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    5101 98Th Street Cir Bloomington, MN 55437

    Sponsored
    For Lease
    Contact for pricing

    Bloomington retail space, multiple units available.

    Lot size:
    140,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Normandale Village, located at 5101 98th Street West in Bloomington, Minnesota, 55437, offers exceptional retail opportunities. This Hennepin County property boasts a total of 140,400 square feet of commercial space, with multiple tenancies available. Currently, 6,410 square feet of vacant space is ready for immediate occupancy, divisible into units ranging from a minimum of 1,570 square feet to a maximum contiguous space of 4,840 square feet. The property benefits from a prime location in Bloomington, a thriving suburb just 12 miles south of Minneapolis and home to the Mall of America, a major tourist destination attracting over 40 million visitors annually. This high-traffic area ensures significant exposure for businesses operating within Normandale Village. The center is anchored by Lunds & Byerlys, a well-established and reputable grocery store, further enhancing the property's appeal and drawing a consistent flow of customers. This presents a unique chance to establish a presence in a bustling retail environment with strong existing tenants and a large, established customer base. The flexible space options cater to a variety of business needs, making it an ideal location for both established businesses seeking expansion and new ventures looking for a strong foothold in a high-traffic area.

    Property Features for 5101 98Th Street Cir

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    140,400 SF

    Unit(s) available at that property

    Space
    Suite 5147A
    Size
    1,570 SF
    Space
    Suite 5145
    Size
    4,840 SF

    HighLights

    • Anchored by Lunds & Byerlys grocery store.
    • Located in Bloomington, MN, 12 miles south of Minneapolis, in a high‑income area with over 61,800 residents within a three‑mile radius.
    • High‑traffic location near the Mall of America, attracting over 40 million annual visitors.
    • Situated at the intersection of 98th Street and Normandale Boulevard, experiencing over 31,000 vehicles per day.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply 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
    Bloomington
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.3471806
    Latitude
    44.8249342

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    FAQs

    What type of property is this?
    Retail property - Bloomington retail space, multiple units available.
    Where is this retail property located?
    The property is located at 5101 98Th Street Cir Bloomington, MN.
    What are key features of this property?
    This property features: Anchored by Lunds & Byerlys grocery store.; Located in Bloomington, MN, 12 miles south of Minneapolis, in a high-income area with over 61,800 residents within a three-mile radius.; High-traffic location near the Mall of America, attracting over 40 million annual visitors.
    Request Owner's contact information
    5101 98Th Street Cir Bloomington, MN 55437
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    Bloomington, MN 55437
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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
    5101 98Th Street Cir Bloomington, MN 55437
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