Two-Unit
6129-6131 42nd Ave N, Crystal, MN 55422
For Sale
Contact for pricing
Each occupied suite has a half bath and separately metered heat and electric paid by its tenant.
Property Size1,560 SF
Price / SF$176.28
Days on Market11
Property Features for 6129-6131 42nd Ave N
General Information
Standard status
Size
Property subtype
Additional Details
Tenant in Place
Amenities
off street parking lot
storage shed
billboards
Building Details
Tenancy
Listing Agency:
Twin Oaks Realty
Listed By:
John Anderson
(763) 535-1471
Source:
Moodyscre
Added: Oct 30
Changed: Nov 6
Last Checked: Nov 8 at 2:36AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,560-square-foot storefront in Crystal, Minnesota, is configured as two tenant-occupied units, currently used as a barber shop and beauty shop. Each suite has a half bath, and tenants pay for their own heat and electric. A storage shed provides space for lawn items, and billboard income adds another revenue source.
Parking is available in an off-street lot and along the street. The property is located at 6129-6131 42nd Ave N.
Parking is available in an off-street lot and along the street. The property is located at 6129-6131 42nd Ave N.
Key Highlights
- 1,560‑square‑foot storefront divided into two occupied units
- Current suite uses include a barber shop and a beauty shop
- Separate heat and electric costs are paid by the 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
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 - Each occupied suite has a half bath and separately metered heat and electric paid by its tenant.
Where is this storefront property located?
The property is located at 6129-6131 42nd Ave 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: 1,560‑square‑foot storefront divided into two occupied units; Current suite uses include a barber shop and a beauty shop; Separate heat and electric costs are paid by the tenants
