1065 Viking DrMaplewood, MN 55109

For Sale
$2,339,000
High-yield flex space, 20,700 SF, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional investment opportunity presents a 20,700-square-foot flex space located at 1065 Viking Dr E in Maplewood, Minnesota, within Ramsey County (zip code 55109). The property, classified as Class B, boasts a stabilized investment profile with a current occupancy rate of 100% and a strong net operating income (NOI) of $210,507, yielding a 9.00% capitalization rate. The asking price is $2,339,000, translating to a price per square foot of $113. The property features one loading dock and a ceiling height of 14 feet, making it suitable for a variety of uses. The building sits on a two-acre lot (APN 09-29-22-31-0002) and is zoned M1. Its location offers excellent visibility to Highway 36 and benefits from the presence of an excess lot across the street. This well-established business enjoys a prime position within its trade area, making it an attractive investment for discerning buyers seeking a stable, high-return property in a desirable location. The property is categorized as Industrial, Mixed Use, and Retail, with a Flex subtype.

Highlights

  • Established business with strong history.
  • High visibility from Hwy 36 and adjacent excess land.
  • Excellent location within the primary trade area.

Property Details for 1065 Viking Dr

Property type
Retail properties, Mixed-use properties
Square Feet
20,700 SF
Class
B
Lot Size (sq. ft)
87,120 SF

Location Insight

City
Maplewood
County
Ramsey
State
Minnesota
Latitude
45.0131299
Longitude
-93.057548
1065 Viking Dr, Maplewood, Minnesota

FAQs

What type of property is this?
Retail property - High-yield flex space, 20,700 SF, 100% occupied.
Where is the retail property located?
The property is located at 1065 Viking Dr Maplewood, MN.
What is the asking price?
The asking price for this property is $2,339,000.
What are key features of this property?
This property features: Established business with strong history.; High visibility from Hwy 36 and adjacent excess land.; Excellent location within the primary trade area.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1065 Viking Dr
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