Property profile

3527-3557 Lexington Ave Shoreview, MN 55126

OFF-MARKET
Retail properties & Spaces
53,000 SF Built 1974
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Property summary

AI-generated overview

Arden Plaza Retail Center, located at 3527-3557 North Lexington Avenue in Arden Hills, Minnesota, presents a unique retail investment opportunity. This 53,000 square foot center, built in 1974, features a single suite of 7,066 square feet currently available for lease. The property boasts a diverse tenant mix including restaurants, a grocery store, hardware store, and salon/spa, creating a vibrant and attractive shopping destination. Situated on Lexington Avenue North, a high-traffic thoroughfare with 31,353 vehicles per day, Arden Plaza benefits from excellent visibility and accessibility. Ample parking is provided with 428 surface stalls, offering an 8.1:1,000 square foot ratio. The center's strategic location at the intersection of Lexington Avenue and County Road E provides easy access from the northern Twin Cities metro area. Furthermore, its proximity to I-694, I-35E, and I-35W ensures convenient freeway access. The surrounding area features 2.5 million square feet of office space within a two-mile radius, along with attractive residential neighborhoods, lakes, parks, and trails, contributing to a strong customer base. This remodeled center offers a compelling opportunity for businesses seeking a high-visibility location in a thriving community within Ramsey County, zip code 55126.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1974
Total area 53,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3527-3557 Lexington Ave Shoreview, MN 55126
Shoreview metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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