15850 87th NE St Otsego, MN 55330-6584
Property profile & analytics
15850 87th NE St Otsego, MN 55330-6584
- Strip malls
- 24,376 SF
- 6.09 lot acres
Property ID
US46-1542384
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
- Napa Valley Liquors / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
- Artura Dental / Dental Office
- Parker’s Lot / Parking Lot & Garage
- Smile Orthodontics | Otsego / Dental Office
- UPS Access Point location / Courier Service / Postal Service
Property Details for 15850 87th NE St
- Year built
- 2008
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 6.09 lot acres
- Property size
- 24,376 SF
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 118-239-001030
- APU
- 118239001030
Description
This exceptional investment opportunity presents a 25,460-square-foot, single-story shopping center in Otsego, Minnesota. Built in 2008, the property boasts a 100% occupancy rate with a diverse mix of strong tenants, ensuring a stable income stream. The center benefits from a prominent location, shadow-anchored by a SuperTarget, driving significant foot traffic and visibility. Key tenants include national credit tenants like Michael's Craft Stores, along with established local businesses such as Smile Orthodontics, Great Clips, Artura Dental, and Napa Valley Liquors. The property operates under a triple-net (NNN) lease structure, minimizing landlord responsibilities. With a stabilized investment profile and a compelling 7.50% capitalization rate, this shopping center represents a rare opportunity for investors seeking a secure and high-yielding addition to their portfolio. The property is located at 15850 87th St NE, Otsego, MN 55330, in Wright County. The address is easily accessible and situated within a thriving retail corridor. This is a multi-tenant property offering a diversified income stream and long-term growth potential. The property's strong tenant roster and prime location make it an attractive investment for both seasoned and emerging investors. The single-building structure simplifies management and maintenance, further enhancing its appeal. This is a turnkey investment ready to generate immediate returns.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Otsego
- County
- Wright
- State
- Minnesota
- Longitude
- -93.5622
- Latitude
- 45.2783
- 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
$21,183
$928,900
$416,500
$1,345,400
-
$928,900
$416,500
$1,345,400
