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7801 XERXES AVE S Bloomington MN 55431-1241

[Locked] • APN 0502724120001

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Details
Property Type Retail
Sub Type Storefront
Building SqFt 34,255
Lot SqFt 130,490
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code CR-1
Year Built 1992
Building Count 1
Opportunity Zone No
Mortgage Amount ******
Mortgage Term ******
Interest Rate ******
Mortgage Recording Date ******

Property History

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Property Type
Property Type
Retail
Property Subtype
Storefront
Marketing Description

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.

Investment Highlights

Prime Location Along Interstate 494 with High Traffic Counts

Excellent Demographics And Growing Population

Property is Available for Sale and for Lease

Surrounded by Several Retailers

Pylon Sign & Ample Parking

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Listing removed on
 BY:
BB
Brian Brisky PRO
•••.•••.4200
•rian@••••••.com
Brokerage logo
Listing removed on
 BY:
LC
Lexi Caloud
•••.•••.4669
•••loud@••••••.com
Brokerage logo

Map

Comparable Properties

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Rental Market Overview

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Bloomington, MN median rent ********
***  ****** **** *** ******** ***
National median ********
Compare median rents across markets
Bloomington, MN (this market)
Studio ******** 1 bed ******** 2 bed ********
Studio ******** 1 bed ******** 2 bed ********
Studio ******** 1 bed ******** 2 bed ********
Data provided byDwellsy IQ
*All information is deemed reliable but not guaranteed.
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