Endcap Retail Suite with
291 5th Ave NE Isanti, MN 55040
For Sale
Contact for pricing
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 Market176
Property Features for 291 5th Ave NE
General Information
- Standard status
- Active
- Size
- 13,552 SF
- Property subtype
- RETAIL
Listing Agency:
RIC Property Management Inc
(612) 327-2977
Listed By:
Matt Anderson
(612) 327-2977
Source:
Moodyscre
Added: Jan 29
Changed: Jul 24
Last Checked: Jul 24 at 2:52AM
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
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $256.9k | $18.96 |
| − Vacancy | −$18.5k | −$1.37 |
| EGI | $238.4k | $17.59 |
| − OpEx | −$71.5k | −$5.28 |
| NOI | $166.9k | $12.32 |
13,552 SF · lease $18.96/SF/yr · vacancy 7.20% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Little North Playland
Family Recreation Center
Custom Cuts
Barber Shop
Peek A Boo Baby ...
(Bike/Boat/Book/etc) Store
Little North Sweets
Grocery & Convenience Store
Lulu Lavender Boutique
Clothing Store
FAQs
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
