 2025 Tax: $81,858.18
• 2026 Proposed Tax: $84,526.65
• Sale Price: $3,500,000.00
Property Facts Under Contract
| Price | $3,500,000 | Rentable Building Area | 19,555 SF |
| Price Per SF | $178.98 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1996 |
| Property Type | Industrial | Parking Ratio | 1.28/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 20’ |
| Building Class | C | No. Dock-High Doors/Loading | 2 |
| Lot Size | 1.53 AC | No. Drive In / Grade-Level Doors | 1 |
| Zoning | Light Manufacturing | ||
| Price | $3,500,000 |
| Price Per SF | $178.98 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 1.53 AC |
| Rentable Building Area | 19,555 SF |
| No. Stories | 1 |
| Year Built | 1996 |
| Parking Ratio | 1.28/1,000 SF |
| Clear Ceiling Height | 20’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | Light Manufacturing |
Amenities
- Bus Line
- Security System
- Air Conditioning
Utilities
- Lighting
- Water
- Heating
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
7,500 Square Feet of Warehouse * 2,460 Square Feet of Office Rent * 2 Block North of Hwy 55 and Boone Ave * Private front entrance with reception area * Forced hear & air conditioning * Handicapped accessible restrooms * Tenant may modify per needs * Off-Street Parking * Rear warehouse entrance * Two warehouse loading docks * 20 foot ceilings in warehouse * Forced heat * Separate warehouse restrooms * Large break room * Security System * Floor Area Ratio is 0.29 * Dock doors are normally occupied but could be available if needed occasionally
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl - South | 10,000 SF | Industrial | Full Build-Out | Aug 2026 |
1st Fl - South
| Size |
| 10,000 SF |
| Space Use |
| Industrial |
| Build-Out |
| Full Build-Out |
| Available |
| Aug 2026 |
1st Fl - South
| Size | 10,000 SF |
| Space Use | Industrial |
| Build-Out | Full Build-Out |
| Available | Aug 2026 |
7,500 Square Feet of Warehouse * 2,460 Square Feet of Office Rent * 2 Block North of Hwy 55 and Boone Ave * Private front entrance with reception area * Forced hear & air conditioning * Handicapped accessible restrooms * Tenant may modify per needs * Off-Street Parking * Rear warehouse entrance * Two warehouse loading docks * 20 foot ceilings in warehouse * Forced heat * Separate warehouse restrooms * Large break room * Security System * Floor Area Ratio is 0.29 * Dock doors are normally occupied but could be available if needed occasionally
Property Taxes
| Parcel Number | 31-118-21-24-0001 | Improvements Assessment | $2,154,000 |
| Land Assessment | $424,000 | Total Assessment | $2,578,000 |
Property Taxes
Presented by
925 N Boone Ave
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