11401 Marketplace N Dr Champlin, MN 55316-3794
Property profile & analytics
11401 Marketplace N Dr Champlin, MN 55316-3794
- Commercial real estate
- 1.68 lot acres
Property ID
US46-0774882
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
- Walgreens Pharmacy / Pharmacy
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- Western Union / Bank / Credit Union
- Cardtronics ATM / Atm
- COVID-19 Drive-Thru Testing at Walgreens / Pharmacy
Property Details for 11401 Marketplace N Dr
- Year built
- 1998
- Construction
- STEEL FRAME
- Lot size
- 1.68 lot acres
- Property type
- Commercial real estate
- APN
- 31-120-21-13-0094
- APU
- 3112021130094
Description
This exceptional investment opportunity presents a Walgreens located at 11401 N. Marketplace Drive North, Champlin, MN 55316, in Hennepin County. The property is a retail building currently operating as a pharmacy/drug store, offered at an asking price of $3,287,475. The lease includes a percentage rent formula, and is structured as a Modified NNN lease. Tenant responsibilities under the lease include real estate taxes, building insurance, liability insurance, operating expenses, maintenance of parking areas (excluding capital expenses), and maintenance (and replacement) of HVAC, plate glass, and interior. Landlord responsibilities encompass building exterior maintenance, parking area capital expenses, and structural components of the building, including the roof. A key feature of this lease is the tenant's option to terminate the lease after the initial 20-year term, and every five years thereafter, with six months' prior written notice. The next potential termination date is March 31, 2029. This presents a strong, long-term investment opportunity with built-in flexibility. The property's location in Champlin, Minnesota, offers excellent visibility and accessibility within a thriving retail market. This is a rare chance to acquire a well-established, income-producing property anchored by a national pharmacy chain.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,945,000
- ML approach
- $3,975,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Champlin
- County
- Hennepin
- State
- Minnesota
- Longitude
- -93.3904
- Latitude
- 45.1598
- 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
$98,129
$732,000
$2,734,000
$3,466,000
-
$732,000
$2,734,000
$3,466,000
