Church and Event
For Sale
$3,477,777
13545 Martin St NW, Andover, MN 55304
Includes a commercial kitchen, high ceilings, and broad open areas for group gatherings.
Property Size20,792 SF
Price / SF$167.27
Days on Market53
Property Features for 13545 Martin St NW
General Information
Standard status
Active
Size
20,792 SF
Building Details
Year Built
2000
Buildings
1
Listing Agency:
ROCK SOLID Companies
Listed By:
Ron Touchette
(612) 435-7770
Source:
Vibemn
Added: Aug 25
Changed: Oct 15
Last Checked: Oct 7 at 3:35PM
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 ROCK SOLID Companies
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Investment Insights
Based on property information with market context.
Built in 2000, this 20,792-square-foot property combines event-center functionality with a prior church use. The building includes high ceilings, expansive open congregational areas, and a full commercial restaurant and catering kitchen. It was used for church services on Sundays and religious holidays until a few months ago.
Located at 13545 Martin St NW in Andover, Minnesota, the property sits within the city’s retail and community activity areas. Its existing layout supports continued event use, religious occupancy, or other business operations suited to the building’s open gathering spaces and food-service improvements.
Located at 13545 Martin St NW in Andover, Minnesota, the property sits within the city’s retail and community activity areas. Its existing layout supports continued event use, religious occupancy, or other business operations suited to the building’s open gathering spaces and food-service improvements.
Key Highlights
- 20,792‑square‑foot building constructed in 2000
- Previously used as a church on Sundays and religious holidays
- Full commercial restaurant and catering kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$225,878
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,517,560
$4.5M
Cap Rate 7%
$3,226,829
$3.2M
Cap Rate 9%
$2,509,756
$2.5M
Market Conditions
NOI Build-Up for 20,792 SF
Gross rent
$336.8K $16.20/SF
− Vacancy
−$14.1K −$0.68/SF
EGI
$322.7K $15.52/SF
− OpEx
−$96.8K −$4.66/SF
NOI
$225.9K $10.86/SF
Area
Anoka County, MN
Vacancy
4.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,517,560
Cap Rate 7%
$3,226,829
Cap Rate 9%
$2,509,756
Alternative Uses
Best Use
Industrial
$3.23M
$2.82M – $3.76M
NOI $225,878 @ 7.0% cap · market cap 6.49%
Second Best
Specialty Retail
$3.11M
$2.72M – $3.63M
NOI $217,536 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$5.78M
$5.05M – $6.74M
NOI $404,276 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
569
Businesses Nearby
260k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 62%
Shops & Services 24%
Dining 12%
Beauty & Spa 1%
Walmart
Superstores
97,114 visits/mo
0.3 miles
Target
Superstores
63,753 visits/mo
0.1 miles
Kwik Trip
Shops & Services
37,909 visits/mo
0.2 miles
Dollar Tree
Shops & Services
15,431 visits/mo
0.5 miles
Pizza Ranch
Dining
13,276 visits/mo
0.3 miles
Demographics for 55304, MN
49,128
Population
17,318
Households
2.8
Avg Household Size
40
Median Age
37%
College-Educated
96%
High-School Grad
68.6 sq mi
ZIP Area
716
Density / Sq Mi
$127,145
Median Household Income
$60,835
Median Earnings
$1,628
Median Rent
$402,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Church & religious facility - Includes a commercial kitchen, high ceilings, and broad open areas for group gatherings.
Where is this church & religious facility located?
The property is located at 13545 Martin St NW Andover, MN.
What is the asking price?
The asking price for this property is $3,477,777.
What are key features of this property?
This property features: 20,792‑square‑foot building constructed in 2000; Previously used as a church on Sundays and religious holidays; Full commercial restaurant and catering kitchen
