Lake Elmo Retail
For Sale
Contact for pricing
11144 Stillwater Blvd N, Lake Elmo, MN
Retail property for sale in Lake Elmo, Minnesota.
Property Size22,932 SF
Lot Size6.47 Acres
Price / SF$218.04
Days on Market464
Property Features for 11144 Stillwater Blvd N
General Information
Standard status
Active
Size
22,932 SF
Lot size
6.47 Acres
Property subtype
RETAIL
Listing Agency:
Telus Property Services & Solutions
(651) 556-2205
Listed By:
Steve Ogren
(651) 485-8716
Source:
Moodyscre
Added: Jul 24, 2025
Changed: Oct 28
Last Checked: Oct 28 at 10:23AM
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 Telus Property Services & Solutions
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.
The property, located in Lake Elmo, Minnesota, features a level topography and a total area of 22,932 square feet. The site area is suitable for a larger commercial user or can be subdivided to accommodate smaller users. The property includes a 6,466-square-foot showroom office, a 15,864-square-foot service parts area, and a 597-square-foot parts/mezzanine area. It is suitable for retail and showroom purposes.
Key Highlights
- Ideal site area suitable for a large commercial user.
- Divisible site to accommodate smaller users.
- Showroom office space offering 6,466 SF.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$268,717
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,374,340
$5.4M
Cap Rate 7%
$3,838,814
$3.8M
Cap Rate 9%
$2,985,744
$3.0M
Market Conditions
NOI Build-Up for 22,932 SF
Gross rent
$412.8K $18.00/SF
− Vacancy
−$28.9K −$1.26/SF
EGI
$383.9K $16.74/SF
− OpEx
−$115.2K −$5.02/SF
NOI
$268.7K $11.72/SF
Area
Washington County, MN
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,374,340
Cap Rate 7%
$3,838,814
Cap Rate 9%
$2,985,744
Alternative Uses
Best Use
Retail
$3.84M
$3.36M – $4.48M
NOI $268,717 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.37M
$5.57M – $7.43M
NOI $445,886 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Showroom - Retail property for sale in Lake Elmo, Minnesota.
Where is this showroom located?
The property is located at 11144 Stillwater Blvd N Lake Elmo, MN.
What is the asking price?
The asking price for this property is $4,999,995.
What are key features of this property?
This property features: Ideal site area suitable for a large commercial user.; Divisible site to accommodate smaller users.; Showroom office space offering **6,466 SF**.
