Bloomington Industrial

9649 Humboldt Ave S Space
East Bloomington, Bloomington, MN
# **Inactive- Leased** 9649 S Humboldt Avenue **Year Built:** 1978 (Significant upgrades in 2013) **Land Area: 0.72 Building Square Feet: 12,907** #### Square Feet Available: **OPTION 1: 12,907 square feet total** 9,493 square feet warehouse 1,707 square feet 1st floor office 1, 707 square feet 2nd floor office \* Owner is willing to lease the 2nd floor office space separately **OPTION 2: 7,068 square feet total** 5,873 square feet warehouse 1,195 square feet 1st floor office \* Tenant occupying 4,132 sf identified on floor plan will stay or vacate. Terms available upon request. \* Owner is willing to lease the 2nd floor office space separately #### Property Information **Clear Height:** 18'**  Parking:** 20 surface stalls **Loading:** One (1) dock and Three (3) drive-ins **Office Rates:** $9.00 per square foot **Warehouse Rates:** $5.00 per square foot **2016 Real Estate Taxes:** $27,401.62 (Building) **Zoning:** I-3 Industrial **Floor Thickness - Main Level:** • 6" thick in office • 8" thick in warehouse **Price:** $1,500,000**  Description:** 0.74 acres (32,054 sf) outside storage at neighboring site  \> Fenced, paved and zoned for outdoor storage use \*Currently leased. Terms available upon request. **PID Number:** 16.027.24.24.0012 16.027.24.24.0011 **2016 Real Estate Taxes:** $7,035.10 (Land - Includes both parcels) **PID - Land:**  16.027.24.24.0012; 16.027.24.24.0011 Features - New mechanical systems - Parking: 20 surface stalls - Floor drains - Loading Docks: One (1) dock and Three (3) drive-ins - Excellent access to I-35W - New roof in 2013 with warranty through July 8th, 2023 - New lighting - New restrooms - Make-up air system - Flammable waste traps

Bloomington

Office Space Market Report

Number of Listings (last 90 days)
225
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
4,000
As of: March 12, 2017

Bloomington Rates

Most listings are in the $20's per square foot per year. The Bloomington region is seeing a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 7% increase in rent.

Bloomington Listing Supply

In the last 90 days, 225 listings have been made available, so you'll want to check back regularly for new listings. About 1% of the available space in the Bloomington are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 4,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this area were built in 1983 and are Class B.

Bloomington Community

Market Report

Trends and status of the commercial real estate market in Bloomington.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Bloomington.
Research