1321 7Th StHopkins, MN 55343

  • Industrial properties
  • 0.30 AC
For Sale
$999,000 View listing

Property Details for 1321 7Th St

Year built
1970
Construction
CONCRETE BLOCKS
Lot size
0.30 AC
Property type
Industrial properties
APN
25-117-22-23-0028
APU
2511722230028

Description

This exceptional 9,900 square foot warehouse, situated on a 0.3-acre lot at 1321 7th Street S in Hopkins, Minnesota, presents a unique investment opportunity. Boasting 14-foot ceilings, this expansive space offers ample room for various business operations. Three recently remodeled bathrooms provide convenience and comfort for employees and clients. The building's efficient design includes split utilities for each floor, allowing for precise cost management and energy savings. A freight elevator significantly streamlines the handling and movement of goods, enhancing operational efficiency. Climate control is ensured through a forced-air system, maintaining a comfortable working environment throughout the year. Beyond the warehouse space, a thoughtfully converted office area offers added versatility. This area includes a functional kitchen, a comfortable sitting room, and a convenient laundry area, enhancing the property's overall usability and appeal. This property is priced at $875,000 and represents a compelling opportunity to acquire a well-maintained and strategically located warehouse in a thriving Hopkins, MN market. The combination of size, amenities, and location makes this an exceptional offering for businesses seeking to expand or relocate.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,750,075
    Hospitality
    $2,519,054
    Educational
    $2,095,824
    Medical
    $2,167,902
    Retail
    $3,260,170

Location Insight

City
Hopkins
County
Hennepin
State
Minnesota
Latitude
44.9137
Longitude
-93.4179
CBSA code
33460
CBSA name
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$25,901
$104,000
$739,000
$843,000
-
$104,000
$739,000
$843,000

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