Owner/User Retail | Bloomington, MN 7801 S Xerxes Ave 34,255 SF Retail Building Bloomington, MN 55431 $6,242,490 CAD ($182.24 CAD/SF)
EXECUTIVE SUMMARY
Freeway Access & Visibility -
Direct visibility from I-494 with over 169,000 VPD. Located along Southtown Drive with quick access to the Interstate. Strategically located at the intersection of I-494 and Xerxes Avenue and near to I-35W.
Great Twin Cities Suburb -
Conveniently located to both downtown Minneapolis and St. Paul and about 7 miles west of the Minneapolis-St. Paul International Airport. Bloomington is Minnesota's fourth largest city and is known for being home to the largest mall in the US, the Mall of America, which welcomes 40 million visitors per year.
Strategic Retail Location -
This property has a great corner location in a highly populated area with big traffic counts and is near major retailers including Target, Hobby Lobby, Petco, T.J. Maxx, Kohl's, and many others. The building features over 36,000 SF, a large parking lot, great signage, and visibility.
Strong Demographics -
The area is densely populated with over 980,000+ people within a 10-mile radius of the subject property, with an average household income of over $115,000.
Great Redevelopment Site -
Large 3-acre lot with prime real estate that could be redeveloped for various tenants. According to CoStar, there is not much under construction, helping fuel the historically low available inventory. The vacancy rate for the market is 2.5%, but it is even lower for General Free Standing Retail buildings. This property is also being offered for lease.
Direct visibility from I-494 with over 169,000 VPD. Located along Southtown Drive with quick access to the Interstate. Strategically located at the intersection of I-494 and Xerxes Avenue and near to I-35W.
Great Twin Cities Suburb -
Conveniently located to both downtown Minneapolis and St. Paul and about 7 miles west of the Minneapolis-St. Paul International Airport. Bloomington is Minnesota's fourth largest city and is known for being home to the largest mall in the US, the Mall of America, which welcomes 40 million visitors per year.
Strategic Retail Location -
This property has a great corner location in a highly populated area with big traffic counts and is near major retailers including Target, Hobby Lobby, Petco, T.J. Maxx, Kohl's, and many others. The building features over 36,000 SF, a large parking lot, great signage, and visibility.
Strong Demographics -
The area is densely populated with over 980,000+ people within a 10-mile radius of the subject property, with an average household income of over $115,000.
Great Redevelopment Site -
Large 3-acre lot with prime real estate that could be redeveloped for various tenants. According to CoStar, there is not much under construction, helping fuel the historically low available inventory. The vacancy rate for the market is 2.5%, but it is even lower for General Free Standing Retail buildings. This property is also being offered for lease.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
34,255 SF
Building Class
B
Year Built
1992
Price
$6,242,490 CAD
Price Per SF
$182.24 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.26
Lot Size
3.00 AC
Parking
80 Spaces (2.22 Spaces per 1,000 SF Leased)
Frontage
263’ on S Xerxes Ave
AMENITIES
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05-027-24-12-0001 | Improvements Assessment | $1,960,153 CAD (2023) |
| Land Assessment | $4,509,947 CAD (2023) | Total Assessment | $6,470,100 CAD (2023) |
