Retail Building with Drive-In
1040 Dakota Dr Mendota Heights, MN 55120
1040 Dakota Dr, Mendota Heights, MN, 55120
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For Sale
Contact for pricing
Versatile retail building includes a drive-in door, large basement, and parking for 30+ vehicles.
Property Size7,833 SF
Price / SF$140.43
Days on Market97
Property Features for 1040 Dakota Dr
General Information
- Standard status
- Active
- Size
- 7,833 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1977
Listing agency
North Star Commercial
(612) 819-8285
Listed by
Scott Naasz · License #MN 40709913
Source
Crexi
Added: Apr 16 Updated: Jul 20 at 5:24PM Checked: Jul 21 at 7:06AM
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 North Star Commercial
Investment Insights
Based on property information with market context.
This for-sale retail building offers a versatile retail space in Mendota Heights. A drive-in door supports convenient loading, storage, and day-to-day operations. The building also includes a 60' x 34' basement, which can serve storage needs or accommodate additional space planning.
The property is positioned directly off Highway 62 (formerly Highway 110) with visibility supported by MnDOT’s estimate of approximately 28,430 vehicles passing by daily. An Interstate 35E exit is located immediately adjacent to the site, and signage is described as clearly visible from the property, providing straightforward access minutes from both Minneapolis and Saint Paul.
A large parking lot provides space for 30+ vehicles, supporting customer parking and deliveries.
The property is positioned directly off Highway 62 (formerly Highway 110) with visibility supported by MnDOT’s estimate of approximately 28,430 vehicles passing by daily. An Interstate 35E exit is located immediately adjacent to the site, and signage is described as clearly visible from the property, providing straightforward access minutes from both Minneapolis and Saint Paul.
A large parking lot provides space for 30+ vehicles, supporting customer parking and deliveries.
Key Highlights
- 7,833 SF retail building built in 1977 in Mendota Heights
- Drive‑in door for loading, storage, and day‑to‑day operations
- Includes a 60' x 34' basement for storage or expansion
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $141.0k | $18.00 |
| − Vacancy | −$23.0k | −$2.93 |
| EGI | $118.0k | $15.07 |
| − OpEx | −$35.4k | −$4.52 |
| NOI | $82.6k | $10.55 |
7,833 SF · lease $18.00/SF/yr · vacancy 16.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.18M
$1.03M – $1.38M
NOI $82,608 @ 7.0% cap · market cap 7.51%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.93M
$1.69M – $2.25M
NOI $134,931 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Versatile retail building includes a drive-in door, large basement, and parking for 30+ vehicles.
Where is this retail space located?
The property is located at 1040 Dakota Dr Mendota Heights, MN.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 7,833 SF retail building built in 1977 in Mendota Heights; Drive‑in door for loading, storage, and day‑to‑day operations; Includes a 60' x 34' basement for storage or expansion
