Building Details

Tenancy Multi

Listing Agency: Mid-America Real Estate-Minnesota LLC a***@midamericagrp.com Show Phone

Listed By: Amy Senn Show Phone

Source: Moodyscre

Added: Aug 18 Changed: Aug 21 Last Checked: Aug 21 at 7:48AM

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Investment Insights

Based on property information with market context.

Cedar Point Commons Building 3 is a 9,906-square-foot shopping center with a diversified tenant mix spanning service, restaurant, healthcare, and telecommunications uses. The property is shadow anchored by Target, and recent leasing activity includes lease extensions from Noodles and River Parkway Chiropractic along with a new Xfinity lease.

The center is adjacent to Minneapolis-Saint Paul International Airport, which serves 37+ million annual passengers, and is less than five minutes from Mall of America, which attracts 30+ million visitors annually. It serves South Minneapolis and first-ring suburban neighborhoods within an established South Metro retail corridor. Within three miles, average household income exceeds $144,000, and more than 20% of households earn over $200,000 annually.

Key Highlights

• 9,906‑square‑foot shopping center shadow anchored by Target
• Diversified mix of service, restaurant, healthcare, and telecommunications tenants
• Recent leasing includes Noodles and River Parkway Chiropractic extensions plus a new Xfinity lease

Property Analytics

Property Profile

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Big Box & Wholesale Store Law Firm Auto Repair Shop

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

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

405

Businesses Nearby

260k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Superstores 53% Dining 27% Home Improvements & Furnishings 12% Shops & Services 5%

Target Superstores

139,070 visits/mo 0.1 miles

The Home Depot Home Improvements & Furnishings

32,057 visits/mo 0.3 miles

Panda Express Dining

15,025 visits/mo 0.1 miles

Chipotle Mexican Grill Dining

13,572 visits/mo 0.0 miles

Caribou Coffee Dining

11,820 visits/mo 0.1 miles

Demographics for 55423, MN

37,137

Population

16,792

Households

2.2

Avg Household Size

37

Median Age

44%

College-Educated

91%

High-School Grad

7.1 sq mi

ZIP Area

5,231

Density / Sq Mi

$84,102

Median Household Income

$52,890

Median Earnings

$1,334

Median Rent

$320,300

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?

Shopping center - Established retail center with service, restaurant, healthcare, and telecommunications tenants near major regional destinations.

Where is this shopping center located?

The property is located at 1700-1732 66th St E Richfield, MN.

What is the asking price?

The asking price for this property is $4,930,000.

What are key features of this property?

This property features: 9,906‑square‑foot shopping center shadow anchored by Target; Diversified mix of service, restaurant, healthcare, and telecommunications tenants; Recent leasing includes Noodles and River Parkway Chiropractic extensions plus a new Xfinity lease