Financial
Distress signals
Property profile

17625 Kenrick Ave Lakeville, MN 55044

FOR SALE
Retail space
Property ID
US46-1389141
20,567 SF 2.35 ac lot Built 2011
Last sale Sep 2012 · $3,795,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Constructed in 2011, the property at 17625 Kenrick Avenue in Lakeville, Minnesota consists of a 20,567-square-foot building on a 2.35-acre lot. The zoning is C-3 Retail Building. The facility has ceiling heights of 16.5 feet to the deck and 14.3 feet to the bar joists, and includes two dock doors with levelers. Building systems and features include high-efficiency LED lighting, an interior sprinkler system, an alarm system, and an exterior irrigation system. The property provides 96 parking spaces and offers visible signage from I-35.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$71k
Tax billed · 2023
Assessed value · 2022$2.44M
Assessed land$628k
Assessed improvement$1.81M
Effective rate2.92%

Value estimate

· Sep 2026
$1.93M
$1.74M – $2.12M
NOI build-up
Gross scheduled income$333k
Vacancy & credit loss−$14k
Operating expenses−$96k
NOI · 6.87% cap applied$223k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$143/SF
County average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$65 – $224

Cap rate analysis

How does the asset earn?
6.87%
$223k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionDAKOTA

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply16.8
Law Firm15.8
Wholesale Shop14.7

Location

17625 Kenrick Ave Lakeville, MN 55044
County assessor Recorded deeds · 3 transfers Comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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