Lot 1 Block 3 Stony Rd

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Lot 1 Block 3 Stony Rd

Detroit Lakes, MN 56501
Asking Price
$82K
Asset Type
Industrial
Class
Class B

What's Special

Lot 1 Block 3 Stony Road is situated within an established industrial corridor on the eastern edge of Detroit Lakes, Minnesota. The property offers proximity to Highway 10 and Highway 34, facilitating efficient regional logistics and heavy equipment transportation. The surrounding neighborhood is characterized by a mix of light manufacturing, warehouse facilities, and professional service centers. Local amenities include nearby retail centers, dining options, and supply stores located along the primary commercial arteries, supporting daily operations and workforce needs. This industrial-zoned lot is well-suited for a variety of use cases, including fleet storage, warehouse distribution, or light manufacturing operations. The location and zoning accommodate businesses requiring significant yard space or the construction of customized garage-style facilities. Typical tenant profiles include regional logistics providers, trade contractors, and equipment rental companies seeking a centralized base within The Lakes Area. The site provides a functional foundation for owner-occupants or developers looking to capitalize on Detroit Lakes' expanding industrial sector.

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NOI
$80,000
Cap Rate
97.61%
DSCR
16.44
Strong
Cash-on-Cash
305.57%
Monthly Payment
$405.493
Annual Cash Flow
$75,134.08

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