Building Details

Building Size 3,200 SF

Year Built 1984

Units 1

Listing Agency: Edina Realty, Inc. g***@edinarealty.com Show Phone

Listed By: Greg Shaleen, Gri Show Phone

Source: Ivyrealestategroup

Added: Feb 7, 2025 Changed: Aug 6 Last Checked: Aug 10 at 12:18PM

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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 Edina Realty, Inc.

Investment Insights

Based on property information with market context.

This 3,200-square-foot storefront building occupies just under an acre and provides a flexible starting point for a commercial repositioning. Constructed in 1984, the property was previously operated as a convenience store, while the interior is described as a clean slate for updates and modifications. The former gas station infrastructure has been removed.

Highway 8 access connects the property with the surrounding Shafer area. Business/Commercial zoning is in place, and the property information identifies potential applications including retail, office space, or another business use. The combination of an existing commercial building, substantial land area, and adaptable interior creates a straightforward platform for a new layout or updated operation.

Key Highlights

• 3,200‑square‑foot storefront building
• Just under an acre of land
• Business/Commercial zoning

Property Analytics

Property Profile

Current Use

Storefront properties

Suggested Use

Top Pick Big Box & Wholesale Store Grocery & Convenience Store Nail Salon Butcher Auto Repair Shop Spa & Massage Center

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

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

52

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 55074, MN

2,415

Population

885

Households

2.7

Avg Household Size

38

Median Age

24%

College-Educated

96%

High-School Grad

34.3 sq mi

ZIP Area

70

Density / Sq Mi

$104,545

Median Household Income

$53,110

Median Earnings

$962

Median Rent

$283,700

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

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Frequently Asked Questions

What type of property is this?

Storefront property - Business/Commercial-zoned property with highway access and a clean interior slate.

Where is this storefront property located?

The property is located at 17375 Lake Boulevard Shafer, MN.

What is the asking price?

The asking price for this property is $239,900.

What are key features of this property?

This property features: 3,200‑square‑foot storefront building; Just under an acre of land; Business/Commercial zoning