Lake Elmo Retail
11144 Stillwater Blvd N Lake Elmo, MN
For Sale
Contact for pricing
Retail property for sale in Lake Elmo, Minnesota.
Property Size22,932 SF
Lot Size6.47 Acres
Price / SF$218.04
Days on Market372
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) 485-8716
Listed By:
Brian Zeller
(612) 325-3038
Source:
Moodyscre
Added: Jul 24, 2025
Changed: Jul 6
Last Checked: Jul 21 at 3:10AM
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
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 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 | $412.8k | $18.00 |
| − Vacancy | −$28.9k | −$1.26 |
| EGI | $383.9k | $16.74 |
| − OpEx | −$115.2k | −$5.02 |
| NOI | $268.7k | $11.72 |
22,932 SF · lease $18.00/SF/yr · vacancy 7.00% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
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**.
