6200 56Th AveCrystal, MN 55429

  • Other commercial real estate
  • 1.84 AC
For Lease

Property Details for 6200 56Th Ave

Year built
1970
Construction
STEEL FRAME
Lot size
1.84 AC
Property type
Other commercial real estate
APN
04-118-21-32-0105
APU
411821320105

Description

Crystal Crossing offers 5,000 square feet of retail space in a highly visible location at the northwest corner of a major intersection in the Crystal/New Hope area of Hennepin County, Minnesota. Built in 1970, this multi-tenant property boasts a strong existing tenant mix, including a well-established daycare and liquor store, ensuring consistent foot traffic and a vibrant atmosphere. The property benefits from exceptional visibility from Highway 81, a major thoroughfare with nearly 30,000 vehicles passing daily, providing unparalleled exposure for your business. This prime retail space presents a unique opportunity to establish or expand your presence in a thriving community. The 5,000 square feet of vacant space offers significant potential for a variety of retail uses, capitalizing on the high volume of traffic and the existing synergy with complementary businesses. The location's strategic placement at the most trafficked corner in the Crystal/New Hope area guarantees maximum visibility and accessibility for customers. This is an exceptional opportunity to secure a prominent retail space in a well-established and high-traffic location. The property's existing tenants contribute to a bustling and successful commercial environment, creating a supportive and thriving business community.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $16,877,146
    Hospitality
    $15,459,374
    Educational
    $12,862,018
    Medical
    $13,304,362
    Retail
    $20,007,584
6200 56Th Ave, Crystal, Minnesota
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Location Insight

City
Crystal
County
Hennepin
State
Minnesota
Latitude
45.0554
Longitude
-93.3599
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
$28,508
$271,000
$630,000
$901,000
-
$271,000
$630,000
$901,000

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