Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    & Blackshire Path Blaine Ave Inver Grove Heights, MN 55076
    Back to Search
    Property profile & analytics

    & Blackshire Path Blaine Ave Inver Grove Heights, MN 55076

    View on Map
    • Retail properties & Spaces
    • 1.06 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for & Blackshire Path Blaine Ave

    Lot size
    1.06 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 1.06-acre commercial land parcel presents a unique investment opportunity in Inver Grove Heights, Minnesota. Ideally situated at the intersection of Blaine Avenue and Blackshire Path, this pad-ready site boasts unparalleled accessibility with its proximity to Highway 52 and Upper 55th Street, ensuring high visibility and convenient access for businesses and customers. The property is zoned for Planned Unit Development and Commercial use, offering flexibility for a wide range of development possibilities. Utilities are already in place, simplifying the development process and reducing upfront costs. The lot itself provides substantial frontage: 361 feet on Blaine Avenue, featuring two convenient curb cuts, and 373 feet on Blackshire Path. This generous lot size, combined with its strategic location and existing infrastructure, makes it an attractive option for developers seeking a prime location for retail, commercial, or mixed-use projects. The asking price is negotiable, making this an even more compelling investment opportunity. The property's APN is 20-36530-01-020, and it's located in Dakota County, Minnesota, with a zip code of 55076. Don't miss this chance to acquire a highly desirable commercial land parcel in a thriving Minnesota community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Inver Grove Heights
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.0553
    Latitude
    44.8632

    Comparable in this City

    • Value Estimation by Request
      3.00 Acres

      6566 Cahill Ave

      Land • 3.00 Acres
      6566 Cahill Ave, Inver Grove Heights, MN 55076
      View Details
    • Value Estimation by Request

      9070 Buchanan Trl

      Retail properties & Spaces
      9070 Buchanan Trl, Inver Grove Heights, MN 55076
      View Details
    • Value Estimation by Request
      45,000 SF

      5870 Blaine Ave

      Retail properties & Spaces • 45,000 SF
      5870 Blaine Ave, Inver Grove Heights, MN 55076
      View Details
    • Value Estimation
      $560,000
      84,992 SF

      Inver Grove

      NURSERY, GREENHOUSE, FLORIST • 84,992 SF
      Inver Grove, Heights, MN 55076
      View Details
    • Value Estimation
      $2,535,000
      20,856 SF

      6588 Cahill Ave

      DEPARTMENT STORE • 20,856 SF
      6588 Cahill Ave, Inver Grove Heights, MN 55076
      View Details
    • Value Estimation
      $10,375,000
      141,090 SF

      9165 Cahill Ave

      DEPARTMENT STORE • 141,090 SF
      9165 Cahill Ave, Inver Grove Heights, MN 55076-3542
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land for Sale

      Land available for sale in Inver Grove Heights, MN.
      7950 Blaine Ave, Inver Grove Heights, MN 55076
      View Details
    • $399,900
      0.27 Acres

      Residential Land in Inver Grove Heights

      Residential land for development in a picturesque Inver Grove Heights.
      9649-9665 Cedarwood Ct, Inver Grove Heights, MN 55076
      View Details
    • Contact for pricing

      Commercial Land in Desirable Location

      Commercial land with great visibility and local amenities.
      5505 Blaine Ave E, Inver Grove Heights, MN 55076
      View Details
    • Contact for pricing
      6,976 SF

      Freestanding Retail Building on Concord

      Freestanding retail building with open space and ample parking.
      9079 Buchanan Trl, Inver Grove Heights, MN 55076
      View Details
    • Contact for pricing

      Prime Land Parcel For Sale

      1.62 acre commercial land with high visibility.
      & Sth 55 Nec Concorde Blvd, Inver Grove Heights, MN 55076
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Former Fantastic Sam's Retail Space

      Retail space with equipment in place, ready for occupancy.
      5870 Blaine Ave E, Inver Grove Heights, MN 55076
      View Details
    • Contact for pricing

      Retail Space in Inver Grove

      Retail spaces available with high traffic and established co-tenants.
      9070 Buchanan Trl, Inver Grove Heights, MN 55076
      View Details
    • Contact for pricing
      1,965 SF

      Retail Space in Inver Grove

      Retail spaces available with high traffic and established co-tenants.
      9070-9092 Buchanan Trl, Inver Grove Heights, MN 55076
      View Details
    • Contact for pricing
      1,976 SF

      Retail Space Near Major Retailers

      Retail space available near Highways 55, 52, and Broderick Boulevard.
      9041-9061 Broderick Blvd, Inver Grove Heights, MN 55076
      View Details
    • Contact for pricing

      Retail Space Near Highway Intersection

      Retail space available near major retailers and highway intersection.
      9041 Broderick Blvd, Inver Grove Heights, MN 55076
      View Details
    • Contact for pricing
      18,262 SF

      Inver Grove Heights Clinical Space

      18,262 SF clinical space available for sublease in Inver Grove Heights.
      5565 Blaine Ave E, Inver Grove Heights, MN 55076
      View Details
    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.
    & Blackshire Path Blaine Ave
    Inver Grove Heights, MN 55076
    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

    Thank You for Inquiry
    & Blackshire Path Blaine Ave, Inver Grove Heights, MN, 55076
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!