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21205 Eaton Ave 21,600 SF 100% Leased Flex Building Farmington, MN 55024 $4,063,625 CAD ($188.13 CAD/SF)



Investment Highlights
- Four dock doors and one drive-in door provide versatile loading options.
- 18-foot clear height maximizes warehouse storage efficiency.
- Convenient access to I-35, Hwy 3, and Hwy 50 within minutes.
- ESFR sprinkler system and TPO roof support long-term operational reliability.
- Multiple radiant unit heaters and LED motion-activated lighting throughout.
- 800-amp, 3-phase power plus divisible layout with three separately metered services.
Executive Summary
Positioned within Farmington’s established Industrial Park, this well-maintained office/warehouse property offers an exceptional opportunity for companies seeking a functional and expandable facility. The single-story building with mezzanine encompasses approximately 21,600 SF on 1.99 acres, providing flexibility for various industrial, storage, and office uses. Built in 2004 and thoughtfully designed, the property includes efficient loading with four dock doors and one drive-in door, paired with 18-foot clear height for optimal storage capacity.
The building is sprinklered (ESFR-rated), features TPO roofing updated in 2005, radiant heaters, and three unit heaters to maintain warehouse comfort. Divisible into three suites with separately metered 200-amp services, the layout easily accommodates multiple configurations. Modern features include motion-activated LED lighting and an 8-inch water line. Power capacity is robust with 800a 120/208v 3-phase main service, ideal for manufacturing or distribution users.
Situated near Hwy 50 and Hwy 3, and just 7 miles from I-35, the property offers premier connectivity to the Twin Cities metro while serving Dakota County’s strong business ecosystem. Available October 1, 2026, with an asking price of $2,950,000, this asset represents an outstanding ownership opportunity in a thriving industrial corridor.
The building is sprinklered (ESFR-rated), features TPO roofing updated in 2005, radiant heaters, and three unit heaters to maintain warehouse comfort. Divisible into three suites with separately metered 200-amp services, the layout easily accommodates multiple configurations. Modern features include motion-activated LED lighting and an 8-inch water line. Power capacity is robust with 800a 120/208v 3-phase main service, ideal for manufacturing or distribution users.
Situated near Hwy 50 and Hwy 3, and just 7 miles from I-35, the property offers premier connectivity to the Twin Cities metro while serving Dakota County’s strong business ecosystem. Available October 1, 2026, with an asking price of $2,950,000, this asset represents an outstanding ownership opportunity in a thriving industrial corridor.
Property Facts
| Price | $4,063,625 CAD | Rentable Building Area | 21,600 SF |
| Price Per SF | $188.13 CAD | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 2004 |
| Property Type | Flex | Parking Ratio | 1.41/1,000 SF |
| Property Subtype | Light Manufacturing | Clear Ceiling Height | 19’ |
| Building Class | B | No. Dock-High Doors/Loading | 4 |
| Lot Size | 1.99 AC | No. Drive In / Grade-Level Doors | 1 |
| Zoning | IP | ||
| Price | $4,063,625 CAD |
| Price Per SF | $188.13 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | B |
| Lot Size | 1.99 AC |
| Rentable Building Area | 21,600 SF |
| No. Stories | 1 |
| Year Built | 2004 |
| Parking Ratio | 1.41/1,000 SF |
| Clear Ceiling Height | 19’ |
| No. Dock-High Doors/Loading | 4 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | IP |
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Hobo
- Public Administration
- -
- -
- -
- MCI Paint
- Manufacturing
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Hobo | Public Administration | - | - | - | ||
| MCI Paint | Manufacturing | - | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 14-25850-03-042 | Improvements Assessment | $1,301,089 CAD |
| Land Assessment | $470,458 CAD | Total Assessment | $1,771,547 CAD |
Property Taxes
Parcel Number
14-25850-03-042
Land Assessment
$470,458 CAD
Improvements Assessment
$1,301,089 CAD
Total Assessment
$1,771,547 CAD
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21205 Eaton Ave
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