712-786 Mainstreet - Retail FOR SALE


Hopkins, MN 55343
$4,850,000 USD
952-368-0021
712-786 Mainstreet, Hopkins, MN for Sale
$4,850,000 USD
Retail - FOR SALE
1/6
null | 6.86% Cap Rate

712-786 Mainstreet
Hopkins, MN 55343


HIGHLIGHTS

  • New Roof in 2022
  • New concrete throughout, new pavers.
  • 100% occupancy with established tenants.
  • Strong rental history and consistent cash flow
  • Prime retail location with excellent exposure
  • Ideal for 1031 exchange or passive investors

OVERVIEW

Turnkey Investment Opportunity – 100% Occupied Retail Property for Sale. Exceptional opportunity to own a fully leased retail property offering stable income and immediate cash flow. This well-maintained asset is 100% occupied with long-term tenants, making it an ideal investment for 1031 exchange buyers or investors seeking a hands-off, low-maintenance property with a strong return. The Marketplace lofts building represents an existing multi-tenant retail property located on the first floor of the Marketplace Lofts Condominium in downtown Hopkins, Minnesota.There are ten (10) individual suites ranging from 1,067 SF to 3,244 SF. This stable building is 100% occupied with a variety of tenants like; Chipotle, Cold Stone,Pink Ivy Restaurant, The Vine Room, Bogati, The Vine Shop, Sunny Nails, Growing Therapy, Northstart Lacrrose,SOHO Salon. (approximately 42 stalls)

FOR SALE DETAILS

PRICE

$4,850,000 USD

PRICE/SF

$262 USD /SF

CAP RATE

6.86%

% LEASED

100%

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Marketplace Lofts

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

88

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,143 SF

ZONING

B-3

APN/PARCEL ID

24-117-22-43-0164,24-117-22-43-0165,24-117-22-43-0171,24-117-22-43-0172,24-117-22-43-0175,24-117-22-43-0176,24-117-22-43-0178,24-117-22-43-0179,24-117-22-43-0181,24-117-22-43-0182,24-117-22-43-0183,24-117-22-43-0185,24-117-22-43-0197,24-117-22-43-0214,24-117-22-43-0223,24-117-22-43-0226,24-117-22-43-0229,24-117-22-43-0234

ASK ABOUT THIS PROPERTY

Francis TylerBridge RealtyMore Info
952-368-0021

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Francis TylerBridge RealtyMore Info
952-368-0021

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