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    704 98Th St Bloomington, MN 55420

    Sponsored
    For Lease
    Contact for pricing

    High-traffic retail space, multiple units available.

    Lot size:
    58,095 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Clover Shopping Center, located at 704 W 98th St, Bloomington, MN 55420, presents a compelling retail investment opportunity. This 58,095 square foot strip center enjoys a prime location at the highly visible intersection of Lyndale Avenue and 98th Street, offering excellent exposure to traffic from Highway 35W. The property is conveniently situated just blocks from Kennedy High School, ensuring a consistent flow of potential customers. Currently, there are multiple spaces available, ranging from a minimum of 893 square feet to a maximum contiguous space of 6,755 square feet. A total of 18,889 square feet is currently vacant, providing significant flexibility for prospective tenants. The center benefits from a diverse tenant mix, including both national and local businesses, creating a vibrant and well-established retail environment. This property offers a unique chance to establish a presence in a thriving Bloomington neighborhood with high visibility and strong foot traffic. The available spaces are ideal for a variety of retail uses, providing an excellent opportunity for growth and expansion. Interested parties should inquire for further details and availability.

    Property Features for 704 98Th St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    58,095 SF

    Unit(s) available at that property

    Space
    Suite 6
    Size
    2,790 SF
    Space
    Suite 3
    Size
    1,778 SF
    Space
    Suite 1A
    Size
    6,755 SF

    HighLights

    • Multiple spaces available, see site plan.
    • 58,095 SF neighborhood shopping center.
    • High‑traffic intersection of Lyndale Ave and 98th St.
    • 28,000 VPD on 98th St, 106,000 VPD on I‑35W.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.2891857
    Latitude
    44.8271184

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    FAQs

    What type of property is this?
    Neighborhood center - High-traffic retail space, multiple units available.
    Where is this neighborhood center located?
    The property is located at 704 98Th St Bloomington, MN.
    What are key features of this property?
    This property features: Multiple spaces available, see site plan.; 58,095 SF neighborhood shopping center.; High-traffic intersection of Lyndale Ave and 98th St.
    Request Owner's contact information
    704 98Th St Bloomington, MN 55420
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    Bloomington, MN 55420
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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
    704 98Th St Bloomington, MN 55420
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