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    4070 White Bear Ave White Bear Lake, MN 55110

    For Sale
    $1,700,000

    Multi-tenant retail investment, high cap rate.

    Property size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a portfolio of two retail properties situated at 4060-4070 White Bear Avenue in White Bear Lake, Minnesota, zip code 55110. The portfolio encompasses approximately 6,000 to 12,500 square feet across two buildings, situated on a combined lot size ranging from 0.26 to 0.63 acres. Currently housing seven tenants, this multi-tenant property offers a diverse income stream with a current Net Operating Income (NOI) of $170,562 and a pro-forma NOI of $187,962, translating to a current cap rate of 10.03% and a pro-forma cap rate of 11.06%. The properties are zoned B-2 (Limited Business District), allowing for a variety of uses, including retail and office spaces. One building includes a residential apartment on the second floor, adding to the property's versatility. This portfolio is ideally suited for both investors seeking a strong return and owner-users looking to establish or expand their business within a thriving community. The properties are located in a densely populated residential area, providing a substantial customer base. The asking price for this portfolio is $1,700,000. The properties can be sold separately. This is a value-add opportunity with nineteen units in total.

    Property Features for 4070 White Bear Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    6,000 SF
    Class
    B
    Lot Size
    11,326 SF

    Building Details

    Buildings
    2
    Units
    19

    HighLights

    • $1,700,000 asking price for a multi‑tenant retail portfolio.
    • Two buildings totaling 6,000 - 12,500 square feet on a .26 - .63 acre lot in White Bear Lake, MN.
    • Seven tenants currently occupy the space, generating a 10.03% cap rate ($170,562 NOI) with a pro‑forma cap rate of 11.06% ($187,962 pro‑forma NOI).
    • B‑2 (Limited Business District) zoning allows for flexible use.
    • Owner‑user or investment opportunity; includes a vacant unit in each building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hair by SaraAnn Hair Salon Urban Edge Cuts Hair Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    White Bear Lake
    County
    Ramsey
    State
    Minnesota
    Longitude
    -93.0151063
    Latitude
    45.0644377

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    FAQs

    What type of property is this?
    Lifestyle center - Multi-tenant retail investment, high cap rate.
    Where is this lifestyle center located?
    The property is located at 4070 White Bear Ave White Bear Lake, MN.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: $1,700,000 asking price for a multi-tenant retail portfolio.; Two buildings totaling 6,000 - 12,500 square feet on a .26 - .63 acre lot in White Bear Lake, MN.; Seven tenants currently occupy the space, generating a 10.03% cap rate ($170,562 NOI) with a pro-forma cap rate of 11.06% ($187,962 pro-forma NOI).
    Request Owner's contact information
    4070 White Bear Ave White Bear Lake, MN 55110
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    White Bear Lake, MN 55110
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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
    4070 White Bear Ave White Bear Lake, MN 55110
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