1005 16th Avenue S, Princeton, MN 55371

$2,200,000
Property Type: Commercial Lot Size (sq. ft.): 69,696 Status: Closed
Current Price: $2,200,000 List Date: 3/25/2025 Last Modified: 8/26/2025

Overview

Description

Fantastic Industrial Building for Sale/Lease in Prime Location. Located just minutes from Highway 169, this exceptional industrial building offers the perfect blend of functionality and convenience. Featuring spacious office areas, a well-equipped conference room, and a comfortable employee break room, this property is designed to support your business operations seamlessly. Key features include: Five loading docks and three drive-in loading doors for easy access and efficient logistics Ample power supply to support heavy machinery and operations 20+ ft ceiling height, providing plenty of vertical space for equipment and storage 2500 sqft of Mezzanine space for additional storage or operations Roof in excellent condition and Phase 1 environmental clean This building is ready to accommodate a variety of industrial uses and is ideally suited for businesses looking to expand in a prime location. Don’t miss this incredible opportunity!

Listing Details MLS# 6690730

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Year Built
1998
Yearly/Seasonal
Yearly
Zoning
Industrial
Foundation Size
32500
For Sale or Lease
For Sale
Acres
1.6
Lot Dimensions
200x200x181x166x356
Other Parking Spaces
0
Garage Stalls
0

Property Features

Accessible: No Stairs External Air Conditioning: Central Air Appliances: Energy Star Appliances; Microwave; Range; Refrigerator Assumable Loan: Not Assumable CMU Style: Industrial Construction Materials: Concrete Construction Status: Previously Owned Current Use: Business Service; Industrial; Manufacturing; Office; Storage Facility; Warehouse Exterior: Aluminum Siding; Metal Financing Terms: Other Flooring: Concrete Slab Foundation: Slab Fuel: Natural Gas Heating: Forced Air Internet Options: Fiber Optic Loan Terms: Cash; Contract for Deed; Conventional; Special Funding Location Description: Free Standing Miscellaneous Information: Alarms; Building Sign; Delivery Door; Exterior Lighting; Kitchen Facilities; Loading Dock; Overhead Doors On Site Utilities: Electric Common; Heating Separate; Hot Water Common Parking Characteristics: Parking Lot; Paved Lot Potential Use: Shop Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Flat; Rubber Sewer: City Sewer/Connected Stories: Two Water: City Water/Connected

Contract Information

Off Market Date
2025-08-10
Closed Date
2025-08-25
Sales Close Price
2200000
Contingency
None
ListPrice
2730000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
1005
Street Name
16th
Street Suffix
Avenue
Street Direction Suffix
S
Postal City
Princeton
County
Sherburne
State
MN
Zip Code
55371
Complex/Dev/Subdivision
Princeton Indust Park

Assessments

Tax With Assessments
34292
Assessment Balance
0

Building Information

Building Finished SqFt
6000
Building SqFt
32500
Ceiling Height
Over 20

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No
Alarms
Yes
Building Sign
Yes
Delivery Door
Yes
Exterior Lighting
Yes
Kitchen Facilities
Yes
Loading Dock
Yes
Overhead Doors
Yes

Ownership

Fractional Ownership
No

Public Survey Info

Range#
26
Section#
5
Township#
35

Sale Options

Sale Includes
Building, Other

Unit Details

Total Units
Yes

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

Legal Description
LOT 1, BLK 2.
Listing City
Princeton
Map Page
236
Municipality
Princeton
School District
Princeton
School District Phone
763-389-2422
Zip Plus 4
2200
Property ID Number
90004010210
Tax Year
2024
Tax Amount
34292
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Fantastic Industrial Building for Sale/Lease in Prime Location. Located just minutes from Highway 169, this exceptional industrial building offers the perfect blend of functionality and convenience. Featuring spacious office areas, a well-equipped conference room, and a comfortable employee break room, this property is designed to support your business operations seamlessly. Key features include: Five loading docks and three drive-in loading doors for easy access and efficient logistics Ample power supply to support heavy machinery and operations 20+ ft ceiling height, providing plenty of vertical space for equipment and storage 2500 sqft of Mezzanine space for additional storage or operations Roof in excellent condition and Phase 1 environmental clean This building is ready to accommodate a variety of industrial uses and is ideally suited for businesses looking to expand in a prime location. Don’t miss this incredible opportunity!
Directions
169N West to 303rd Ave, N onto 128th Street NW, West to 12th Street, North on to 16th Ave

Accessible

No Stairs External
Yes

Air Conditioning

Central Air
Yes

Appliances

Energy Star Appliances
Yes
Microwave
Yes
Range
Yes
Refrigerator
Yes

Assumable Loan

Not Assumable
Yes

Construction Materials

Concrete
Yes

Construction Status

Previously Owned
Yes

Exterior

Aluminum Siding
Yes
Metal
Yes

Financing Terms

Other
Yes

Flooring

Concrete Slab
Yes

Foundation

Slab
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Internet Options

Fiber Optic
Yes

Parking Characteristics

Parking Lot
Yes
Paved Lot
Yes

Road Frontage

City Street
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Age Over 8 Years
Yes
Flat
Yes
Rubber
Yes

Sewer

City Sewer/Connected
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

No. of Ranges

One
Yes

No. of Refrigerators

Two
Yes

On Site Utilities

Electric Common
Yes
Heating Separate
Yes
Hot Water Common
Yes

CMU Style

Industrial
Yes

Current Use

Business Service
Yes
Industrial
Yes
Manufacturing
Yes
Office
Yes
Storage Facility
Yes
Warehouse
Yes

Loan Terms

Cash
Yes
Contract for Deed
Yes
Conventional
Yes
Special Funding
Yes

Location Description

Free Standing
Yes

Potential Use

Shop
Yes
Listing Office: RE/MAX Advantage Plus
IDX
Last Updated: August - 26 - 2025
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.