Redeveloped Retail/Automotive Space on
38450 Tanger Dr North Branch, MN
For Sale
Contact for pricing
21,000 SF redeveloped space ideal for retail or automotive businesses.
Property Size21,040 SF
Lot Size1.25 Acres
Price / SF$148.53
Days on Market305
Property Features for 38450 Tanger Dr
General Information
Standard status
Active
Size
21,040 SF
Lot size
1.25 Acres
Property subtype
RETAIL
Listing Agency:
Fort Inc
(651) 895-3217
Listed By:
Jacob Gerads
(651) 895-3217
Source:
Moodyscre
Added: Sep 29, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:50AM
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 Fort Inc
Investment Insights
Based on property information with market context.
The property, located in North Branch, features a 21,040 square foot redeveloped space with heavy power and expansive clear heights. It is suitable for moving cars, customers, or kegs. The building has been extensively redeveloped with a modern, bright finish, ready as-is for most sales and service operations, and can be customized as a full build-to-suit for critical medical, retail, or entertainment venues. The building has been transformed into a high-performance workplace, offering heavy power, high clear heights, and drive-in flexibility. Shared parking easements on adjacent lots support growth. It is suitable for auto dealerships and service centers, clinics, retail, or entertainment businesses. The building ownership has material ready for six more drive-in doors.
Key Highlights
- Heavy power, high clear heights, and drive‑in flexibility suitable for various businesses.
- Redeveloped 21,000 SF building with modern, bright finish, ready for sales and service operations.
- Located on I‑35, offering high visibility and accessibility.
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 | $398.9k | $18.96 |
| − Vacancy | −$28.7k | −$1.37 |
| EGI | $370.2k | $17.59 |
| − OpEx | −$111.1k | −$5.28 |
| NOI | $259.1k | $12.32 |
21,040 SF · lease $18.96/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.70M
$3.24M – $4.32M
NOI $259,137 @ 7.0% cap · market cap 8.29%
Second Best
Industrial
$3.27M
$2.86M – $3.81M
NOI $228,573 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$5.02M
$4.39M – $5.86M
NOI $351,379 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Showroom - 21,000 SF redeveloped space ideal for retail or automotive businesses.
Where is this showroom located?
The property is located at 38450 Tanger Dr North Branch, MN.
What is the asking price?
The asking price for this property is $3,125,000.
What are key features of this property?
This property features: Heavy power, high clear heights, and drive‑in flexibility suitable for various businesses.; Redeveloped 21,000 SF building with modern, bright finish, ready for sales and service operations.; Located on I‑35, offering high visibility and accessibility.
