Lakeville, Minnesota, offers a unique opportunity for investors to capitalize on the city's growing industrial sector. With a strong economy and a diverse range of industries, including agriculture, industrial parks, and aviation, Lakeville is an attractive location for businesses looking to establish or expand their operations. Industrial properties in Lakeville can represent a range of investments, from manufacturing facilities and warehouses to office buildings and research centers. The city's amenities, infrastructure, and location make it an ideal place to invest in industrial properties. For example, the Airlake Industrial Park, developed by Maynard Johnson and Hitchcock Industries, is a significant hub with around 200 companies and 4,500 employees. Additionally, Lakeville's schools, such as Lakeville North and Lakeville South, provide a skilled workforce, and the city's parks and recreational facilities, like Ritter Farm Park and Antlers Park, offer a high quality of life for employees. The city's geography, with the Vermillion River flowing through it, also provides opportunities for businesses that rely on water transportation. Overall, Lakeville's unique combination of economic, educational, and geographical advantages make it an excellent location for industrial property investments.
Currently, there are 4 industrial properties for sale in Lakeville, offering a range of options for investors. The average price per square foot for these properties is $135 USD, and the average size is 24,793 square feet, with the largest property available being 89,775 square feet. In addition to industrial properties, Lakeville also offers a range of other property types, including warehouses, with their own unique characteristics and investment opportunities. For example, warehouses in Lakeville can provide a stable source of income through rental agreements, and the city's location along Interstate 35 makes it an ideal location for logistics and distribution centers. Land is also available for sale in Lakeville, offering investors the opportunity to develop their own industrial projects. Apartment buildings and commercial real estate are also available, providing a range of options for investors looking to diversify their portfolios. Overall, Lakeville's diverse range of property types and its strong economy make it an attractive location for investors looking to capitalize on the city's growth and development.
What is the average price per square foot for industrial properties in Lakeville?
The average price per square foot for industrial properties in Lakeville is $135 USD.
How do location and transportation access affect industrial property values?
Location and transportation access play a significant role in determining industrial property values in Lakeville, Minnesota, with proximity to major highways, airports, and railroads being key factors in driving up property values.
- Industrial properties located near Interstate 35 and Cedar Avenue/MN 77, such as those in the Airlake Industrial Park, tend to have higher values due to their accessibility and connectivity to regional and national markets.
- The presence of Airlake Airport and the Progressive Rail short-line railroad also increases property values, as they provide convenient transportation options for goods and materials.
- Additionally, properties with easy access to major transportation hubs, such as the Minneapolis ARTCC, can command higher prices due to their strategic location and logistical advantages.
