Updated Flex
For Sale
$3,500,000
9130 Grand Ave S, Bloomington, MN 55420
Flex facility featuring refreshed finishes and a reworked office area.
Property Size38,083 SF
Price / SF$91.90
Days on Market86
Property Features for 9130 Grand Ave S
General Information
Standard status
Active
Size
38,083 SF
Building Details
Year Built
1964
Listing Agency:
NAI Gateway Commercial
Listed By:
Patrick Corbett · License #40472866
(952) 797-9999
Source:
Homesearchlive
Added: Jul 24
Changed: Oct 9
Last Checked: Oct 7 at 5:43PM
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 NAI Gateway Commercial
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Investment Insights
Based on property information with market context.
This 38,083-square-foot flex space at 9130 Grand Ave S in Bloomington, Minnesota, combines industrial functionality with recently improved interior components. Work completed at the property includes updated paint, upgraded lighting, and a fully reworked office area.
The property’s flex configuration supports a range of commercial occupancy needs within a single facility. Its improvements focus on both the general interior presentation and office portion of the building, creating a more current setting for business operations.
The property’s flex configuration supports a range of commercial occupancy needs within a single facility. Its improvements focus on both the general interior presentation and office portion of the building, creating a more current setting for business operations.
Key Highlights
- 38,083‑square‑foot flex space
- Located at 9130 Grand Ave S in Bloomington, MN
- Updated interior paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$313,682
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,273,640
$6.3M
Cap Rate 7%
$4,481,171
$4.5M
Cap Rate 9%
$3,485,356
$3.5M
Market Conditions
NOI Build-Up for 38,083 SF
Gross rent
$548.4K $14.40/SF
− Vacancy
−$65.8K −$1.73/SF
EGI
$482.6K $12.67/SF
− OpEx
−$168.9K −$4.44/SF
NOI
$313.7K $8.24/SF
Area
Hennepin County, MN
Vacancy
12.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,273,640
Cap Rate 7%
$4,481,171
Cap Rate 9%
$3,485,356
Alternative Uses
Best Use
Warehouse
$7.18M
$6.28M – $8.37M
NOI $502,378 @ 7.0% cap · market cap 14.35%
Second Best
Industrial
$5.91M
$5.17M – $6.90M
NOI $413,723 @ 7.0% cap · market cap 11.82%
Theoretical Best
Office A
$9.09M
$7.95M – $10.60M
NOI $636,007 @ 7.0% cap · market cap 18.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
627
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55420, MN
23,128
Population
9,638
Households
2.4
Avg Household Size
39
Median Age
31%
College-Educated
86%
High-School Grad
6.7 sq mi
ZIP Area
3,452
Density / Sq Mi
$77,539
Median Household Income
$42,441
Median Earnings
$1,277
Median Rent
$306,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Twist Of Soul Catering LLC — Bloomington, MN 55431
Frequently Asked Questions
What type of property is this?
Flex space - Flex facility featuring refreshed finishes and a reworked office area.
Where is this flex space located?
The property is located at 9130 Grand Ave S Bloomington, MN.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 38,083‑square‑foot flex space; Located at 9130 Grand Ave S in Bloomington, MN; Updated interior paint
