Property profile

1515 5th S St 2 Hopkins, MN 55343

OFF-MARKET
Industrial properties
Property ID
US46-0463668
2.14 ac lot Built 1961
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Hopkins Business Plaza offers exceptional warehouse space in a prime Hopkins, MN location (1515 5th St S, 55343). This single, two-story building totaling 40,208 square feet, built in 1961 and renovated in 2018, features two available suites: Suite A (2,200 sq ft) and Suite B (450 sq ft), which can be combined for up to 2,650 contiguous square feet. Each suite offers 6-foot wide double-door access, ideal for storage of various items. The property boasts value-priced storage space, perfect for home furnishings, art, or other high-value goods. On-site security provides peace of mind. All utilities, heat, AC, and taxes are included in the gross annual rent of $12 per square foot. Lease terms are flexible, ranging from 1-3 years with options for 3-month extensions beyond the initial term. All terms are negotiable, but renters insurance is required. The property enjoys convenient access to Excelsior Blvd, Shady Oak Rd, and Highways 7 and 169, placing it in the heart of Hopkins' industrial district. Free off-street parking is available. The property is zoned Res-Office Mix TOD. Minimum divisible space is 450 sq ft.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1961
Construction CONCRETE BLOCKS
Lot 2.14 ac (93,291 SF)
APN 25-117-22-22-0015
UPID US46-0463668

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
  • Production Facility Metal Fabrication Plant
  • Construction Company General Contractor
  • Electrical Equipment Manufacturer
  • Auto Parts Store Discount Store
  • Auto Repair Shop

Location

1515 5th S St, Unit 2 Hopkins, MN 55343-7806
Hopkins metro Census 23300 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.83M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.87M

Owner & transaction history

since 2021
Last sale
$1.8M
7 recorded transactions
2021
$1.8M
2017
Price N/A
2017
$237,718
2017
$237,718
1969
Price N/A
1969
Price N/A
1969
Price N/A

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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