10620 Baltimore NE St Blaine, MN 55449-4503
Property profile & analytics
10620 Baltimore NE St Blaine, MN 55449-4503
- Commercial real estate
- 5,713 SF
Property ID
US46-0807594
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 10620 Baltimore NE St
- Year built
- 2021
- Property size
- 5,713 SF
- Property type
- Commercial real estate
- APN
- 20-31-23-13-0032
- APU
- 203123130032
Description
This exceptional investment opportunity presents a 5,487 square foot, multi-tenant retail property in Blaine, Minnesota, boasting a 6.00% cap rate and a strong NOI of $179,485. The property is 100% occupied by two established national brands: Five Guys and Crisp & Green, ensuring consistent cash flow. Crisp & Green's lease includes a 2.00% annual rent increase over the remaining 6 years and 10 months, while Five Guys' lease features 5.00% rent increases every 5 years with 7 years and 4 months remaining. The Five Guys tenant, North Star Dining MN, LLC, operates 18 locations, and Crisp & Green's tenant, Slinging Green, LLC, operates 2. Strategically located on Highway 65, the property benefits from an average daily traffic count of 54,642 vehicles. This prime location is surrounded by a robust retail environment, including Super Target, Menards, Planet Fitness, and other major retailers. The property's strong demographics are highlighted by a population of 181,548 within a 5-mile radius and an average household income of $114,563. Its proximity to the National Sports Center, a major North American amateur sports complex attracting over 4 million visitors annually, and the TPC Twin Cities Golf Course, home to a PGA Champions Tour event, further enhances its appeal. Built in 2021, this 1.23-acre property offers a secure and profitable investment opportunity in a thriving Minnesota market. The property's location near major roadways and high-traffic areas ensures excellent visibility and accessibility for both tenants and customers. This is a rare opportunity to acquire a well-positioned, high-performing retail property with established tenants and significant growth potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,635,000
- ML approach
- $2,645,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Blaine
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.234
- Latitude
- 45.1629
- 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
2024
$50,640
$434,000
$1,533,600
$1,967,600
-
$434,000
$1,533,600
$1,967,600
