Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1617 Mainstreet Hopkins, MN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available at a busy Hopkins intersection.

    Type:RETAIL
    Property size:
    900 SF
    Lot size:
    0.27 Acres
    Added:
    May 27, 2025
    Days on Market:
    343
    Last Refresh:
    Apr 5 at 8:32 pm

    Property Features for 1617 Mainstreet

    General Information

    Standard status
    Active
    Size
    900 SF
    Lot size
    0.27 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1617 Mainstreet Contact us

    We can help!

    Listing Contact
    Ed J Hanlon

    Listing agent Ed J Hanlon

    Listing office Edina Realty Inc - Minnetonka

    Listing date May 27, 2025

    Source Moodyscre

    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 - Minnetonka

    Overview

    Hopkins Retail Space For Rent

    This 900-square-foot retail space is located at the northwest corner of the third busiest intersection on Mainstreet in Hopkins, Minnesota. The property benefits from ample free parking. Its location offers proximity to Shady Oak, Highway 7, and Excelsior Boulevard.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Thrive Therapeutic Massage ... Alternative Medicine Practice Head Over Heels ... Hair Salon

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Hopkins
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.4213
    Latitude
    44.9246

    Nearby Similar for Lease

    • $9 SF/Yr

      Hopkins Office Space For Rent

      Office building in desirable Hopkins neighborhood near amenities and transit.
      901-913 1st St N, Hopkins, MN
      View Details
    • Contact for pricing

      Attractive Showroom Building For Rent

      Showroom building strategically located for Southwest and Northwest users.
      700 5th Street South, Hopkins, MN, 55343
      View Details
    • Contact for pricing

      Hopkins Office/Data Center Opportunity

      30,000 SF office/data center with robust power capacity.
      601 2nd Ave S, Hopkins, MN
      View Details
    • Contact for pricing

      Office Space for Rent

      Office space available for rent in Hopkins, Minnesota.
      16 North 9th Avenue, Hopkins, MN, 55343
      View Details
    • Contact for pricing

      Hopkins Flex Space Available

      Flexible lease terms, up to 11,500 SF available.
      1515 5th St S, Hopkins, MN
      View Details
    • Contact for pricing

      Retail Space in Hopkins

      Retail space available for lease in Hopkins, Minnesota.
      701 Mainstreet, Hopkins, MN, 55343
      View Details
    • $14 SF/Yr

      Hopkins Warehouse Space Available

      Industrial warehouse space available for lease in Hopkins, Minnesota.
      1102-1114 5th St S, Hopkins, MN
      View Details
    • Contact for pricing

      Adaptable Flex/Industrial Space Available

      Rentable flex/industrial space with customizable tenant improvement options.
      700-865 5th St S, Hopkins, MN
      View Details
    • $13 SF/Yr

      Hopkins Office Space Available

      Office space available for rent in Hopkins, Minnesota.
      33 10th Ave S, Hopkins, MN
      View Details
    • $6 SF/Yr

      Hopkins Warehouse with Office Space

      4,910 SF warehouse with office and drive-in door.
      620-630 12th Ave S, Hopkins, MN
      View Details
    • Contact for pricing

      Hopkins Flex Space For Rent

      Flex space with easy highway access in Hopkins, Minnesota.
      1415 5th St S, Hopkins, MN
      View Details
    • $31 SF/Yr

      Customizable Office Space Available

      Adaptable office space with collaboration areas and modern amenities.
      9320 Excelsior Blvd, Hopkins, MN
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available at a busy Hopkins intersection.
    Where is this retail space located?
    The property is located at 1617 Mainstreet Hopkins, MN.
    What is the lease rate?
    The lease rate is $33 SF/Yr.
    What are key features of this property?
    This property features: NW corner location at the 3rd busiest intersection of Hopkins Mainstreet; Ample free parking; Near Shady Oak
    (612) 369-2287 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ed J Hanlon
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry

    1617 Mainstreet, Hopkins, MN

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!