Technical
Financial
Distress signals
Property profile

14800 Granada Ave Apple Valley, MN 55124

FOR LEASE
Strip malls
Property ID
US46-0641571
17,000 SF 0.96 ac lot Built 1973
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents the Granada Shopping Center, a well-maintained, two-building retail and office complex ideally situated in the heart of Apple Valley, Minnesota. Boasting a total of 41,300 square feet on a 1.13-acre lot, this Class B property offers multiple tenancy options, perfect for a variety of medical office uses or storefront businesses. Originally constructed in 1974 and extensively renovated in 2018, the property features single-story buildings with excellent visibility from the intersection of 147th Street West and Granada Avenue, providing high exposure to significant traffic volume. The property's location on the northwest quadrant of County Road 42 (Cedar Avenue) ensures prime accessibility and visibility. The zoning is RB - Retail Business, allowing for a range of commercial uses. Located in the Southeast submarket of Dakota County, the Granada Shopping Center benefits from abundant parking for both tenants and customers. Individual suites range in size up to 3,971 square feet, offering flexibility for various business needs. This property presents a rare opportunity to acquire a well-positioned, updated commercial center in a thriving Minnesota community. The address is 14800 Granada Ave, Apple Valley, MN 55124.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1973
Construction CONCRETE
Total area 17,000 SF
Lot 0.96 ac (41,818 SF)
Zoning code R
APN 01-81200-02-010
UPID US46-0641571

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Pharmacy
  • Physician
  • Physician

Location

14800 Granada Ave Apple Valley, MN 55124
Apple Valley metro Census 60811 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.92M
Blend (final) Blend
$1.52M

Owner & transaction history

Zoning & alternative use

R · Apple Valley, MN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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