Automotive Service
For Sale
$650,000
Pending
7105 Highway 10 Nw, Anoka, MN 55303
A separate dealership area and repair operation can remain independent or be run together.
Property Size2,586 SF
Days on Market10
Property Features for 7105 Highway 10 Nw
General Information
Standard status
Pending
Size
2,586 SF
Total Parking Spaces
40
Zoning
Business/Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Automotive
Service Bays
4
Automotive Uses
auto repair, dealership/vehicle sales
Tenancy & Operations
Tenant in Place
Yes
Real Estate Included
Yes
Taxes and HOA fees
Annual Taxes
$8,284
Amenities
lobby
sales office area
mezzanine break room
updated bathroom
Natural Gas
No
11-15
Building,Fixture/Equipment,Land,Leases
City Water/Connected
0.5
147x148x147x148
2586
Parking Lot
Building Details
Building Size
2,586 SF
Year Built
1997
Year Renovated
2023
Buildings
1
Listing Agency:
(612) 656-1200
Listed By:
Ryan Wedekind
Source:
Imetroproperty
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:13PM
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 Ryan Wedekind
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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 2,586 SF automotive property combines vehicle sales and repair space, with a lobby, sales office, shop areas, and mezzanine break room. Four drive-in doors serve the building, which has 15’ clear height. The shop includes a two-bay section with two 12 ft. overhead doors, another service bay with a 14 ft. door, and a dealership bay with a 10 ft. door. Tenants are open to remaining, or the space can be occupied by a new owner. The two operations may continue separately or be combined.
Interior work in 2023 included paint, flooring, heaters, a fluid station, and bathroom updates. Exterior work included repainting the building and repairing, asphalting, and striping the parking lot. The lot accommodates around 35-40 cars; the city has approved 25-27 vehicles for sales. The property fronts Highway 10 and has access via a new service road.
Interior work in 2023 included paint, flooring, heaters, a fluid station, and bathroom updates. Exterior work included repainting the building and repairing, asphalting, and striping the parking lot. The lot accommodates around 35-40 cars; the city has approved 25-27 vehicles for sales. The property fronts Highway 10 and has access via a new service road.
Key Highlights
- 2,586 SF automotive sales and repair building
- Four total drive‑in doors and 15’ clear height
- Two‑bay shop area with two 12 ft. overhead doors, plus 14 ft. service and 10 ft. dealership doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,997
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$879,940
$879.9K
Cap Rate 7%
$628,529
$628.5K
Cap Rate 9%
$488,856
$488.9K
Market Conditions
NOI Build-Up for 2,586 SF
Gross rent
$80.7K $31.20/SF
− Vacancy
−$17.8K −$6.90/SF
EGI
$62.9K $24.30/SF
− OpEx
−$18.9K −$7.29/SF
NOI
$44.0K $17.01/SF
Area
Anoka County, MN
Vacancy
22.10%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$879,940
Cap Rate 7%
$628,529
Cap Rate 9%
$488,856
Alternative Uses
Best Use
Retail
$628.5K
$550.0K – $733.3K
NOI $43,997 @ 7.0% cap · market cap 6.77%
Second Best
Industrial
$401.3K
$351.2K – $468.2K
NOI $28,094 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$718.3K
$628.5K – $838.0K
NOI $50,282 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
4
Service bays
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
36k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 98%
Home Improvements & Furnishings 2%
Holiday Station Store
Shops & Services
19,137 visits/mo
0.1 miles
Ramsey #2
Shops & Services
12,479 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
3,235 visits/mo
0.5 miles
Heartland Tire
Shops & Services
870 visits/mo
0.1 miles
Slumberland Furniture
Home Improvements & Furnishings
688 visits/mo
0.4 miles
Demographics for 55303, MN
51,480
Population
20,317
Households
2.5
Avg Household Size
38
Median Age
31%
College-Educated
96%
High-School Grad
64.4 sq mi
ZIP Area
799
Density / Sq Mi
$101,351
Median Household Income
$54,788
Median Earnings
$1,348
Median Rent
$338,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Blue Line Collision Center — 6710 US-10, Anoka, MN 55303
- DREAM MOTORS LLC — 6845 US-10, Ramsey, MN 55303
- Power Lodge Ramsey Service Department — 6781 US-10, Ramsey, MN 55303
- Mint AutoBody — 7129 HWY10 NW, B, Anoka, MN 55303
- Good Year — Ramsey, MN 55303
Frequently Asked Questions
What type of property is this?
Auto shop - A separate dealership area and repair operation can remain independent or be run together.
Where is this auto shop located?
The property is located at 7105 Highway 10 Nw Anoka, MN.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,586 SF automotive sales and repair building; Four total drive‑in doors and 15’ clear height; Two‑bay shop area with two 12 ft. overhead doors, plus 14 ft. service and 10 ft. dealership doors
