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    Retail Warehouse Building with Drive-Through Title is generated by Realmo AI

    5630 st croix Trail, North Branch, MN 55056

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    Claim this Listing
    For Sale
    $4,500,000

    Commercial - North Branch, MN

    Property size:
    68,880 SF
    Lot size:
    8.30 Acres
    Price / SF:
    $65/SF
    Added:
    May 3, 2026
    Days on Market:
    33
    Last Refresh:
    Jun 4 at 6:06 am

    Property Features for 5630 st croix Trail

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Business/Commercial
    Parking features
    Parking Lot
    Exterior features
    Other, Stucco
    Standard status
    Active
    APN
    110041015
    Size
    68,880 SF
    Lot size
    8.30 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    141840

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2008
    Flooring type
    Carpet, Concrete
    Roof type
    Flat, Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    Catherine Carchedi, GRI, CRS

    Listing agent Catherine Carchedi, GRI, CRS

    Listing office RE/MAX Synergy 920 W Broadway Avenue, Forest Lake, MN

    Listing date May 3, 2026

    MLS# 7068544 Listing URL

    Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑visibility location with quick I‑35 access and proximity to established retailers like Starbucks and Chipotle.
    • Substantial retail space (68,880 sq ft) plus significant warehouse space (11,124 sq ft + 7,884 sq ft mezzanine).
    • Building in great shape, previously a Shopko, built in 2008.
    • Features include 2 loading docks, overhead rollup door, and ample parking.
    • Adaptable space with potential for separate areas (previously eye clinic and pharmacy), small offices, and drive‑through.
    • Flexible zoning with city open to various business types; possibility of splitting the land.

    Overview

    This retail warehouse building offers a mix of showroom-style front space and back-of-house storage. The property includes 68,880 SF of retail area, 11,124 SF of warehouse space, and an additional 7,884 SF of mezzanine warehouse space. Improvements include two loading docks, an overhead roll-up door, and small office spaces. The front area has the possibility of being configured as separate areas, and it has previously been used as an eye clinic and pharmacy. A drive-through is also part of the existing layout.

    The property is located at 5630 St Croix Trail in North Branch, MN, with quick access and visibility on I-35. It sits within a shopping area that includes businesses such as Starbucks, Chipotle, Holiday Gas Station, KFC, Dickey’s, and Jerry’s Foods, among others. The lot size is 8.3 acres, providing ample on-site parking, and the City is described as open to many types of businesses locating at the site.

    For buyers or operators seeking flexible-use commercial space, the combination of retail frontage, warehouse capacity, and drive-through functionality supports a range of service and retail concepts. The building’s configuration and history of use as a clinic/pharmacy also indicate potential for tenant-driven layout adjustments. The property includes the possibility of splitting the land, and lease options may be available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    North Branch
    County
    Chisago
    State
    Minnesota
    Longitude
    -92.99518173
    Latitude
    45.51205754

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    FAQs

    What type of property is this?
    Storefront property - Large retail-and-warehouse building with drive-through access, multiple loading options, and parking in a busy shopping area.
    Where is this storefront property located?
    The property is located at 5630 st croix Trail North Branch, MN.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: High‑visibility location with quick I‑35 access and proximity to established retailers like Starbucks and Chipotle.; Substantial retail space (68,880 sq ft) plus significant warehouse space (11,124 sq ft + 7,884 sq ft mezzanine).; Building in great shape, previously a Shopko, built in 2008.
    (651) 248-2796
    We can help!
    Listing Contact
    Catherine Carchedi, GRI, CRS
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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