Building Details

Year Built 2007

Buildings 1

Stories 1

Units 6

Tenancy Multi

Listing Agency: Mid America Real Estate Minneapolis j***@midamericagrp.com Show Phone

Listed By: Amy Senn · License #MN 20150963

Source: Crexi

Added: Aug 10 Changed: Aug 19 Last Checked: Aug 18 at 6:27AM

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Investment Insights

Based on property information with market context.

Cedar Point Commons is a multi-tenant shopping center at 1714 E 66TH ST in Richfield, MN. The property contains 9,906 square feet and was built in 2007, with PC-2 Planned General Commercial zoning.

The center is part of a 350,000-square-foot community development anchored by Target and Home Depot. Its multi-tenant retail configuration places the property within an established commercial setting serving the Richfield area.

Key Highlights

• 9,906‑square‑foot multi‑tenant retail center
• Built in 2007
• PC‑2 Planned General Commercial zoning

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Law Firm Big Box & Wholesale Store 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.

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

Questions? Ask Rey

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What type of property is this? Where is this shopping centers located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Shopping center - Retail center within a 350,000-square-foot community development anchored by Target and Home Depot.

Where is this shopping center located?

The property is located at 1714 E 66TH ST 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 multi‑tenant retail center; Built in 2007; PC‑2 Planned General Commercial zoning