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    7500 42 Ave New Hope, MN 55427

    For Lease
    Contact for pricing

    9,600 SF Multi-Tenant Storefront Available

    Lot size:
    9,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail property, located at 7500-7560 42nd Ave N in New Hope, Minnesota, offers 9,600 square feet of completely vacant space, ideal for multiple tenants. Built in 2006, the property boasts a modern design and is situated in Hennepin County, zip code 55427. The building is configured to accommodate various business needs, with spaces ranging from a minimum of 1,200 square feet to a maximum contiguous space of 3,600 square feet. This flexibility allows for a diverse range of tenants, from smaller boutiques to larger retail operations. Ample parking is provided with 150 spaces available for customers and employees. The property's location in New Hope offers excellent visibility and accessibility, making it an attractive option for businesses seeking a thriving retail environment. The property is classified as a multi-tenant storefront, providing opportunities for synergistic businesses to co-locate. This presents a unique chance to establish a vibrant retail hub in a desirable location. The entire 9,600 square feet is currently vacant, presenting a blank canvas for a new retail development or a strategic expansion for an existing business. This property is ready for immediate occupancy.

    Property Features for 7500 42 Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,600 SF

    Building Details

    Year Built
    2006

    Unit(s) available at that property

    Space
    Suite 7530
    Size
    1,600 SF
    Space
    2nd Floor Space 1
    Size
    1,200 SF
    Space
    Suite 7550
    Size
    1,200 SF
    Space
    2nd Floor Available Space 2
    Size
    1,200 SF

    HighLights

    • High‑visibility location on Main Street in New Hope.
    • Hard corner lot with excellent visibility, adjacent to YMCA, Pub 42, and a multi‑tenant office building.
    • Well‑maintained shopping center.
    • Ample parking available.
    • Excellent co‑tenancy with Dunkin', McDonald's, El Loro, Life Time Fitness, Taco John's, Hy‑Vee, Applebee's, Dollar Tree, and CSL Plasma.
    • Prominent monument signage opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Carol Akers Dentist HearingLife of New Hope ... Doctor Alba Bilani Dentist Gentle Dentistry – New ... Dentist Carl Reitz Dentist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    New Hope
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.375753056541
    Latitude
    45.03335635678

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    FAQs

    What type of property is this?
    Individual retail property - 9,600 SF Multi-Tenant Storefront Available
    Where is this individual retail property located?
    The property is located at 7500 42 Ave New Hope, MN.
    What are key features of this property?
    This property features: High-visibility location on Main Street in New Hope.; Hard corner lot with excellent visibility, adjacent to YMCA, Pub 42, and a multi-tenant office building.; Well-maintained shopping center.
    Request Owner's contact information
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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
    7500 42 Ave New Hope, MN 55427
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