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- LoopNet Team
5300-5350 S Robert Trl
Inver Grove Heights, MN 55077
Salem Square Shopping Center · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
ABOUT 5300-5350 S ROBERT TRL , INVER GROVE HEIGHTS, MN 55077
Marcus & Millichap is pleased to exclusively present the opportunity to acquire Salem Square Shopping Center. Salem Square is a 51,610 Square Foot retail center located in Inver Grove Heights, MN. The property is anchored by Pawn America occupying roughly 63% of the center with over five years remaining on the lease. The property also includes a free standing Park Dental Health Clinic that has been at this property since 1990. The opportunity allows an investor to acquire a 100% occupied property that still has an opportunity to add value. Currently 6,306 square feet is occupied by Gateway Christian Church at a rate far below market rent and is on a Month to Month lease. Salem Square is well located on South Robert Trail just off of an exit ramp from Interstate 494 on the border of Inver Grove Heights and West Saint Paul. The location is in the center of a densely populated area of the Twin Cities convenient to both Saint Paul and Minneapolis. There are roughly 150,000 people in a five mile radius.
PROPERTY TAXES
| Parcel Number | 20-03210-32-010 | Improvements Assessment | $951,900 |
| Land Assessment | $1,183,200 | Total Assessment | $2,135,100 |
PROPERTY TAXES
