1011 1St StHopkins, MN 55343

  • Other commercial real estate
  • 0.89 AC
For Sale
$3,950,000 View listing

Property Details for 1011 1St St

Year built
1974
Construction
STEEL FRAME
Lot size
0.89 AC
Property type
Other commercial real estate
APN
24-117-22-34-0245
APU
2411722340245

Description

This exceptional 47,844 square foot office building presents a unique owner-occupancy opportunity in the desirable west end of downtown Hopkins, Minnesota. Strategically located just one block south of Main Street, between 10th and 11th Avenues, this property boasts unparalleled access and visibility. The 1.04-acre lot provides ample parking, a significant advantage in a bustling downtown area. The building's size and location make it ideal for a variety of businesses seeking a prominent presence in a thriving community. This is a rare chance to acquire a substantial commercial property in a highly sought-after area of Hopkins. The building's prime location offers easy access to major transportation routes, ensuring convenient commutes for employees and clients alike. The substantial square footage allows for flexible configuration to suit diverse business needs. This is an exceptional opportunity for a business seeking to establish or expand its operations in a vibrant and accessible location. The combination of size, location, and parking makes this property a truly compelling investment. Don't miss this chance to own a significant piece of Hopkins' commercial landscape. Serious inquiries only.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $8,158,472
    Hospitality
    $7,473,117
    Educational
    $6,217,546
    Medical
    $6,431,376
    Retail
    $9,671,737
1011 1St St, Hopkins, Minnesota

Location Insight

City
Hopkins
County
Hennepin
State
Minnesota
Latitude
44.9228
Longitude
-93.4135
CBSA code
33460
CBSA name
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$189,031
$656,000
$4,844,000
$5,500,000
-
$656,000
$4,844,000
$5,500,000

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