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

    12901 16Th Ave N Minneapolis, MN 55441

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

    Located in Plymouth, Minnesota, near major transportation routes and amenities.

    Property Features for 12901 16Th Ave N

    General Information

    Standard status
    Active

    Building Details

    Year built
    1987

    We can help!

    Listing Contact
    Mike Sowers
    Source: Crexi

    Listing Agency: Commercial Investors Group Listing Agent: Mike Sowers

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

    Learn more

    Overview

    Plymouth Industrial-Commercial Hub Opportunity

    Located in the industrial-commercial hub of Plymouth, Minnesota, approximately 12 miles northwest of downtown Minneapolis, this property offers access to major transportation routes, including I-494 and Hwy 55. Situated in a business park, the location is home to Luce Line Brewery. The property is located steps away from the Luce Line Trail, accessible directly from the rear of the property. There are 64 free surface parking stalls available. The property features four exterior docks. Plymouth offers access to amenities, including dining, retail at Ridgedale Center, and recreational spots like Parkers Lake Park and Clifton E. French Regional Park.
    Location Intelligence

    Current Use by Public Records

    Trailhead Plymouth (Bike/Boat/Book/etc) Store Luce Line Brewing Production Facility Luce Line trailhead Hiking Area

    Suggested Use

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

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

    Similar Places Nearby

    Royalty Soul Food & Catering LLC, Brownwillserve, BooMan Smackin' Kitchen

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.4433338
    Latitude
    44.9959559

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      MN, Minneapolis - 7825 Washington Ave

      Workspaces, services and support to help you work better in FL, Winter Haven - 316 Avenue
      7825 Washington Ave, Minneapolis, MN 55439
      View Details
    • Contact for pricing

      MN, Minneapolis - Washington Ave

      Workspaces, services and support to help you work better in John Hancock Center
      333 Washington Ave, Minneapolis, MN 55401
      View Details
    • Contact for pricing

      MN, Minneapolis - Lagoon Ave

      Find fully flexible work and meeting space in MN, Minneapolis - Lagoon Ave
      1330 Lagoon Ave 4Rth, Minneapolis, MN 55408
      View Details
    • Contact for pricing

      MN, Minneapolis - South 6th St

      Discover many ways to work your way in MN, Minneapolis - South 6th St
      120 6Th St, Minneapolis, MN 55402
      View Details
    • Contact for pricing

      MN, Minneapolis - Spaces North Loop

      Find fully flexible work and meeting space in Spaces Colony Square
      121 Washington Ave., Minneapolis, MN 55401
      View Details
    • Contact for pricing

      Stand-Alone Office Building in Camden

      Two-story office building with parking in Camden neighborhood.
      800 North 42Nd Ave, Minneapolis, MN 55412
      View Details
    • Contact for pricing
      5,500 SF

      Prime Restaurant Space Available

      5,500 RSF restaurant space for lease on first floor.
      250 Portland Ave, Minneapolis, MN 55415
      View Details
    • $24 SF/Yr

      Retail/Office Space in Luxury Building

      Corner retail/office space with abundant natural light in St. Louis Park.
      3510 Belt Line Blvd, St Louis Park, MN 55416
      View Details
    • Contact for pricing

      Steelman Creative: Historical Warehouse District

      Creative space in Minneapolis' Historical Warehouse District with skyline views.
      411 N Washington Ave, Minneapolis, MN 55401
      View Details
    • Contact for pricing

      Downtown Minneapolis Full Floor Office

      Move-in ready office space with skyway access and great amenities.
      510 Marquette Ave, Minneapolis, MN 55402
      View Details
    • $23 SF/Yr
      5,623 SF

      Remodeled Office Space Available

      Move-in ready office space in Minneapolis near I-35W.
      2520 Broadway St Northeast, Minneapolis, MN 55413
      View Details
    • Contact for pricing
      5,100 SF

      Stand-Alone Office Building in Camden

      Two-story office building with parking in Camden neighborhood.
      800 North 42Nd Ave, Minneapolis, MN 55412
      View Details

    FAQs

    What type of property is this?
    Flex space - Located in Plymouth, Minnesota, near major transportation routes and amenities.
    Where is this flex space located?
    The property is located at 12901 16Th Ave N Minneapolis, MN.
    What are key features of this property?
    This property features: - Strategic location in Plymouth's industrial-commercial hub, only 12 miles from downtown Minneapolis.; - Excellent transportation access via I-494 and Hwy 55.; - Ample parking with 64 free surface stalls and four exterior docks.
    Request Owner's contact information
    12901 16Th Ave N Minneapolis, MN 55441
    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.
    12901 16Th Ave N
    Minneapolis, MN 55441
    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
    12901 16Th Ave N Minneapolis, MN 55441
    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

    We can help!
    Listing Contact
    Mike Sowers
    Real Estate License ID: 40571176
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!