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    8151 University Ave Spring Lake Park, MN 55432

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    For Lease
    Contact for pricing

    Spring Lake Park, MN Retail Space Available

    Lot size:
    6,215 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail opportunity presents 6,215 square feet of vacant space within the University IV Shopping Center, located at 8151-8255 University Avenue in Spring Lake Park, Minnesota, Anoka County (zip code 55432). The property boasts a prominent location at the intersection of 81st Avenue and University Avenue, offering excellent visibility and frontage along University Avenue. The center is situated in west Spring Lake Park, conveniently located just north of Minneapolis. The entire 6,215 square foot building is currently available for lease, offering flexibility for various retail concepts. Individual spaces can be leased, with a minimum divisible space of 1,373 square feet and a maximum contiguous space of 3,251 square feet. The property sits on a sizable 55,715 square foot lot. The shopping center is anchored by Advance Auto Parts and Empire Beauty Schools, providing strong co-tenancy and drawing significant foot traffic. This presents a unique chance to establish a retail presence in a well-established and highly visible location. The property is classified as a multi-tenant shopping center. This prime retail space is ready for immediate occupancy.

    Property Features for 8151 University Ave

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,215 SF

    Unit(s) available at that property

    Space
    5
    Size
    1,012 SF
    Space
    Suite 14
    Size
    1,373 SF

    HighLights

    • High‑traffic retail center in a strong location.
    • 31,000 average annual daily traffic count (AADT).
    • 55,715 square feet of gross leasable area (GLA).
    Property Profile Location Intelligence

    Current Use by Public Records

    University IV Tobacco Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring Lake Park
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2624692
    Latitude
    45.1166543

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    FAQs

    What type of property is this?
    Lifestyle center - Spring Lake Park, MN Retail Space Available
    Where is this lifestyle center located?
    The property is located at 8151 University Ave Spring Lake Park, MN.
    What are key features of this property?
    This property features: High-traffic retail center in a strong location.; 31,000 average annual daily traffic count (AADT).; 55,715 square feet of gross leasable area (GLA).
    Request Owner's contact information
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    Spring Lake Park, MN 55432
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8151 University Ave Spring Lake Park, MN 55432
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