157th & Pilot Knob Rd Apple Valley, MN 55124
This exceptional 46-acre retail development in Apple Valley, Minnesota, presents a unique investment opportunity. Located at the intersection of 157th Street W. and Pilot Knob Road, this prime location boasts high visibility and accessibility. The project, Orchard Place, offers a total of 60,000 square feet of retail space currently available for lease across multiple buildings. The property is situated directly across from the Cobblestone Lake development and benefits from the strong presence of established anchors such as Lunds & Byerlys. Flexible space options cater to various needs, including in-line, end-cap, and freestanding units, ranging from 1,500 to 60,000 square feet. The area experiences significant ongoing residential and commercial growth, with nearby retailers such as Target and Hy-Vee, along with numerous restaurants and other businesses. Current residential development includes single-family homes, townhouses, senior/assisted living facilities, and market-rate apartments, ensuring a robust and expanding customer base. Phase 1 is complete, and Phase 2, comprising two multi-tenant buildings, is now available for lease. This is an unparalleled chance to establish a presence in a thriving and rapidly developing community within Dakota County, zip code 55124. The property is zoned for commercial use.
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Isalis (Bike/Boat/Book/etc) Store
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Party City Party Supply Store (Bike/Boat/Book/etc) Store
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Skunk Funk Big Box & Wholesale Store
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Carl's Trading Co Hat Shop
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Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
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.