Property summary
This exceptional retail space, located at 3999 Rice Street in Shoreview, Minnesota (zip code 55126), presents a unique investment opportunity. The property, known as Gramsie Square, is a charming neighborhood center ideally situated for quick-stop convenience. Currently, 957 square feet are immediately available, with the potential to expand to a maximum contiguous space of 8,000 square feet. The property's classification is retail, specifically a shopping center with multiple tenancies. The building's total square footage is 957 square feet, making it perfect for a variety of retail uses. Its location on the commuter side of the street, surrounded by residential areas, ensures high visibility and foot traffic. The property also offers the exciting possibility of pad site development, further enhancing its investment potential. Located in Ramsey County, this property boasts a strategic position within a thriving community. Annual property taxes are $4.49 per square foot. This is an exceptional chance to acquire a well-positioned retail space in a desirable Minnesota market. The property's smaller square footage options are particularly attractive to businesses seeking efficient and cost-effective spaces.
Property profile
VerifiedCap rate & NOI
Current use
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Take-out & Catering Catering Service
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Restaurant
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Alternative Medicine Practice
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Clothing Store Thrift Store
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(Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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