Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1321 7Th St S Hopkins, MN 55343

    Sponsored
    For Sale
    $1,200,000

    Commercial - Hopkins, MN

    Lot size:
    0.30 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 5 at 12:06 pm

    Property Features for 1321 7Th St S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Industrial
    APN
    2511722230028
    Parking features
    Driveway, Garage, Heated, Parking Lot, Paved or Surfaced, RV
    Exterior features
    Block
    Appliances
    Dishwasher, Range, Refrigerator, Washer, Water - Softener
    Lot size
    0.30 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1970
    Flooring type
    Concrete
    Building materials
    Block, Concrete
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    Karen M Sandstrom

    RE/MAX Results (952) 829-2900

    Listing agent Karen M Sandstrom (952) 829-2900

    Listing date Feb 4, 2026

    MLS# 7016111 Listing URL

    Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Hopkins Commercial Building with Freeway Access

    This solid concrete commercial/industrial building is located in an established industrial corridor with freeway access. The property features a loading dock, freight elevator, and split main entry. The interior includes office space, common areas, a full-service kitchen with appliances, laundry facilities, and three bathrooms, two of which have shower facilities. The building has 14+ foot ceilings and a flexible mix of warehouse and office space. A new commercial unit heater and sprinkler system have been installed. The property has forced air heat, separate gas and electric, and shared water. There is ample front parking. The building is served by two overhead doors. The landlord has the potential to extend to the upper level. This property offers an opportunity to scale a business in a prime location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Xpert Towing and Roadside ... Auto Repair Shop

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Taher Vending

    Location Insight

    • Map
    • Local Demand
    City
    Hopkins
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.417883
    Latitude
    44.913731

    Nearby Similar for Sale

    • New
      $449,000
      Pending

      Hopkins Office with Treatment Rooms

      Office space featuring treatment rooms and ample parking.
      1017 Mainstreet, Hopkins, MN 55343
      View Details
    • $755,000
      4,580 SF

      Hopkins Warehouses with Outside Storage

      Two warehouse buildings with fenced outside storage in Hopkins, MN.
      1201-1203 6Th St S, Hopkins, MN 55343
      View Details
    • $110,000
      660 SF

      Updated Hopkins Condo with Patio

      Updated 1 bed, 1 bath condo in Hopkins, MN.
      745 11Th Ave S, Hopkins, MN 55343
      View Details
    • $115,000
      788 SF

      Hopkins Condo with Pool Access

      One-bedroom Hopkins condo featuring pool, fitness room, and parking.
      704 Old Settlers Trl, Hopkins, MN 55343
      View Details
    • Contact for pricing
      12 SF

      High-Profile Retail Center on Highway 7

      Retail center on Highway 7 with national tenant mix.
      525 Blake Rd N | Hopkins, Hopkins, MN 55343
      View Details
    • Contact for pricing
      32,000 SF

      Office Building For Sale

      Office building with high visibility available for purchase.
      509 2Nd Ave S, Hopkins, MN 55343
      View Details
    • $1,350,000
      14,394 SF

      Hopkins Main Street Retail Gem

      High-visibility corner retail space in downtown Hopkins.
      901 Mainstreet, Hopkins, MN 55343
      View Details
    • $3,950,000
      47,844 SF

      Hopkins Office Building - Prime Location

      Downtown Hopkins Office, 47,844 SF, 1.04 Acres
      1011 1St St, Hopkins, MN 55343
      View Details
    • $875,000
      9,900 SF

      Hopkins Warehouse: Prime Location

      Spacious Warehouse, Modern Amenities, Great Value
      1321 7Th St, Hopkins, MN 55343
      View Details

    FAQs

    What type of property is this?
    Flex space - Commercial/Industrial building with loading dock, freight elevator, and parking.
    Where is this flex space located?
    The property is located at 1321 7Th St S Hopkins, MN.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Prime location in established industrial corridor with freeway access.; - Solid concrete commercial/industrial building with 14'+ ceilings.; - Loading dock and freight elevator for efficient operations.
    (952) 829-2900
    Request Owner's contact information
    1321 7Th St S Hopkins, MN 55343
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1321 7Th St S
    Hopkins, MN 55343
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1321 7Th St S Hopkins, MN 55343
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Karen M Sandstrom
    (952) 829-2900
    Learn more
    Google sign-in failed. Please try again or use another login method.