East 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

East Bloomington

Office Space Market Report

Number of Listings (last 90 days)
104
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
3,740
As of: March 12, 2017

East Bloomington Rates

The typical asking rate per listing is in the $10's per square foot per year. The East Bloomington submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 8% rise in rent.

East Bloomington Listing Supply

In the last 90 days, 104 listings have been posted online, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,740 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this region were built in 1979 and are Class B.

East Bloomington Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Most of the occupants of East Bloomington work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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