1414 S 12th Ave - Retail FOR SALE


Virginia, MN 55792
$3,996,000 USD
952-563-6605
1414 S 12th Ave, Virginia, MN for Sale
$3,996,000 USD
Retail - FOR SALE
1/9
null | 8.54% Cap Rate

1414 S 12th Ave
Virginia, MN 55792


HIGHLIGHTS

  • Low Average Rent PSF/Building Price PSF - The average rent per square foot for the Property is less than $6 per square foot net
  • Zero Interior Mall Expenses - The property benefits from being connected to the mall but does not contribute to the interior mall expenses.
  • Well Located within the Trade Area - Located directly on Highway 53, the primary north south thoroughfare that connects Duluth to the Iron Range
  • Mall Redevelopment - The interior portion of the Uptown Virginia Mall is going through a renovation that includes a new Marshall’s opening 2026.
  • Captive Trade Area -The population of Virginia is 8,500 but the trade area is expansive and includes over 70,000 people spanning over a 20-mile radius

OVERVIEW

**UPTOWN VIRGINIA MALL (THREE TENANT GROCERY ANCHORED CENTER) - 1401-1414 S 12th Ave W, Virginia, MN 55792** Exciting investment opportunity! Presenting the Uptown Virginia Mall, a thriving retail property in Virginia, MN. Boasting a prime location with high visibility on Highway 53, this 57,248 SF grocery anchored mall features Aldi, Tractor Supply, and Harbor Freight. The year 1 NOI is $341,242 with a solid 100% occupancy rate and fantastic potential for future rent growth, priced at an attractive $70 PSF. Set in a high-traffic area connecting Duluth to the Iron Range, this property benefits from a captive trade area of over 70,000 people within a 20-mile radius. Additionally, the mall is strategically positioned near major retailers like Target, Menards, and Walmart. With a renovation plan underway and a new Marshall’s store scheduled to open in 2026, the Uptown Virginia Mall is a fantastic investment opportunity not to be missed.

FOR SALE DETAILS

PRICE

$3,996,000 USD

PRICE/SF

$70 USD /SF

CAP RATE

8.54%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

10.15 AC

LAND SF

442,134 SF

ZONING

SC

APN/PARCEL ID

090013600011

ASK ABOUT THIS PROPERTY

Amy SennMid-America Real Estate Corp.More Info
952-563-6605

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Amy SennMid-America Real Estate Corp.More Info
952-563-6605

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.