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8443 University Ave NE 5,000 SF Retail Building Spring Lake Park, MN 55432 $1,500,000 ($300/SF)
Investment Highlights
- 6 bays with extra space for complimentary co tenant
- Solar system on roof
- Excellent exposure from University Ave NE with over 30,000 VPD
Executive Summary
Now available is this 6 bay auto service Property located in Spring Lake Park, MN just south of the Northtown Mall. University Avenue boasts over 30,000 vehicles per day with excellent visibility. This building is fully equipped to be an auto repair/service facility with additional space for a complimentary tenant or to expand the capacity of a repair shop. There is ample parking with 35 spaces and a resurfaced lot (2023). The roof is equipped with a solar array providing energy savings. The equipment is available for $150,000 providing for a turnkey opportunity. Equipment is being sold by a separate Seller.
Taxes & Operating Expenses (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$32,365
|
$6.47
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$32,365
|
$6.47
|
Taxes & Operating Expenses (Actual - 2025)
| Taxes | |
|---|---|
| Annual | $32,365 |
| Annual Per SF | $6.47 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $32,365 |
| Annual Per SF | $6.47 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
C
Year Built/Renovated
1995/2023
Price
$1,500,000
Price Per SF
$300
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
1.03 AC
Zoning
C-2 - zoned C-2
Parking
38 Spaces (6 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Security System
- Signage
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-30-24-21-0159 | Total Assessment | $811,800 |
| Land Assessment | $326,300 | Annual Taxes | $32,365 ($6.47/SF) |
| Improvements Assessment | $485,500 | Tax Year | 2025 |
Property Taxes
Parcel Number
02-30-24-21-0159
Land Assessment
$326,300
Improvements Assessment
$485,500
Total Assessment
$811,800
Annual Taxes
$32,365 ($6.47/SF)
Tax Year
2025
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8443 University Ave NE
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