9591 Zachary Ln Maple Grove, MN 55369
- Retail properties
- 3,775 SF
- 0.50 lot acres
Current Use by Public Records
- Retail properties
Property Details for 9591 Zachary Ln
- Year built
- 2017
- Lot size
- 0.50 lot acres
- Property size
- 3,775 SF
- Property type
- Retail properties
Description
This exceptional 3,775 square foot Class A retail property, built in 2017, presents a compelling value-add or owner-user investment opportunity. Anchored by a Dunkin' franchisee with a 4.2-year remaining lease, this multi-tenant building offers significant in-place income. Located on a 0.5-acre lot in Maple Grove, Minnesota (APN: 1111922410015), the property enjoys a prime location on Zachary Lane N, with excellent visibility and access to Highway 610. The property features a drive-thru and ample parking (5.5 spaces per 1,000 sq ft), along with a cross-parking easement. Currently at 45% occupancy, there is 2,067 square feet available for lease or owner-user occupancy. The property benefits from its proximity to Parnassus Preparatory School and other key amenities, and sits within a thriving commercial area with a high average household income ($117,000). The asking price is $1,600,000 ($423.84/sq ft), representing a strong potential return on investment. The property is zoned for commercial use and offers significant growth potential. This is a rare opportunity to acquire a high-quality asset in a desirable location with established income and upside potential. The property's location provides excellent ingress and egress via State Highway 610, Zachary Lane N (County Road 202), and County Road 81, with traffic counts reaching 46,200 vehicles per day. The building is a freestanding structure with a NNN lease type.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Maple Grove
- County
- Hennepin
- State
- Minnesota
- Longitude
- -93.4229
- Latitude
- 45.1287
