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    12740 Lake Boulevard Lindstrom, MN 55045

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    Commercial - Lindstrom, MN

    Lot size:
    0.11 Acres
    Added:
    Dec 8, 2025
    Days on Market:
    142
    Last Refresh:
    Apr 29 at 11:06 am

    Property Features for 12740 Lake Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Business/Commercial
    Parking features
    Parking Lot, Paved or Surfaced
    Exterior features
    Brick/Stone
    Standard status
    Active
    APN
    150016700
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7338

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1915
    Flooring type
    Concrete, Wood
    Building materials
    Brick, Plaster
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Anthony Heggerston

    Listing agent Anthony Heggerston

    Listing office Real Estate Masters, LTD 312 East County Road D, Little Canada, MN

    Listing date Dec 8, 2025

    MLS# 6825161 Listing URL

    Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Retail Space in Lindstrom

    This expansive, two-story commercial retail space is located in Lindstrom's thriving historic downtown, offering visibility, charm, and accessibility. Situated on the corner of Highway 8 and the downtown pedestrian corridor, the location benefits from high traffic, with over 10,000 vehicles passing daily. The property features 9,504 square feet, including a finished 4,750-square-foot first-floor retail space with an open concept layout and high ceilings, plus an unfinished 4,750-square-foot basement accessible via two stairways. Architectural details include original hammered tin ceilings and large display windows. A corner entrance and a potential second entry provide flexibility. The location is next to a newly remodeled public parking lot with over 30 spots and a fresh streetscape with new crosswalks and landscaping, along with ample street parking. Five apartments on the third floor offer built-in foot traffic and neighborhood presence. The new ownership plans to upgrade the space prior to move-in, with availability in December 2025. Downtown Lindstrom has recently invested in walkability, safety, and beautification, supporting foot traffic and retail success. Lindstrom is known for its Swedish heritage, vibrant Main Street, and welcoming community spirit, located just 45 minutes north of the Twin Cities. The city hosts numerous community events and festivals that bring in thousands of visitors each year.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lindstrom Antique Mall Home Decor Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lindstrom
    County
    Chisago
    State
    Minnesota
    Longitude
    -92.848407
    Latitude
    45.389953

    FAQs

    What type of property is this?
    Retail space - Two-story commercial retail space in Lindstrom's historic downtown.
    Where is this retail space located?
    The property is located at 12740 Lake Boulevard Lindstrom, MN.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: High visibility corner location on Highway 8 with 10,000+ vehicles passing daily.; **9,504 sqft of total space including a 4,750 sqft finished 1st floor retail space with open concept layout and soaring ceilings.**; Anchor location in Lindstrom's thriving historic downtown, next to a newly remodeled public parking lot.
    (612) 999-3068
    We can help!
    Listing Contact
    Anthony Heggerston
    Learn More
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    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
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