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    157th W & Pilot Knob Rd Apple Valley, MN

    For Lease
    Contact for pricing

    Retail development with anchor tenant space and freestanding opportunities.

    Property size:
    8,000 SF
    Lot size:
    77.92 Acres

    Property Features for 157th W & Pilot Knob Rd

    General Information

    Size
    8,000 SF
    Lot size
    77.92 Acres

    Source: HJ Development, Inc. Agent Chris Moe

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

    Overview

    46-Acre Retail Development Opportunity

    Orchard Place is a 46-acre retail development located on Pilot Knob Road between 157th and 155th Streets, directly across from the Cobblestone Lake development. Anchored by Lund’s & Byerly’s, the project will include additional anchor tenant space, in-line, end-cap and freestanding opportunities. Significant residential and commercial development continues in the trade area. Existing area anchor tenants include high-volume Target and Hy-Vee stores. Numerous other retailers and restaurants are located in the area. Residential development currently underway consists of single-family homes, townhouses, senior/assisted living and market rate apartments. Currently, 16 buildable acres are available for lease or build-to-suit, divisible to 1-acre parcels. Available space ranges from 1,500 to 60,000 square feet. Area tenants include Super Target, Mister Car Wash, AT&T, Hy-Vee, PetSmart, Starbucks, Pizza Ranch, Freddy’s, Taco Bell & Orangetheory Fitness. Phase 1 construction is to be completed in Q1 of 2022. Phase 2 is now leasing.
    Location Intelligence

    Current Use by Public Records

    Commercial land

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    Map

    City
    Apple Valley
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.21772
    Latitude
    44.7319094

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    FAQs

    What type of property is this?
    Shopping center - Retail development with anchor tenant space and freestanding opportunities.
    Where is this shopping center located?
    The property is located at 157th W & Pilot Knob Rd Apple Valley, MN.
    What are key features of this property?
    This property features: - Anchored by Lund’s & Byerly’s, attracting high-end clientele.; - 16 buildable acres available for lease or build-to-suit, divisible to 1-acre parcels, offering flexibility.; - Located across from the Cobblestone Lake development, benefiting from established traffic.
    (952) 476-9400
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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
    157th W & Pilot Knob Rd Apple Valley, MN
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