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    1011 1St St Hopkins, MN 55343

    For Sale
    $3,950,000

    Downtown Hopkins Office, 47,844 SF, 1.04 Acres

    Property size:
    47,844 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 47,844 square foot office building presents a unique owner-occupancy opportunity in the desirable west end of downtown Hopkins, Minnesota. Strategically located just one block south of Main Street, between 10th and 11th Avenues, this property boasts unparalleled access and visibility. The 1.04-acre lot provides ample parking, a significant advantage in a bustling downtown area. The building's size and location make it ideal for a variety of businesses seeking a prominent presence in a thriving community. This is a rare chance to acquire a substantial commercial property in a highly sought-after area of Hopkins. The building's prime location offers easy access to major transportation routes, ensuring convenient commutes for employees and clients alike. The substantial square footage allows for flexible configuration to suit diverse business needs. This is an exceptional opportunity for a business seeking to establish or expand its operations in a vibrant and accessible location. The combination of size, location, and parking makes this property a truly compelling investment. Don't miss this chance to own a significant piece of Hopkins' commercial landscape. Serious inquiries only.

    Property Features for 1011 1St St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    47,844 SF
    Lot Size
    45,302 SF

    Building Details

    Year Built
    1955
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hennepin County Office ... County Government Office Wells Fargo Bank Bank Southwest LRT Railroad Company Cardinal Roofing Company ... Roofing Contractor Wells Fargo ATM Atm

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hopkins
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.41338
    Latitude
    44.92257

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    FAQs

    What type of property is this?
    Office Property / Space - Downtown Hopkins Office, 47,844 SF, 1.04 Acres
    Where is this office property / space located?
    The property is located at 1011 1St St Hopkins, MN.
    What is the asking price?
    The asking price for this property is $3,950,000.
    (952) 927-1100
    Request Owner's contact information
    1011 1St St Hopkins, MN 55343
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    Hopkins, MN 55343
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    Realmo Value Estimation

    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.

    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.

    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
    1011 1St St Hopkins, MN 55343
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