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    Kingsriter Center: Retail & Office Title is generated by Realmo AI

    800 10th St S, Minneapolis, MN

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    Versatile retail and office spaces in a high-traffic downtown location.

    Type:RETAIL
    Property size:
    10,600 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $146/SF
    Added:
    Mar 8, 2024
    Days on Market:
    822
    Last Refresh:
    May 19 at 9:33 pm

    Property Features for 800 10th St S

    General Information

    Standard status
    Active
    Size
    10,600 SF
    Lot size
    0.14 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Jeffrey LaFavre
    Jeffrey LaFavre

    Listing agent Jeffrey LaFavre

    Listing office IAG Commercial

    Listing date Mar 8, 2024

    Source Moodyscre

    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 IAG Commercial

    HighLights

    • Prime downtown location with high foot traffic and maximum exposure.
    • Versatile spaces suitable for both retail storefronts and office setups.
    • Ample parking available.
    • Walking distance to Minneapolis CBD.
    • Located on a university campus.
    • Conveniently located on bus routes.

    Overview

    The Kingsriter Center, located in a bustling downtown district, offers spaces suitable for retail storefronts and office setups. The center combines historic and contemporary design with practicality. The property has versatile spaces suited for retail storefronts and office setups. The building has main floor retail space, second floor office space, and storage in the basement. The property size is 10,600 square feet. Businesses benefit from ample parking and high foot traffic, ensuring maximum exposure and accessibility. The Kingsriter Center is conveniently located near bus routes, a prominent university campus, and within walking distance of downtown Minneapolis. The property is located on a university campus.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $221.3k $20.88
    − Vacancy −$44.7k −$4.22
    EGI $176.6k $16.66
    − OpEx −$44.2k −$4.17
    NOI $132.5k $12.50
    10,600 SF · lease $20.88/SF/yr · vacancy 20.20% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.89M
    $1.66M – $2.21M (±1% cap)
    NOI $132,465 @ 7.0% cap · market cap 8.55%
    Second Best
    Retail
    $1.82M
    $1.60M – $2.13M (±1% cap)
    NOI $127,661 @ 7.0% cap · market cap 8.24%
    Theoretical Best
    Office A
    $2.53M
    $2.21M – $2.95M (±1% cap)
    NOI $177,026 @ 7.0% cap · market cap 11.42%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    North Central University ... Academic Department

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Law Firm Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

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    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2634
    Latitude
    44.9694

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    FAQs

    What type of property is this?
    Shopping center - Versatile retail and office spaces in a high-traffic downtown location.
    Where is this shopping center located?
    The property is located at 800 10th St S Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: Prime downtown location with high foot traffic and maximum exposure.; Versatile spaces suitable for both retail storefronts and office setups.; Ample parking available.
    (612) 868-7429 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jeffrey LaFavre
    Jeffrey LaFavre
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