1515 5Th St Hopkins, MN 55343
- Industrial properties
- 2.14 lot acres
Current Use by Public Records
- Strand Manufacturing Co / Sheet Metal Contractor
- Minnesota Chimney Repair / General Contractor
- Radiant Solutions Company / Electrical Equipment Manufacturer
- ATM Tires INC / Used Tire Shop / Atm
- felipe's auto body / Auto Body Shop
Property Details for 1515 5Th St
- Year built
- 1961
- Construction
- CONCRETE BLOCKS
- Lot size
- 2.14 lot acres
- Property type
- Industrial properties
- APN
- 25-117-22-22-0015
- APU
- 2511722220015
Description
Hopkins Business Plaza offers exceptional warehouse space in a prime Hopkins, MN location (1515 5th St S, 55343). This single, two-story building totaling 40,208 square feet, built in 1961 and renovated in 2018, features two available suites: Suite A (2,200 sq ft) and Suite B (450 sq ft), which can be combined for up to 2,650 contiguous square feet. Each suite offers 6-foot wide double-door access, ideal for storage of various items. The property boasts value-priced storage space, perfect for home furnishings, art, or other high-value goods. On-site security provides peace of mind. All utilities, heat, AC, and taxes are included in the gross annual rent of $12 per square foot. Lease terms are flexible, ranging from 1-3 years with options for 3-month extensions beyond the initial term. All terms are negotiable, but renters insurance is required. The property enjoys convenient access to Excelsior Blvd, Shady Oak Rd, and Highways 7 and 169, placing it in the heart of Hopkins' industrial district. Free off-street parking is available. The property is zoned Res-Office Mix TOD. Minimum divisible space is 450 sq ft.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,865,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,740,000
- 6.5%
- $1,730,000
- 7%
- $1,630,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,875,000
- Geo Method
- $1,975,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,400,000
- Retail
- $1,355,000
- Mixed-Use
- $1,325,000
- Hospitality
- $1,555,000
- Educational
- $1,430,000
- Residential Income
- $1,630,000
- Energy
- $1,460,000
- Income-Based Land
- $1,325,000
- Food Service
- $1,465,000
Location Insight
- Map
- Local Demand
- City
- Hopkins
- County
- Hennepin
- State
- Minnesota
- Longitude
- -93.42
- Latitude
- 44.9176
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
