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Multi-Tenant Retail in Mixed-Use Building
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712-786 Main Street, Hopkins, MN 55343

Street-level retail is fully leased beneath sold-out residential condos at Marketplace Lofts.

Property Size18,495 SF
Days on Market121

Property Features for 712-786 Main Street

General Information

Standard status Active
Size 18,495 SF
Total Parking Spaces 54
Property subtype Retail, Mixed Use
Occupancy 100%
Lease Type NNN
Investment Type Stabilized
Net Operating Income $332,830

Building Details

Year Built 2003
Year Renovated 2025
Units 53
Tenancy Multi
Listing Agency: KW Commercial Eagan
Listed By: Tom Commerford · License #MN 81938
Source: Crexi
Added: May 8 Changed: Aug 31 Last Checked: Sep 2 at 4:49AM

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 KW Commercial Eagan

Investment Insights

Based on property information with market context.

The property is a 18,495 SF, multi-tenant retail component of the Marketplace Lofts mixed-use building. Street-level retail sits below 53 residential condo units, which are 100% sold out. The retail space is reported as 100% leased to a mix of local and national tenants, including Chipotle Mexican Grill, Cold Stone Creamery, Pink Ivy Kitchen & Bar, The Vine Shop/Vine Room, and others.

The building is located directly on Main Street in downtown Hopkins, described as the main drag, with a traffic count of 5,200 VPD. The remarks also note ample street, surface on-site, and public parking lot availability, including parking across 8th Street. Several multi-family redevelopment projects are underway or completed in the area, and the property is described as being blocks from the Southwest Light Rail corridor and near the Excelsior Crossings Corporate Campus, home to Cargill headquarters.

Downtown Hopkins is positioned about 10 miles from downtown Minneapolis, and the surrounding area within 5 miles is described as having over 98,000 housing units.

Key Highlights

  • 18,495 SF multi‑tenant retail property at Marketplace Lofts in Downtown Hopkins, MN
  • 100% leased to local and national tenants, including Chipotle Mexican Grill and Cold Stone Creamery
  • Street‑level retail is below 53 residential condos that are 100% sold out

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Bakery Locksmith Hotel & Motel Garden Center Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,154
Businesses Nearby
78k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 67% Dining 28% Home Improvements & Furnishings 5%
Holiday Station Store Shops & Services
21,834 visits/mo 0.4 miles
Wendy's Dining
12,623 visits/mo 0.4 miles
Dollar Tree Shops & Services
11,660 visits/mo 0.5 miles
Chipotle Mexican Grill Dining
7,049 visits/mo 0.1 miles
Shell Shops & Services
5,952 visits/mo 0.1 miles

Demographics for 55343, MN

26,307
Population
14,111
Households
1.9
Avg Household Size
38
Median Age
52%
College-Educated
97%
High-School Grad
7.7 sq mi
ZIP Area
3,416
Density / Sq Mi
$82,415
Median Household Income
$54,823
Median Earnings
$1,427
Median Rent
$350,700
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Street-level retail is fully leased beneath sold-out residential condos at Marketplace Lofts.
Where is this retail space located?
The property is located at 712-786 Main Street Hopkins, MN.
What are key features of this property?
This property features: 18,495 SF multi‑tenant retail property at Marketplace Lofts in Downtown Hopkins, MN; 100% leased to local and national tenants, including Chipotle Mexican Grill and Cold Stone Creamery; Street‑level retail is below 53 residential condos that are 100% sold out
More about this property
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