150 Jackson Ave N, Hopkins, MN 55343

Building Details

Building Size 8,000 SF More

Listing Agency: IAG Commercial

Listed By: Bob Valentine · License #MN 40423120 Show Phone

Source: Crexi

Added: Sep 14 Changed: Oct 26 Last Checked: Nov 8 at 6:53AM

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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 IAG Commercial

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Investment Insights

Based on property information with market context.

This standalone mixed-use property contains 8,000 SF organized for both production and office functions. The building includes 5,000 SF of light manufacturing and industrial area alongside 3,000 SF of office space, creating a practical separation between operational and administrative uses.

Located at 150 Jackson Ave N in Hopkins, Minnesota, the property is within an established west-metro setting and carries transit-oriented zoning. Its configuration supports owner-users seeking a combination of industrial workspace and professional office area under one roof.

Key Highlights

• 8,000 SF mixed‑use building
• 5,000 SF of light manufacturing and industrial space
• 3,000 SF of office space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$88,560

Cap Rate

8.95%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,771,200 $1.8M

Cap Rate 7%

$1,265,143 $1.3M

Cap Rate 9%

$984,000 $984.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,000 SF

Gross rent

$172.8K $21.60/SF

− Vacancy

−$31.1K −$3.89/SF

EGI

$141.7K $17.71/SF

− OpEx

−$53.1K −$6.64/SF

NOI

$88.6K $11.07/SF

Area

Hennepin County, MN

Vacancy

18.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,771,200

Cap Rate 7%

$1,265,143

Cap Rate 9%

$984,000

Alternative Uses

Best Use

Mixed Use

$1.27M

$1.11M – $1.48M (±1% cap)

NOI $88,560 @ 7.0% cap · market cap 8.95%

Second Best

Industrial

$1.24M

$1.09M – $1.45M (±1% cap)

NOI $86,910 @ 7.0% cap · market cap 8.78%

Theoretical Best

Office A

$1.91M

$1.67M – $2.23M (±1% cap)

NOI $133,604 @ 7.0% cap · market cap 13.50%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

The Workbench General Contractor Southwest Door Midwest ... Hardware & Home Improvement Peterson Custom Cabinetry Renovation Specialist

Suggested Use

Top Pick Real Estate Agency Hair Salon Bakery Grocery & Convenience Store Garden Center Law Firm

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

Location Intelligence

Trade Area within ½ mile

633

Businesses Nearby

Explore this area Business Placement

Demographics for 55343, MN

26,307

Population

14,111

Households

1.9

Avg Household Size

38

Median Age

52%

College-Educated

97%

High-School Grad

7.7 sq mi

ZIP Area

3,416

Density / Sq Mi

$82,415

Median Household Income

$54,823

Median Earnings

$1,427

Median Rent

$350,700

Median Home Value

Market

Properties on Market for Mixed-use properties in Hennepin County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Flexible commercial property combining light industrial space with dedicated offices and transit-oriented zoning.

Where is this mixed-use property located?

The property is located at 150 Jackson Ave N Hopkins, MN.

What is the asking price?

The asking price for this property is $990,000.

What are key features of this property?

This property features: 8,000 SF mixed‑use building; 5,000 SF of light manufacturing and industrial space; 3,000 SF of office space