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    Retail Property in Belle Plaine Title is generated by Realmo AI

    351 Enterprise Dr E, Belle Plaine, MN

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    Retail property with 6,755 square feet of space.

    Type:RETAIL
    Property size:
    6,755 SF
    Lot size:
    1.97 Acres
    Price / SF:
    $148/SF
    Added:
    Jan 23, 2023
    Days on Market:
    1248
    Last Refresh:
    May 20 at 9:25 pm

    Property Features for 351 Enterprise Dr E

    General Information

    Standard status
    Active
    Size
    6,755 SF
    Lot size
    1.97 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Ben Drew
    Ben Drew

    Listing agent Ben Drew

    Listing office Cushman & Wakefield

    Listing date Jan 23, 2023

    Source Moodyscre

    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 Cushman & Wakefield

    HighLights

    • 6,755 square feet of retail space

    Overview

    This retail property, located in Belle Plaine, Minnesota, offers 6,755 square feet of space. The property is suitable for retail and other retail purposes.

    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 $128.1k $18.96
    − Vacancy −$9.2k −$1.37
    EGI $118.9k $17.59
    − OpEx −$35.7k −$5.28
    NOI $83.2k $12.32
    6,755 SF · lease $18.96/SF/yr · vacancy 7.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.19M
    $1.04M – $1.39M (±1% cap)
    NOI $83,197 @ 7.0% cap · market cap 8.32%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.61M
    $1.41M – $1.88M (±1% cap)
    NOI $112,812 @ 7.0% cap · market cap 11.28%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ruby's family restaurant Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Belle Plaine
    County
    Scott
    State
    Minnesota
    Longitude
    -93.7639
    Latitude
    44.6153

    FAQs

    What type of property is this?
    Retail property - Retail property with 6,755 square feet of space.
    Where is this retail property located?
    The property is located at 351 Enterprise Dr E Belle Plaine, MN.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: 6,755 square feet of retail space
    (952) 210-4637 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ben Drew
    Ben Drew
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