500 Jefferson Hwy Champlin, MN 55316
- Commercial real estate
- 1.45 lot acres
Current Use by Public Records
- Dr. Kurt A. Bender, DDS / Dental Clinic / Dentist
- Champlin's Best Laundromat / Laundromat / Laundry
Property Details for 500 Jefferson Hwy
- Year built
- 1966
- Construction
- STEEL FRAME
- Lot size
- 1.45 lot acres
- Property type
- Commercial real estate
- APN
- 19-120-21-31-0043
- APU
- 1912021310043
Description
This exceptional 2,500 square foot retail space is situated in a highly visible, back corner unit of a Champlin strip mall at 500 Jefferson Highway N, Unit 510. The property boasts ample parking both in front and behind the building, ensuring convenient access for customers and employees. The unit features two bathrooms and offers the flexibility of a build-to-suit option, allowing you to customize the space to perfectly meet your business needs. Benefit from two convenient entrances, one at the front and one at the rear of the unit, enhancing accessibility and customer flow. This prime retail location is available with a favorable 3-year lease, including an option to extend, providing long-term stability for your business. Please note that this space is not suitable for barber shops, event centers, or businesses involving alcohol sales. The property sits on a 1.45-acre lot, providing ample space and visibility within the bustling Champlin commercial district. This is a fantastic opportunity for a business seeking a well-located, adaptable retail space with excellent parking and lease terms. The asking price is $2,999. Contact us today to schedule a viewing and explore the possibilities.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,995,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,935,000
- 6.5%
- $2,105,000
- 7%
- $1,995,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,680,000
- Geo Method
- $1,675,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,085,000
- Retail
- $1,830,000
- Mixed-Use
- $1,920,000
- Hospitality
- $2,205,000
- Educational
- $1,940,000
- Residential Income
- $1,925,000
- Energy
- $1,695,000
- Income-Based Land
- $1,625,000
- Food Service
- $1,655,000
Location Insight
- Map
- Local Demand
- City
- Champlin
- County
- Hennepin
- State
- Minnesota
- Longitude
- -93.393
- Latitude
- 45.1843
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
