Property summary
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
VerifiedCap rate & NOI
Current use
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Production Facility Metal Fabrication Plant
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Construction Company General Contractor
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Electrical Equipment Manufacturer
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Auto Parts Store Discount Store
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Auto Repair Shop
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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