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    7801- Southtown Dr Bloomington, MN 55431

    Sponsored
    For Lease
    Contact for pricing

    Prime Retail Space, Twin Cities Location

    Lot size:
    529,559 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Southtown Shopping Center presents a significant retail opportunity in Hennepin County. This 529,559 square foot regional power center boasts a prime location at the heavily trafficked intersection of I-494 and I-35W, directly across I-494 from Best Buy's corporate headquarters. The center benefits from exceptional visibility and curb appeal, enhanced by multiple entry points. With a strong tenant mix, this open-air center offers spaces ranging from 1,600 square feet to a maximum contiguous space of 128,771 square feet. Two spaces are currently available. The high traffic volume is undeniable, with 176,000 vehicles per day on I-494, 119,000 vehicles per day on I-35W, and 26,500 vehicles per day on Penn Ave S. This translates to significant exposure for businesses seeking a location with high visibility and accessibility. The property's size and strategic location make it ideal for a variety of retail uses, offering a compelling investment opportunity within a thriving commercial area. The proximity to Best Buy's corporate headquarters and its substantial workforce provides a built-in customer base.

    Property Features for 7801- Southtown Dr

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    529,559 SF

    Unit(s) available at that property

    Space
    Suite 517-518
    Size
    5,000 SF
    Space
    Suite 513-515
    Size
    7,071 SF

    HighLights

    • Retail strip center totaling 529,559 square feet.
    • Two spaces available, ranging from 1,600 to 128,771 square feet.
    • Located at a high‑traffic intersection of I‑494 and I‑35W in Hennepin County, near Best Buy's corporate headquarters.
    • High visibility and multiple entry points.
    • Daily traffic counts exceed 176,000 vehicles on I‑494, 119,000 on I‑35W, and 26,500 on Penn Ave S.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Map

    City
    Bloomington
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.3038012
    Latitude
    44.8603122

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Retail Space, Twin Cities Location
    Where is this neighborhood center located?
    The property is located at 7801- Southtown Dr Bloomington, MN.
    What are key features of this property?
    This property features: Retail strip center totaling 529,559 square feet.; Two spaces available, ranging from 1,600 to 128,771 square feet.; Located at a high-traffic intersection of I-494 and I-35W in Hennepin County, near Best Buy's corporate headquarters.
    Request Owner's contact information
    7801- Southtown Dr Bloomington, MN 55431
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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
    7801- Southtown Dr Bloomington, MN 55431
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