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Retail Property in Virginia, MN
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1422 S 12th Ave W, Virginia, MN 55792

Three-tenant retail property anchored by Aldi, Tractor Supply, and Harbor Freight.

Property Size57,248 SF
Price / SF$81.23
Days on Market1063

Property Features for 1422 S 12th Ave W

General Information

Standard status Active
Size 57,248 SF
Property subtype Retail
Zoning SC - Shopping Center
Occupancy 100%
Lease Type Modified Gross
Investment Type Core
Net Operating Income $340,756

Building Details

Year Built 1971
Year Renovated 2017
Units 3
Tenancy Multi
Listing Agency: Mid America Real Estate Minneapolis
Listed By: Amy Senn · License #MN 20150963
Source: Crexi
Added: Sep 14, 2023 Changed: Aug 8 Last Checked: Aug 8 at 6:38AM

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 Mid America Real Estate Minneapolis

Investment Insights

Based on property information with market context.

This 57,248 square foot retail property is anchored by Aldi, Tractor Supply, and Harbor Freight. The property is located within the Uptown Virginia Mall in Virginia, Minnesota, serving as a shopping destination for Minnesota’s Iron Range.

Key Highlights

  • Anchors Uptown Virginia Mall, a shopping destination for Minnesota’s Iron Range.
  • 57,248 square foot retail property.
  • Three tenants: Aldi, Tractor Supply, and Harbor Freight.

Property Analytics

Current Use

Pebble Spa-Virginia Alternative Medicine Practice

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

366
Businesses Nearby
324k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 33% Shops & Services 20% Home Improvements & Furnishings 16% Superstores 16%
Target Superstores
50,617 visits/mo 0.1 miles
Menards Home Improvements & Furnishings
29,712 visits/mo 0.4 miles
McDonald's Dining
29,084 visits/mo 0.1 miles
Super One Foods Groceries
25,234 visits/mo 0.1 miles
Holiday Station Store Shops & Services
23,316 visits/mo 0.1 miles

Demographics for 55792, MN

9,827
Population
5,628
Households
1.7
Avg Household Size
45
Median Age
20%
College-Educated
93%
High-School Grad
95.7 sq mi
ZIP Area
103
Density / Sq Mi
$50,616
Median Household Income
$40,275
Median Earnings
$795
Median Rent
$128,200
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Coinstar Kiosk | Bitcoin ATM Super One Foods, 1111 17th St S, Virginia, MN 55792
  • Uptown Mall Virginia, MN 55792

Frequently Asked Questions

What type of property is this?
Shopping center - Three-tenant retail property anchored by Aldi, Tractor Supply, and Harbor Freight.
Where is this shopping center located?
The property is located at 1422 S 12th Ave W Virginia, MN.
What is the asking price?
The asking price for this property is $4,650,000.
What are key features of this property?
This property features: Anchors Uptown Virginia Mall, a shopping destination for Minnesota’s Iron Range.; 57,248 square foot retail property.; Three tenants: Aldi, Tractor Supply, and Harbor Freight.
More about this property
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