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30 Nathan Ln 30,000 SF 100% Leased Retail Building Plymouth, MN 55441 $5,850,000 ($195/SF) 7% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Located at the intersection of Hwy 394 and Hwy 169 with exceptional visibility and access
  • Long-term tenants with 20+ year occupancy histories
  • Fiber Optic internet on the property as well as a fire alarm system and sprinkler system
  • Walking distance to General Mills HQ and Interchange business complex
  • Building was upgraded with new roof in 2007 and 2016
  • Property has 277 parking stalls and parking lot was paved in 2016

EXECUTIVE SUMMARY

This is a rare opportunity to acquire a stabilized, long-held retail and office asset in one of the most strategic locations in the Twin Cities metro. Situated at the high-visibility northwest corner of Hwy 394 and Hwy 169, 36 Nathan Lane N offers unmatched access to two of the region’s most critical transportation arteries. The property sits just five minutes from downtown Minneapolis and 20 minutes from Minneapolis–Saint Paul International Airport, making it a highly desirable destination for tenants and investors alike.

The 4.85-acre site features a well-maintained multi-tenant building with a strong history of occupancy. Several tenants have been in place for over 20 years, underscoring the property’s enduring appeal and operational stability. The site includes 277 surface parking stalls and offers future upside through potential expansion or full redevelopment. Its proximity to major employment hubs like General Mills and the Interchange business complex—both within walking distance—adds to its long-term value.

Directly across the parking lot is the 12-screen Emagine Theater, further enhancing foot traffic and visibility. The surrounding area is a vibrant mix of retail, office, and residential, with thousands of employees and residents in the immediate vicinity. This is a prime candidate for a 1031 exchange, long-term hold, or redevelopment play in a high-demand submarket.

PROPERTY FACTS Under Contract

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
30,000 SF
Building Class
B
Year Built/Renovated
1984/2016
Price
$5,850,000
Price Per SF
$195
Cap Rate
7%
NOI
$409,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
4.85 AC
Zoning
C4 - Commercial C-4
Parking
277 Spaces (9.23 Spaces per 1,000 SF Leased)

AMENITIES

  • Corner Lot
  • Property Manager on Site
  • Pylon Sign
  • Security System
  • Signage
  • Storage Space
  • Air Conditioning
  • Fiber Optic Internet
  • Smoke Detector

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 8
  • 2,000 SF
  • Office/Retail
  • -
  • 90 Days

Great corner unit with visibility and exposure to Nathan Lane N & Shelard Parkway. Available within 90 to 120 days for retail/office use. Please call for more details.

Space Size Space Use Position Available
8 2,000 SF Office/Retail - 90 Days

8

Size
2,000 SF
Space Use
Office/Retail
Position
-
Available
90 Days

8

Size 2,000 SF
Space Use Office/Retail
Position -
Available 90 Days

Great corner unit with visibility and exposure to Nathan Lane N & Shelard Parkway. Available within 90 to 120 days for retail/office use. Please call for more details.

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
7,420
71,337
223,368
481,422
2029 Population
7,347
70,429
219,574
483,076
2024-2029 Projected Population Growth
-1.0%
-1.3%
-1.7%
0.3%
Median Age
37.5
40.2
40.0
38.7
College Degree + Higher
52%
53%
53%
34%
Daytime Employees
14,731
80,540
199,079
437,200
Total Businesses
1,043
6,120
16,779
37,448
Average Household Income
$116,165
$114,420
$117,530
$120,545
Median Household Income
$92,998
$91,597
$90,531
$91,435
Total Consumer Spending
$118.8M
$1.1B
$3.4B
$6.9B
2024 Households
3,673
32,174
99,292
217,705
Average Home Value
$417,047
$405,165
$421,690
$483,316

NEARBY MAJOR RETAILERS

Starbucks
Caribou Coffee
Life Time Tennis
Trader Joe's
Olive Garden
Cub Foods
Toyota
Famous Dave's
CrossFit

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
36-118-22-43-0020
Land Assessment
$2,746,000
Improvements Assessment
$1,414,000
Total Assessment
$4,160,000
  • Listing ID: 37028175

  • Date on Market: 7/30/2025

  • Last Updated:

  • Address: 30 Nathan Ln, Plymouth, MN 55441

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