Two-Unit Storefront
6129 42nd Avenue N, Crystal, MN 55422
For Sale
$275,000
Two occupied commercial suites have separate utility service and individual half baths.
Property Size1,560 SF
Price / SF$176.28
Days on Market42
Property Features for 6129 42nd Avenue N
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
off-street parking lot
storage shed
Building Details
Building Size
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
Twin Oaks Realty, Inc
(763) 535-1471
Listed By:
John W Anderson
(612) 309-5402
Source:
Hewittjacksonrealestate
Added: Oct 2
Changed: Nov 10
Last Checked: Nov 11 at 6:35AM
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 Twin Oaks Realty, Inc
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Investment Insights
Based on property information with market context.
This 1,560-square-foot storefront building, constructed in 1965, is arranged as two commercial units currently occupied by a barber shop and a beauty shop. Each suite has its own half bath, with separate heat and electric service paid by the tenants. A storage shed provides space for lawn equipment and related items.
The property is at 6129 42nd Avenue N in Crystal, Minnesota, and is zoned Business/Commercial. Parking is available in an off-street lot as well as along the street. Billboard advertising also contributes income.
The property is at 6129 42nd Avenue N in Crystal, Minnesota, and is zoned Business/Commercial. Parking is available in an off-street lot as well as along the street. Billboard advertising also contributes income.
Key Highlights
- Two occupied suites house a barber shop and a beauty shop
- 1,560 square feet; built in 1965
- Separate heat and electric service for each unit, paid by tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,268
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,360
$345.4K
Cap Rate 7%
$246,686
$246.7K
Cap Rate 9%
$191,867
$191.9K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$26.6K $17.04/SF
− Vacancy
−$1.9K −$1.23/SF
EGI
$24.7K $15.81/SF
− OpEx
−$7.4K −$4.74/SF
NOI
$17.3K $11.07/SF
Area
Hennepin County, MN
Vacancy
7.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,360
Cap Rate 7%
$246,686
Cap Rate 9%
$191,867
Alternative Uses
Best Use
Retail
$246.7K
$215.9K – $287.8K
NOI $17,268 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$372.2K
$325.7K – $434.2K
NOI $26,053 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55422, MN
29,290
Population
13,082
Households
2.2
Avg Household Size
40
Median Age
46%
College-Educated
95%
High-School Grad
8.5 sq mi
ZIP Area
3,446
Density / Sq Mi
$91,173
Median Household Income
$55,759
Median Earnings
$1,576
Median Rent
$314,200
Median Home Value
Market
Properties on Market for Storefront properties in Hennepin County
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Cub Foods Floral Department — 5301 36th Ave N, Crystal, MN 55422
Frequently Asked Questions
What type of property is this?
Storefront property - Two occupied commercial suites have separate utility service and individual half baths.
Where is this storefront property located?
The property is located at 6129 42nd Avenue N Crystal, MN.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two occupied suites house a barber shop and a beauty shop; 1,560 square feet; built in 1965; Separate heat and electric service for each unit, paid by tenants
