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    Property profile & analytics
    OFF-MARKET Estimated value $1,800,000
    Industrial properties

    1515 5th S St 2, Hopkins, MN 55343-7806

    2.14 ac lot Built 1961
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US46-0463668
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Strand Manufacturing Co Production Facility Metal Fabrication Plant
    • Minnesota Chimney Repair Construction Company General Contractor
    • Radiant Solutions Company Electrical Equipment Manufacturer
    • ATM Tires INC Auto Parts Store Discount Store
    • felipe's auto body Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.83M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.80M
    Owner & transaction history
    Jasper Ventures LLC · 5 yrs held
    Jasper Ventures LLC
    since 2021
    Last sale
    $1.8M
    7 recorded transactions
    2021
    $1.8M
    2017
    2017
    $237,718
    2017
    $237,718
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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