38500 Tanger Dr North Branch, MN 55056
This exceptional 145,432 square foot, single-story Class B shopping center in North Branch, Minnesota, presents a unique investment opportunity. Located at 38500 Tanger Dr, 55056, this 15-acre property boasts 67,194 square feet of immediately available space, divisible into units ranging from 2,628 to 13,600 square feet. Built in 1992 and zoned B-3, the center offers ample parking (7.44 spaces per 1,000 square feet) and is conveniently situated 40 miles north of the Twin Cities off I-35W, providing easy access to a thriving regional market. The property benefits from its location along a major route connecting the Twin Cities to popular recreational destinations, including Duluth-Superior and the Hinkley Casino. North Branch's robust economy, evidenced by its high sales per capita in Minnesota, creates a strong foundation for business growth. The property is ideal for established businesses and innovative concepts seeking to capitalize on this dynamic market. Thirteen spaces are currently available. This is a chance to establish a presence in a rapidly growing community with high consumer spending.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.