Listing Agency: Mid-America Real Estate-Minnesota LLC B***@midamericagrp.com Show Phone

Listed By: Brady Whalen

Source: Midamericagrp

Added: Jun 11 Changed: Jul 10 Last Checked: Jul 31 at 4:05AM

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Investment Insights

Based on property information with market context.

This for-lease retail space is part of a grocery-anchored shopping environment, designed to serve everyday consumer needs alongside an existing supermarket presence.

Located at 478 Water Street in Excelsior, the property is positioned in the heart of downtown Excelsior, placing it among the retail and commercial activity that supports walk-in and local shopping patterns.

For tenants, the grocery anchor can be a helpful draw for customers seeking convenience, quick trips, and repeat visits. The offering is best suited for retailers looking for an established, consumer-facing retail setting within a downtown context. Prospective tenants should review the current configuration with the leasing agent to confirm layout, entrance placement, and any specific buildout requirements for their business concept.

Key Highlights

• Leasing opportunity for retail space in a grocery‑anchored shopping setting
• Located in the heart of downtown Excelsior

Property Analytics

Property Profile

Current Use

Shopping centers

Suggested Use

Top Pick Garden Center Auto Repair Shop Plumbing Service (Bike/Boat/Book/etc) Store Locksmith HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

954

Businesses Nearby

14k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 40% Shops & Services 38% Dining 22%

Haskell's Groceries

5,515 visits/mo 0.5 miles

Wells Fargo Shops & Services

4,048 visits/mo 0.2 miles

Dunn Bros Coffee Dining

1,794 visits/mo 0.5 miles

U.S. Bank Shops & Services

1,226 visits/mo 0.1 miles

SUBWAY Dining

1,219 visits/mo 0.2 miles

Demographics for 55331, MN

19,568

Population

8,275

Households

2.4

Avg Household Size

46

Median Age

71%

College-Educated

99%

High-School Grad

16.3 sq mi

ZIP Area

1,200

Density / Sq Mi

$160,029

Median Household Income

$75,771

Median Earnings

$1,208

Median Rent

$707,000

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Shopping center - Leasing opportunity for retail space in a grocery-anchored shopping setting downtown Excelsior.

Where is this shopping center located?

The property is located at 478 Water Street Excelsior, MN.

What are key features of this property?

This property features: Leasing opportunity for retail space in a grocery‑anchored shopping setting; Located in the heart of downtown Excelsior