6316-6408 56th Ave N | Minneapolis, MN 55428
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- LoopNet Team
6316-6408 56th Ave N
Minneapolis, MN 55428
Crystal Retail Center · Retail Property For Sale
Investment Highlights
- Located in a dense retail corridor in the first ring suburb Crystal. The property is located just 6 miles Northwest of Downtown Minneapolis.
- Diverse tenant mix at rents significantly below market.
- Property is priced well below replacement cost.
- Retail corridor features national tenants such as Target, Aldi, Starbuck’s and McDonalds.
- Strong going-in cash flow and Cap Rate with significant upside through rent growth and converting to net leases.
- The property is located near two major interstates and two large highways, seeing over 100,000 vehicles per day.
Property Facts
Property Type
Retail
Building Size
28,000 SF
Building Class
C
Year Built
1952
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Slab To Slab
10’
Building FAR
0.91
Lot Size
0.71 AC
Zoning
C
Parking
70 Spaces (5.19 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 05-118-21-41-0111 | Improvements Assessment | $306,000 |
| Land Assessment | $75,000 | Total Assessment | $381,000 |
Property Taxes
Parcel Number
05-118-21-41-0111
Land Assessment
$75,000
Improvements Assessment
$306,000
Total Assessment
$381,000
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