Listed by Slaby & Associates
$595,000
824 W Delavan Dr
Details
Property Type Industrial
Sub Type Warehouse, Refrigerated/Cold Storage
Square Footage 12,490
Cap Rate 7.70%
NOI $46,000
Occupancy 16%
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 18.20%
Pro-Forma NOI $108,400
Class C
Buildings 3
Acreage 1.130
Zoning M-2
Investment Type Value Add
Ground Lease No
Loading Docks 4
Sale Condition For sale by owner
Cold & Warehouse Storage | 12,490 SqFt
Marketing description
This is a rare cold/freezer storage investment opportunity in a growing industrial market. The property offers excellent owner/user or value-add investment potential with an estimated stabilized value exceeding $1,000,000 when fully leased. Located on over 1 acre of land with space for additional self storage, the property currently generates $46,000 in annual rental income with significant upside through lease-up and additional office income. The property is situated in an Opportunity Zone location where potential TIF incentives may improve project feasibility.
Investment highlights
- Asking Price: $595,000
- Estimated stabilized value exceeding $1,000,000 when fully leased.
- Rare cold/freezer storage investment in a growing industrial market.
- On over 1 acre of land with space for additional self storage
- Excellent owner/user or value-add investment opportunity.
- Current rental income exceeds $46,000 annually
- Opportunity Zone location
- Potential TIF incentives may improve project feasibility
- One of the few refrigerated warehouse opportunities available
- Upside through lease-up and additional office income
- One of the property owners is a licensed real estate agent in the state of MN
Listing Contacts
Listed by Slaby & Associates
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$46,000.00
$3,833.33/mo
Valuation Metrics
0
DSCR
7.73%
Cap Rate
7.73%
ROI
Map
Zoning
M2 IndustrialGeneral Industrial District
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 38 uses
View all 38 uses Last updated Jan 15, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Brokerage Address
Is there information that looks off?
