Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Carlson Center Shoppes For Sale Title is generated by Realmo AI

    187 Cheshire Lane, Plymouth, MN 55441

    View on Map
    Claim this Listing
    For Sale
    $3,500,000

    Retail property available for purchase in Plymouth, Minnesota.

    Type:Retail
    Added:
    Mar 7, 2026
    Days on Market:
    91
    Last Refresh:
    Mar 7 at 7:08 pm

    Property Features for 187 Cheshire Lane

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1996

    We can help!

    Listing Contact
    Amy Senn

    Listing agent Amy Senn

    Listing office Mid-America Real Estate-Minnesota LLC

    Listing date Mar 7, 2026

    Source Midamericagrp

    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-Minnesota LLC

    HighLights

    • Carlson Center Shoppes location
    • Commercial property offering retail space
    • Located in a shopping center
    • Built in 1996
    • Investment opportunity

    Overview

    The Carlson Center Shoppes represent a commercial real estate opportunity. This property is located in Plymouth, Minnesota.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

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

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

    Similar Places Nearby

    • Carlson Center Shoppes — 187 Cheshire Ln, Minneapolis, MN 55441

    Location Insight

    • Map
    • Local Demand
    City
    Plymouth
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.4576295
    Latitude
    44.9832393

    Nearby Similar for Sale

    • $1,595,000
      7,580 SF

      Highway Commercial Property in Plymouth

      7,580 SF commercial building on 0.64 acres for sale.
      10730 Highway 55, Plymouth, MN 55441
      View Details
    • $250,000

      Established Grocery Store Business Opportunity

      Profitable grocery store business for sale in Plymouth, Minnesota.
      3435 Highway 169 N, Plymouth, MN 55441
      View Details
    • $2,300,000
      13,100 SF

      Plymouth Industrial Flex Space Available

      13,100 SF flex building with office and warehouse space.
      2730 Niagara Lane North, Plymouth, MN, 55447
      View Details
    • $2,000

      Office Space in Plymouth, MN

      Office space with four offices, reception, kitchenette, and storage.
      3165 Fernbrook Lane N, Plymouth, MN 55447
      View Details
    • Contact for pricing

      Retail Center at Busy Intersection

      High-visibility retail center with strong national and regional tenants.
      4105 Vinewood Lane | Plymouth, MN 55442
      View Details
    • Contact for pricing

      Plymouth Manufacturing/Industrial Property for Sale

      Manufacturing/Industrial property available for purchase in Plymouth, Minnesota.
      2800 Niagara N Ln, Plymouth, MN 55447
      View Details
    • $2,995,000
      15,127 SF

      Plymouth Class-A Office Building

      Class-A office building in a high-visibility Plymouth location.
      9655 Schmidt Lake Rd, Plymouth, MN
      View Details
    • Contact for pricing
      24,755 SF

      Plymouth Flex Space For Sale

      Class A flex space with existing tenant and ample parking.
      2955 Xenium Ln N, Plymouth, MN 55441
      View Details
    • Contact for pricing
      17,600 SF

      Plymouth Warehouse with Outdoor Storage

      17,600 SF warehouse with secure, fenced outdoor storage available.
      9835-9865 10th Ave N, Plymouth, MN
      View Details
    • Contact for pricing
      29,400 SF

      Industrial Building with Outdoor Storage

      Industrial building with ample loading, yard, and flexible zoning.
      3005 Niagara Ln N, Plymouth, MN 55447
      View Details
    • Contact for pricing

      Plymouth Commercial Property for Sale

      Commercial property available for sale in Plymouth, Minnesota.
      9750 Rockford Road, Plymouth, MN 55441
      View Details
    • Contact for pricing
      92,654 SF

      Plymouth Manufacturing Facility For Sale

      92,654 SF manufacturing facility in Plymouth, MN, with heavy power.
      14905 23rd Ave N, Plymouth, MN
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail property available for purchase in Plymouth, Minnesota.
    Where is this shopping center located?
    The property is located at 187 Cheshire Lane Plymouth, MN.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Carlson Center Shoppes location; Commercial property offering retail space; Located in a shopping center
    (651) 983-4861
    We can help!
    Listing Contact
    Amy Senn
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    187 Cheshire Lane | Plymouth, MN 55441
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!