8151 University Ave Spring Lake Park, MN 55432
This exceptional retail opportunity presents 6,215 square feet of vacant space within the University IV Shopping Center, located at 8151-8255 University Avenue in Spring Lake Park, Minnesota, Anoka County (zip code 55432). The property boasts a prominent location at the intersection of 81st Avenue and University Avenue, offering excellent visibility and frontage along University Avenue. The center is situated in west Spring Lake Park, conveniently located just north of Minneapolis. The entire 6,215 square foot building is currently available for lease, offering flexibility for various retail concepts. Individual spaces can be leased, with a minimum divisible space of 1,373 square feet and a maximum contiguous space of 3,251 square feet. The property sits on a sizable 55,715 square foot lot. The shopping center is anchored by Advance Auto Parts and Empire Beauty Schools, providing strong co-tenancy and drawing significant foot traffic. This presents a unique chance to establish a retail presence in a well-established and highly visible location. The property is classified as a multi-tenant shopping center. This prime retail space is ready for immediate occupancy.
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
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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.