Three-Tenant Retail
10730 Highway 55, Plymouth, MN 55441
For Sale
$1,595,000
The commercial property has a multi-tenant configuration and on-site parking.
Property Size7,580 SF
Lot Size0.64 Acres
Price / SF$210.42
Days on Market16
Property Features for 10730 Highway 55
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Traffic Count
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Tenancy
Listing Agency:
Keller Williams Premier Realty Lake Minnetonka
Listed By:
Royce Durhman
(651) 492-2201
Source:
Getyoumoved
Added: Oct 22
Changed: Nov 6
Last Checked: Nov 6 at 1:53PM
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 Keller Williams Premier Realty Lake Minnetonka
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail center contains 7,580 square feet and is arranged for three tenants. Built in 1970, the property includes 25 parking stalls and sits on a 0.64-acre lot.
The site is on Highway 55 in Plymouth, with a reported traffic count of 35,500 vehicles per day. Its zoning is C-3 Highway Commercial.
The site is on Highway 55 in Plymouth, with a reported traffic count of 35,500 vehicles per day. Its zoning is C-3 Highway Commercial.
Key Highlights
- 7,580‑square‑foot retail center configured for 3 tenants
- 0.64‑acre parcel on Highway 55 in Plymouth
- 25 parking stalls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,904
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,678,080
$1.7M
Cap Rate 7%
$1,198,629
$1.2M
Cap Rate 9%
$932,267
$932.3K
Market Conditions
NOI Build-Up for 7,580 SF
Gross rent
$129.2K $17.04/SF
− Vacancy
−$9.3K −$1.23/SF
EGI
$119.9K $15.81/SF
− OpEx
−$36.0K −$4.74/SF
NOI
$83.9K $11.07/SF
Area
Hennepin County, MN
Vacancy
7.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,678,080
Cap Rate 7%
$1,198,629
Cap Rate 9%
$932,267
Alternative Uses
Best Use
Retail
$1.20M
$1.05M – $1.40M
NOI $83,904 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,590 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
35,500 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Explore this area
Business Placement
Demographics for 55441, MN
18,415
Population
8,340
Households
2.2
Avg Household Size
39
Median Age
56%
College-Educated
97%
High-School Grad
8.6 sq mi
ZIP Area
2,141
Density / Sq Mi
$100,288
Median Household Income
$56,522
Median Earnings
$1,589
Median Rent
$463,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Strip mall - The commercial property has a multi-tenant configuration and on-site parking.
Where is this strip mall located?
The property is located at 10730 Highway 55 Plymouth, MN.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 7,580‑square‑foot retail center configured for 3 tenants; 0.64‑acre parcel on Highway 55 in Plymouth; 25 parking stalls
