Mixed-Use Dance Studio
For Sale
$635,000
251 8th Street NW, Elk River, MN 55330
6,000 sq-ft building with a 4,000 sq-ft dance studio, 2,000 sq-ft office, and fenced rear parking/storage.
Property Size6,000 SF
Price / SF$105.83
Days on Market63
Property Features for 251 8th Street NW
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Commercial
Zoning
Business/Commercial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Taxes and HOA fees
Annual Taxes
$13,696
Building Details
Building Size
6,000 SF
Year Built
1986
Stories
1
Units
2
Listing Agency:
Acuity Group
(612) 242-1653
Listed By:
Dustin Heggem · License #40416985
(612) 242-1653
Source:
Juverealestate
Added: Jun 10
Changed: Aug 8
Last Checked: Aug 8 at 5:33PM
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 Acuity Group
Investment Insights
Based on property information with market context.
This property is a 6,000 sq-ft building currently divided into two main components: a 4,000 sq-ft dance studio and 2,000 sq-ft of professional office space that is presently leased. The space is described as a turnkey opportunity for a dance-related owner, with the understanding that it can be converted to other uses. In addition, there is approximately 1,800 sq-ft of fenced-in parking/storage in the rear of the building.
The property is positioned for direct visibility to Hwy 169. Access to and from the site is noted as being convenient now that the Elk River freeway project is complete.
Overall, the configuration supports an owner-occupant or investor model with income from the leased office portion while maintaining a dedicated, larger studio component on-site.
The property is positioned for direct visibility to Hwy 169. Access to and from the site is noted as being convenient now that the Elk River freeway project is complete.
Overall, the configuration supports an owner-occupant or investor model with income from the leased office portion while maintaining a dedicated, larger studio component on-site.
Key Highlights
- 6,000 sq‑ft building (built 1986) with direct visibility to Hwy 169
- Currently includes a 4,000 sq‑ft dance studio plus 2,000 sq‑ft professional office space being leased
- Approximately 1,800 sq‑ft of fenced‑in parking/storage in the rear of the building
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55330, MN
43,626
Population
16,796
Households
2.6
Avg Household Size
37
Median Age
33%
College-Educated
94%
High-School Grad
106.6 sq mi
ZIP Area
409
Density / Sq Mi
$111,481
Median Household Income
$59,332
Median Earnings
$1,356
Median Rent
$355,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Soul Fitness — 318 Jackson Ave NW, Elk River, MN 55330
- HealthSource Chiropractic of Elk River — 18157 Carson Ct NW Suite C, Elk River, MN 55330
- Signature Soul's Deana McLean — Salon On Main Studio Rental, 705 Main St NW, Elk River, MN 55330
- InSPIRE Studio Pilates & Barre — 815 US-10, Elk River, MN 55330
- Minnesota IV Hydration and Wellness — 657 main st nw suite 214, elk river, mn 55330
Frequently Asked Questions
What type of property is this?
Fitness center & gym - 6,000 sq-ft building with a 4,000 sq-ft dance studio, 2,000 sq-ft office, and fenced rear parking/storage.
Where is this fitness center & gym located?
The property is located at 251 8th Street NW Elk River, MN.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: 6,000 sq‑ft building (built 1986) with direct visibility to Hwy 169; Currently includes a 4,000 sq‑ft dance studio plus 2,000 sq‑ft professional office space being leased; Approximately 1,800 sq‑ft of fenced‑in parking/storage in the rear of the building
