Endcap Retail Suite with
For Sale
$2,750,000
291 5th Ave NE, Isanti, MN 55040
Built in 2022, this end-cap retail suite features a drive-through and generous parking with easy access to Hwy 65.
Property Size13,552 SF
Price / SF$202.92
Days on Market95
Property Features for 291 5th Ave NE
General Information
Standard status
Active
Size
13,552 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
2022
Listing Agency:
RIC Property Management, Inc.
Listed By:
Matthew Anderson, Nik Anderson
Source:
Homesminn
Added: Jul 23
Changed: Oct 8
Last Checked: Oct 7 at 5:08PM
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 RIC Property Management, Inc.
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Investment Insights
Based on property information with market context.
This built-in-2022 end-cap retail suite offers a drive-through component and generous parking. The property is positioned for straightforward customer access within a newer retail development.
Situated in the heart of Isanti’s growing retail development, the location provides easy access to Hwy 65.
With its end-cap configuration and drive-through use, the space is designed to support retail operations that benefit from convenient ingress and egress.
Situated in the heart of Isanti’s growing retail development, the location provides easy access to Hwy 65.
With its end-cap configuration and drive-through use, the space is designed to support retail operations that benefit from convenient ingress and egress.
Key Highlights
- 13,552 SF end‑cap retail suite in the heart of Isanti’s growing retail development
- Built in 2022
- Includes a drive‑thru
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$166,912
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,338,240
$3.3M
Cap Rate 7%
$2,384,457
$2.4M
Cap Rate 9%
$1,854,578
$1.9M
Market Conditions
NOI Build-Up for 13,552 SF
Gross rent
$256.9K $18.96/SF
− Vacancy
−$18.5K −$1.37/SF
EGI
$238.4K $17.59/SF
− OpEx
−$71.5K −$5.28/SF
NOI
$166.9K $12.32/SF
Area
Isanti County, MN
Vacancy
7.20%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,338,240
Cap Rate 7%
$2,384,457
Cap Rate 9%
$1,854,578
Alternative Uses
Best Use
Retail
$2.38M
$2.09M – $2.78M
NOI $166,912 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.23M
$2.83M – $3.77M
NOI $226,326 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 75%
Dining 25%
Mobil
Shops & Services
8,986 visits/mo
0.3 miles
SUBWAY
Dining
3,048 visits/mo
0.5 miles
Demographics for 55040, MN
13,941
Population
5,635
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
90%
High-School Grad
98.1 sq mi
ZIP Area
142
Density / Sq Mi
$88,576
Median Household Income
$48,975
Median Earnings
$1,298
Median Rent
$287,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Built in 2022, this end-cap retail suite features a drive-through and generous parking with easy access to Hwy 65.
Where is this retail space located?
The property is located at 291 5th Ave NE Isanti, MN.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 13,552 SF end‑cap retail suite in the heart of Isanti’s growing retail development; Built in 2022; Includes a drive‑thru
