Financial
Distress signals
Property profile

2201 37Th Ave NE Columbia Heights, MN 55421

FOR LEASE
Other commercial real estate
Property ID
US46-0998776
42,072 SF 3.02 ac lot Built 1969
Last sale Jun 2022 · $50,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a commercial space within a shopping plaza, configured to support a range of potential uses, including grocery or retail, wholesale operations, warehousing, restaurant use, event or wedding center activities, day care, and professional office uses. The space has a total area of 7,500 square feet.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$83k
Tax billed · 2024
Assessed value$2.63M
Assessed land$1.31M
Assessed improvement$1.33M
Effective rate3.14%

Value estimate

· Sep 2026
$4.21M
$3.79M – $4.63M
AI approach$4.40M
Submarket $/SF estimate$3.92M
NOI build-up
Gross scheduled income$234k
Vacancy & credit loss−$52k
Operating expenses−$55k
NOI · 1,063,333.33% cap applied$128k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$176/SF
ZIP average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$79 – $276
Qualifying comparables3

Cap rate analysis

How does the asset earn?
1,063,333.33%
$128k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionANOKA

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm31.1
Realty agency30.8
Restaurant21.8

Location

2201 37Th Ave NE Columbia Heights, MN 55421
County assessor Recorded deeds · 6 transfers 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4880 Central NE, Hilltop, MN 55421-1950 $4,200,000 Mar 2024 13,572 SF
999 50th NE, Columbia Heights, MN 55421-1900 $800,000 Jun 2022 12,446 SF
775 53rd NE, Fridley, MN 55421-1240 $2,153,845 Feb 2022 8,880 SF
4110 Central NE, Columbia Heights, MN 55421-2962 $2,750,000 Jul 2021 32,400 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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