For Sale: Eden Valley MLS# 6708619
Active
$3,500,000
Commercial: Industrial/Warehouse
Built 1990
5.16 acres
Eden Valley-Watkins schools
MLS# 6708619
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Property Description
Investment/Owner User property For Sale, located at 480 Park Avenue in Eden Valley. The subject property consists of a 128, 000 +/- square foot industrial complex – currently 100% leased by Crown Crafts, Inc. Property is conveniently located just one block off Highway 55 and in close proximity to Highway 15.
Offering consists of eight buildings totaling over 128, 000 SF on approx. 5.15 +/- acres. The tenant, Crown Crafts, Inc, is one of the world’s largest infant product manufacturers. Tenant has occupied the property for over 20 years. These well-maintained buildings were mostly built in the 1990’s and 2000’s. All buildings are fully sprinkled and feature 11 loading docks (2 with levelers), 4 drive in doors, Three phase power, several front offices, breakroom/conference room, and more.
Excellent opportunity for an owner user to secure their location and capitalize on the rental income until the tenant lease expires, or for an investor to acquire the property at a high cap rate and low basis.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$3,500,000
Property Type:
Commercial
City:
Eden Valley
Garage Spaces:
4
County:
Meeker
Year Built:
1990
State:
MN
Property Style:
Industrial/Warehouse
Zip Code:
55329
Subdivision Name:
Logeais Add
Exterior
Garage Spaces:
4
Other Parking Spaces:
40
Foundation Size:
128,000 ft2
Handicap Accessible:
None
Heating System:
- Forced Air
- Radiant
Parking Features:
Parking Lot
Exterior Material:
Steel Siding
Lot & Land
Acres:
5.16
Geolocation:
45.32081, -94.540473
Inclusions:
Building, Leases
Lot Dimensions:
600 X 377
Zoning:
Industrial
Schools
School District:
463
District Phone:
320-453-2900
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$28,122
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$28,122
Units
Total Units:
8
Miscellaneous
Current Use:
- Industrial
- Manufacturing
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Orion Real Estate Advisors, Inc.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.