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    5001-5019 University Ave NE Columbia Heights, MN 55421

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    For Sale
    $1,200,000

    Retail property with high traffic, flexible space, and drive-in doors.

    Property size:
    10,319 SF
    Lot size:
    0.69 Acres

    Property Features for 5001-5019 University Ave NE

    General Information

    Size
    10,319 SF
    Lot size
    0.69 Acres

    Source: Caspian Group Agent Drew Bonjean

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Columbia Heights Retail Opportunity

    This retail property is located directly off MN Hwy 47 in Columbia Heights. The strip mall benefits from frontage on a heavily trafficked corridor with over 22,000 vehicles per day. The property features versatile open space and multiple drive-in doors, suitable for retail, flex, service, or office uses. There are three drive-in doors available and a 10 ft clear height. The property offers easy access to MN Hwy 47 and I-694. The property contains 10,319 square feet.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia Heights
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2624715
    Latitude
    45.0593248

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    FAQs

    What type of property is this?
    Strip mall - Retail property with high traffic, flexible space, and drive-in doors.
    Where is this strip mall located?
    The property is located at 5001-5019 University Ave NE Columbia Heights, MN.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - High Traffic Location: Over 22,000 vehicles per day on MN Hwy 47 ensures maximum exposure.; - Versatile Space: Flexible spaces suitable for retail, flex, service, or office uses.; - Features 3 drive-in doors with 10 ft clear height.
    (952) 412-0565
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    5001-5019 University Ave NE Columbia Heights, MN 55421
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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
    5001-5019 University Ave NE Columbia Heights, MN 55421
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