Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Nec Concorde Blvd & Sth 55 Inver Grove Heights, MN

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $415,000

    1.62 acre commercial land with high visibility.

    Type:LAND
    Lot size:
    1.62 Acres
    Added:
    Aug 11, 2025
    Days on Market:
    234
    Last Refresh:
    Mar 29 at 11:34 pm

    Property Features for Nec Concorde Blvd & Sth 55

    General Information

    Standard status
    Active
    Lot size
    1.62 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    David Daly

    Listing agent David Daly

    Listing office CBRE - Minnesota

    Listing date Aug 11, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Minnesota

    Overview

    Prime Land Parcel For Sale

    This 1.62-acre commercial land parcel, identified as parcel #201190000010, offers great visibility from Highway 52. The location benefits from average household incomes exceeding $100,000.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Inver Grove Heights
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.034
    Latitude
    44.8295

    Nearby Similar for Sale

    • $479,000

      Inver Grove Heights Homesite

      2.5+ acre build-ready lot in desirable Inver Grove Heights.
      9380 Aladin Trail, Inver Grove Heights, MN 55077
      View Details
    • $500,000

      Inver Grove Heights Land Parcel

      0.96 acre commercial land parcel in Inver Grove Heights.
      Tbd 65th Street E, Inver Grove Heights, MN 55076
      View Details
    • $600,000

      Inver Grove Heights Commercial Land

      1.222 acre commercial land for sale in Minnesota.
      3095 65th Street E, Inver Grove Heights, MN 55076
      View Details
    • $8,486,000
      12,081 SF

      New KinderCare Lease in Minnesota

      15-year absolute net KinderCare lease in Inver Grove Heights.
      7761 Amana Trail, Inver Grove Heights, MN 55077
      View Details
    • $18

      Commercial Land For Sale

      Commercial land available for sale.
      2980 Buckley Way, Inver Grove Heights, MN 55076
      View Details
    • $399,900

      Residential Land in Inver Grove Heights

      Residential land for development in a picturesque Inver Grove Heights.
      9649-9665 Cedarwood Court, Inver Grove Heights, MN 55076
      View Details
    • $2,850,000

      Residential Development Land For Sale

      31.14 acres of prime residential development land.
      6680 S Robert Trail, Inver Grove Heights, MN 55077
      View Details
    • Contact for pricing
      5,143 SF

      Inver Grove Heights Restaurant Opportunity

      Well-maintained restaurant building near US-52 and Walmart.
      9051 Buchanan Trail, Inver Grove Heights, MN 55077
      View Details
    • $1,275,000
      6,976 SF

      Freestanding Retail Building on Concord

      Freestanding retail building with open space and ample parking.
      9079 Buchanan Trl, Inver Grove Heights, MN
      View Details
    • $1,000,000

      Land for Sale

      Land available for sale in Inver Grove Heights, MN.
      7950 Blaine Ave, Inver Grove Heights, MN
      View Details
    • Contact for pricing

      Land For Sale

      Land available at Amana Trl & Argenta Blvd, Inver Grove Heights, MN.
      Amana Trl & Argenta Blvd, Inver Grove Heights, MN
      View Details
    • $169,000

      Commercial Land Near Highway Access

      Commercial land with highway access suitable for office or medical use.
      Cahill Ave, Inver Grove Heights, MN
      View Details

    FAQs

    What type of property is this?
    Land - 1.62 acre commercial land with high visibility.
    Where is this land located?
    The property is located at Nec Concorde Blvd & Sth 55 Inver Grove Heights, MN.
    What is the asking price?
    The asking price for this property is $415,000.
    What are key features of this property?
    This property features: 1.62 Acres of Land; Great Visibility from Hwy 52; Average Household Incomes Exceeding $100,000
    (952) 924-4600
    We can help!
    Listing Contact
    David Daly
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!