Building Details

Tenancy Multi

Listing Agency: LOAM Commercial Real Estate J**@loamcommercial.com Show Phone

Listed By: Jay Christenson · License #MN 8272275

Source: Crexi

Added: Apr 24 Changed: Aug 8 Last Checked: Jul 21 at 2:35AM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LOAM Commercial Real Estate

Investment Insights

Based on property information with market context.

This newer-build retail strip center offers a mix of professional tenant suites, including a bank, eye care clinic, pharmacy, hair salon, martial arts studio, Chinese restaurant, real estate brokerage, and wellness institute. A couple of spaces remain available for lease.

The property is located at 100 Old Town Road in Elko New Market, MN 55054. It is configured as a strip center with multiple retail/office-style units suitable for a range of service and retail uses consistent with the existing tenant mix.

For sale, the center provides an opportunity to acquire a stabilized, multi-tenant retail asset with current leasing availability.

Key Highlights

• Newer retail strip center in Elko NewMarket with multiple professional tenant suites
• Tenant mix includes a bank, eye care clinic, pharmacy, and hair salon
• Additional tenants include a martial arts studio, Chinese restaurant, real estate brokerage, and wellness institute

Property Analytics

Current Use

Strip malls

Suggested Use

Top Pick Dental Office Building Supply Big Box & Wholesale Store Restaurant Auto Repair Shop Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

98

Businesses Nearby

2k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 100%

Domino's Pizza Dining

2,040 visits/mo 0.4 miles

Demographics for 55054, MN

2,489

Population

939

Households

2.7

Avg Household Size

34

Median Age

41%

College-Educated

96%

High-School Grad

1.0 sq mi

ZIP Area

2,489

Density / Sq Mi

$151,845

Median Household Income

$64,937

Median Earnings

$2,311

Median Rent

$399,300

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this strip malls located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

High-Visibility Retail Storefront

350 Main Street, Elko New Market, MN 55054

$199,000

2,400 SF

View details

B-2 Zoned Flex Space

26545 Drew Avenue, Elko New Market, MN 55020

$250,000

1,974 SF

View details

Frequently Asked Questions

What type of property is this?

Strip mall - Newer retail strip center with multiple professional tenant suites and a couple spaces still available for lease.

Where is this strip mall located?

The property is located at 100 old town road Elko New Market, MN.

What are key features of this property?

This property features: Newer retail strip center in Elko NewMarket with multiple professional tenant suites; Tenant mix includes a bank, eye care clinic, pharmacy, and hair salon; Additional tenants include a martial arts studio, Chinese restaurant, real estate brokerage, and wellness institute