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Property profile

157th & Pilot Knob Rd Apple Valley, MN 55124

OFF-MARKET
Retail properties & Spaces
60,000 SF
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Total area 60,000 SF

Cap rate & NOI

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

Location

157th & Pilot Knob Rd Apple Valley, MN 55124
Apple Valley 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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