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Former Goodyear Tire Building For Sale

5500 W Broadway, Crystal, MN 55428

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For Sale

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6,650 SF building in Crystal, MN, excellent high-traffic location.

Type:Retail

Property size:

6,650 SF

Price / SF:

$161/SF

HighLights

Redevelopment opportunity with 86 apartment units already approved.
Excellent high‑traffic, high‑visibility corner location.
Located in a designated Opportunity Zone.
6,650 SF former Goodyear Tire building suitable for owner‑user or redevelopment.
Workshop with 6 bays and overhead doors, plus 1 bay and overhead door in the back.
Ample parking with 16 spots in the front and additional room in the rear.

We can help!

Contact an agent

Mark Hulsey

Learn more

For Sale

Contact for pricing

6,650 SF building in Crystal, MN, excellent high-traffic location.

Type:Retail

Property size:

6,650 SF

Price / SF:

$161/SF

Added:: Oct 12, 2023
Days on Market:: 999
Last Refresh:: May 12 at 10:02 pm

Property Features for 5500 W Broadway

General Information

Standard status: Active
Size: 6,650 SF
Property subtype: Retail

Building Details

Year Built: 1981

We can help!

Contact an agent

Mark Hulsey

Listing office Results Commercial

Listing date Oct 12, 2023

Source Crexi

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 Results Commercial

HighLights

Redevelopment opportunity with 86 apartment units already approved.
Excellent high‑traffic, high‑visibility corner location.
Located in a designated Opportunity Zone.
6,650 SF former Goodyear Tire building suitable for owner‑user or redevelopment.
Workshop with 6 bays and overhead doors, plus 1 bay and overhead door in the back.
Ample parking with 16 spots in the front and additional room in the rear.

Overview

This 6,650 SF building, formerly a Goodyear Tire shop, is available for sale in Crystal, MN. Situated on a high-traffic, high-visibility corner of West Broadway Avenue and 55th Avenue North, the property offers convenient highway access and is surrounded by established retailers. The building is zoned TC - Town Center Core District and presents opportunities for a new owner-user or redevelopment, with 86 apartment units already approved by the city. The layout includes a large retail storefront, two offices, a workshop with six bays and overhead doors, and an additional bay with an overhead door at the rear, along with storage space. There are three bathrooms, with two located in the retail/office area and one in the workshop. The property provides ample parking with 16 spaces in the front and additional parking available in the rear. Located at 5500 W Broadway Avenue, the building is situated within a designated Opportunity Zone, intended to encourage community and neighborhood investment. The building is currently vacant and ready for its next phase.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$113.3k	$17.04
− Vacancy	−$8.2k	−$1.23
EGI	$105.2k	$15.81
− OpEx	−$31.5k	−$4.74
NOI	$73.6k	$11.07

6,650 SF · lease $17.04/SF/yr · vacancy 7.20% · expense 30.00%

Alternative Uses

Best Use

Retail

$1.05M

$920.1K – $1.23M (±1% cap)

NOI $73,610 @ 7.0% cap · market cap 6.85%

Second Best

Industrial

$1.03M

$903.1K – $1.20M (±1% cap)

NOI $72,244 @ 7.0% cap · market cap 6.72%

Theoretical Best

Office A

$1.59M

$1.39M – $1.85M (±1% cap)

NOI $111,059 @ 7.0% cap · market cap 10.33%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Auto shops

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Map

City: Crystal
County: Hennepin
State: Minnesota
Longitude: -93.3804
Latitude: 45.0617

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For sale
Auto shops
MN
Crystal
55428
5500 W Broadway

What type of property is this?

Auto shop - 6,650 SF building in Crystal, MN, excellent high-traffic location.

Where is this auto shop located?

The property is located at 5500 W Broadway Crystal, MN.

What is the asking price?

The asking price for this property is $1,075,000.

What are key features of this property?

This property features: Redevelopment opportunity with **86 apartment units already approved.**; **Excellent high‑traffic, high‑visibility corner location.**; Located in a designated Opportunity Zone.