Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    12624-12694 Bass Lake Rd Maple Grove, MN

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available near a large mixed-use development.

    Type:RETAIL
    Property size:
    5,872 SF
    Lot size:
    1.41 Acres
    Added:
    Jan 16, 2023
    Days on Market:
    1173
    Last Refresh:
    Apr 2 at 12:11 am

    Property Features for 12624-12694 Bass Lake Rd

    General Information

    Standard status
    Active
    Size
    5,872 SF
    Lot size
    1.41 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 12624-12694 Bass Lake Rd Contact us

    We can help!

    Listing Contact
    Christopher Hickok

    Listing agent Christopher Hickok

    Listing office JLL

    Listing date Jan 16, 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 JLL

    Overview

    Retail Space Near New Development

    The property at 12624-12694 Bass Lake Road is located across from The BLVD, a new mixed-use development in Maple Grove. This 75-acre site is planned to include over 100,000 square feet of mixed retail development, 975 multi-family units, 67,000 square feet of med-tech space, and up to 200,000 square feet of industrial development opportunities. New tenants already committed to the development include Summit Orthopedics with 80,000 square feet, Coborn’s Grocery and Liquor with 71,000 square feet, and a 975-unit apartment complex with construction planned to begin soon. The available retail space encompasses 5,872 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Maple Grove
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.4403
    Latitude
    45.0661

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Arbor Lakes

      11670 Fountains Dr, Unit 200, Maple Grove, MN 55369
      View Details
    • $7/mo

      Maple Grove Flex Space Available

      Turnkey warehouse and office space in Maple Grove, Minnesota.
      10200 73rd Ave N, Maple Grove, MN
      View Details
    • $15/mo

      Retail Suite in Maple Grove

      1,292 SF retail suite with flexible layout and high visibility.
      9650-9712 63rd Ave N, Maple Grove, MN
      View Details
    • $22/mo

      Office Space Near I-94

      Conveniently located office space near major retailers and I-94.
      13800 83rd Way N, Maple Grove, MN
      View Details
    • Contact for pricing

      Retail Space in Arbor Lakes

      Retail space available in Maple Grove's popular Arbor Lakes.
      7881-7899 Main St, Maple Grove, MN
      View Details
    • Contact for pricing

      Maple Grove Office Space Available

      Prime office space with flexible layout and highway visibility.
      13601 80th Cir N, Maple Grove, MN
      View Details
    • Contact for pricing

      Retail Space in Maple Grove

      Retail space available for lease in a busy Maple Grove location.
      13151-13159 Weaver Lake Rd, Maple Grove, MN
      View Details
    • Contact for pricing

      Retail Space in Maple Grove

      Retail space available in high-traffic Maple Grove location.
      15501-15511 Grove Cir N, Maple Grove, MN
      View Details
    • Contact for pricing

      Retail Space in Maple Grove

      Retail space available in a high-traffic Maple Grove location.
      15607-15611 Grove Cir N, Maple Grove, MN
      View Details
    • $6/mo

      Maple Grove Flex Office/Warehouse Space

      Flex office and warehouse spaces available in Maple Grove, MN.
      6901 E Fish Lake Rd, Maple Grove, MN
      View Details
    • Contact for pricing

      Retail Space in Maple Grove

      Retail space with high visibility and convenient highway access.
      15615-15641 Grove Cir N, Maple Grove, MN
      View Details
    • Contact for pricing

      Prime Maple Grove Medical Space

      Desirable medical space with high visibility and modern amenities.
      7767 Elm Creek Blvd N, Maple Grove, MN
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available near a large mixed-use development.
    Where is this retail space located?
    The property is located at 12624-12694 Bass Lake Rd Maple Grove, MN.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Located across the road from The BLVD, a new 75‑acre mixed‑use development.; The BLVD development includes over 100,000 SF of mixed retail space.; **975 multi‑family units** are part of The BLVD development.
    (612) 419-9070 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Christopher Hickok
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!