Building Details

Tenancy Multi

Listing Agency: Cushman & Wakefield - Bloomington, Minnesota Show Phone

Listed By: William Melin · License #MN S56957000

Source: Crexi

Added: Apr 25, 2024 Changed: Aug 14 Last Checked: Aug 20 at 6:20PM

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Investment Insights

Based on property information with market context.

This retail property is located in the north Minneapolis/St. Paul metro area. Situated in Blaine, Minnesota, the property is positioned on Highway 10 and Highway 47/University Avenue, just south of Highway 610. The location provides access into the mall's circular drive, with parking available. The property is a mall with new ownership and a large consumer draw from the surrounding suburbs.

Key Highlights

• Large consumer draw from surrounding suburbs.
• Well‑located in Blaine on Highway 10 and Highway 47/University Avenue.
• New ownership.

Property Analytics

Property Profile

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Law Firm Big Box & Wholesale Store Building Supply Auto Repair Shop Auto Parts Store

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

163

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 55434, MN

31,776

Population

12,221

Households

2.6

Avg Household Size

38

Median Age

25%

College-Educated

92%

High-School Grad

8.9 sq mi

ZIP Area

3,570

Density / Sq Mi

$88,163

Median Household Income

$45,682

Median Earnings

$1,703

Median Rent

$269,600

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

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Frequently Asked Questions

What type of property is this?

Shopping center - Retail opportunity in Blaine, Minnesota with consumer draw.

Where is this shopping center located?

The property is located at 389 Northtown Dr NE Blaine, MN.

What are key features of this property?

This property features: Large consumer draw from surrounding suburbs.; Well‑located in Blaine on Highway 10 and Highway 47/University Avenue.; New ownership.