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    6316-6414 56 Ave N Crystal, MN

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    For Sale
    $2,995,000

    Retail property in dense area with strong cash flow.

    Property size:
    27,014 SF
    Lot size:
    0.34 Acres

    Property Features for 6316-6414 56 Ave N

    General Information

    Size
    27,014 SF
    Lot size
    0.34 Acres

    Source: CBRE - Minnesota Agent Sean Doyle

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

    Overview

    Retail Center Near Future Rail

    This retail property is located in Crystal, a first-ring suburb situated 6 miles northwest of Downtown Minneapolis, within a dense retail corridor. The property features a diverse tenant mix with rents below market rates and is priced below replacement cost. The surrounding area is densely populated, with over 110,000 residents within a three-mile radius. The retail corridor includes national tenants such as Target, Aldi, Starbucks, and McDonalds. The property benefits from strong going-in cash flow and capitalization rate, with potential for rent growth and conversion to net leases. Situated adjacent to a planned future light rail station, the property anticipates increased traffic. It is located near two major interstates and two large highways, experiencing over 100,000 vehicles per day. The property size is 27,014 square feet.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Similar Places Nearby

    Coinstar Kiosk - Bitcoin ATM, Anthony Center, Coinstar Kiosk | Bitcoin ATM, Minnesota DVS Now Kiosk, Coin Cloud Bitcoin ATM

    Map

    City
    Crystal
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.3364004
    Latitude
    45.0167268

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    FAQs

    What type of property is this?
    Shopping center - Retail property in dense area with strong cash flow.
    Where is this shopping center located?
    The property is located at 6316-6414 56 Ave N Crystal, MN.
    What is the asking price?
    The asking price for this property is $2,995,000.
    What are key features of this property?
    This property features: - Strong going-in cash flow and Cap Rate with significant upside through rent growth and converting to net leases.; - Priced well below replacement cost.; - Located adjacent to a planned future light rail station.
    (612) 720-3259
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    6316-6414 56 Ave N Crystal, MN
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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
    6316-6414 56 Ave N Crystal, MN
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