Former Tire Shop For
5500 W Broadway Ave Crystal, MN
5500 W Broadway Ave, Crystal, MN, 00000
Contact for pricing
For Sale
Contact for pricing
6,650 SF building in Crystal, MN, prime corner location.
Property Size6,650 SF
Lot Size0.68 Acres
Price / SF$161.65
Days on Market1013
Property Features for 5500 W Broadway Ave
General Information
- Standard status
- Active
- Size
- 6,650 SF
- Lot size
- 0.68 Acres
- Property subtype
- RETAIL
Listing Agency
Results Commercial
(651) 755-2068
Listed by
Mark Hulsey · License #40169559
(651) 755-2068
Source
Moodyscre
Added: Oct 12, 2023 Updated: Jul 6 at 9:22 am Checked: Jul 20 at 4:23 am
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 Results Commercial
Investment Insights
Based on property information with market context.
This 6,650 SF building, formerly a Goodyear Tire shop, is available for sale in Crystal, MN. Situated on a high-traffic corner at West Broadway Avenue and 55th Avenue North, the property offers high visibility and convenient access to highways. The building is surrounded by established retailers. The property is currently zoned TC - Town Center Core District. The building features a large retail storefront, two offices, a workshop with six bays and overhead doors, and an additional bay with an overhead door at the rear, along with storage space. There are three bathrooms, two located in the retail/office area and one in the workshop. The property includes 16 parking spaces in the front, with additional parking available at the rear. Note that automotive use is not permitted. Redevelopment is possible, with city approval for 86 apartment units already in place. The building is located in a designated Opportunity Zone, intended to encourage community and neighborhood investment. This vacant building is ready for a new phase.
Key Highlights
- Redevelopment opportunity with 86 apartment units already approved by the city.
- Excellent high‑traffic, high‑visibility corner location on West Broadway Avenue and 55th Avenue North.
- Large 6,650 SF building suitable for owner‑user or redevelopment.
Local 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 | $113.3k | $17.04 |
| − Vacancy | −$8.2k | −$1.23 |
| EGI | $105.2k | $15.81 |
| − OpEx | −$31.5k | −$4.74 |
| NOI | $73.6k | $11.07 |
6,650 SF · lease $17.04/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.05M
$920.1K – $1.23M
NOI $73,610 @ 7.0% cap · market cap 6.85%
Second Best
Industrial
$1.03M
$903.1K – $1.20M
NOI $72,244 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,059 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- American Classic Conversions — 4911 34th Ave N, Golden Valley, MN 55422
FAQs
What type of property is this?
Auto shop - 6,650 SF building in Crystal, MN, prime corner location.
Where is this auto shop located?
The property is located at 5500 W Broadway Ave Crystal, MN.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Redevelopment opportunity with **86 apartment units already approved by the city.**; Excellent **high‑traffic, high‑visibility corner location** on West Broadway Avenue and 55th Avenue North.; Large **6,650 SF building** suitable for owner‑user or redevelopment.
