Property profile

0 109Th Ave Blaine, MN 55449

OFF-MARKET
Retail properties & Spaces
594,158 SF 13.64 ac lot
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Property summary

AI-generated overview

This exceptional commercial real estate offering presents a unique opportunity to establish a presence within the thriving Lexington Meadows development in Blaine, Minnesota. The property encompasses 13.64 acres of land, featuring five available retail spaces totaling 594,158 square feet. Individual spaces range from a minimum of 42,689 square feet to a maximum contiguous space of 211,266 square feet, providing flexibility for various retail concepts. Located in Anoka County, this development benefits from its strategic position near major roadways, including Highway 10 and Interstate 35W, ensuring high visibility and accessibility. The site boasts a Planned Business District zoning, allowing for a diverse range of uses, including grocery stores, restaurants, theaters, banks, hotels, medical facilities, and office spaces. The area is experiencing significant residential growth, with new senior housing, multi-family units, and owner-occupied homes recently completed or under construction, creating a substantial and expanding customer base. The property's proximity to recently opened retail establishments, such as Lexside Shops and a Kwik Trip, further enhances its appeal and potential for success. High traffic counts exceeding 36,000 vehicles per day at the nearby intersection of 109th Avenue NE and Lexington Avenue underscore the exceptional visibility and accessibility of this prime retail location. This development offers a compelling investment opportunity within a dynamic and rapidly growing community.

Property profile

Verified
Property type Retail properties & Spaces
Total area 594,158 SF
Lot 13.64 ac (594,158 SF)

Cap rate & NOI

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

Location

109Th Ave Blaine, MN 55449
Blaine 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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