Listing Summary
19,478 Office/Warehouse Building | Owner/User/Investment Opportunity
Full Description
19,478 Office/Warehouse Building
Owner/User/Investment Opportunity
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
Quick Glance
- Listing ID:
CL-Minnesota-27252
- Status:
Active
- Year Build:
N/A
- Building Size:
N/A
- Lot Size:
N/A