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    FOR SALE
    Retail space

    17625 Kenrick Ave, Lakeville, MN 55044

    20,567 SF 2.35 ac lot Built 2011
    Entity Owned 13-yr Hold Free & Clear
    Property ID
    US46-1389141
    Property summary
    AI-generated overview

    This exceptional freestanding retail building, located at 17625 Kenrick Avenue in Lakeville, Minnesota, presents a unique opportunity for a single tenant. Boasting a substantial 20,567 square feet of space, the building is entirely vacant and ready for immediate occupancy. Constructed in 2011, the property is a single-story structure situated on a generous 2.35-acre lot encompassing 102,366 square feet. Ample parking is provided with 96 spaces available for customers and employees. The building is zoned C-3, allowing for a wide range of retail uses. Its location in Dakota County, with a 55044 zip code, offers excellent visibility and accessibility. The property's size and layout provide significant flexibility for a variety of retail concepts. This is an ideal opportunity for a business seeking a prominent location with substantial space in a thriving community. The property is ready for immediate lease and offers a chance to establish a strong retail presence in a high-traffic area. Interested parties are encouraged to inquire further to explore the possibilities this exceptional property offers.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 2011
    Total area 20,567 SF
    Lot 2.35 ac (102,543 SF)
    APN 22-11875-01-063
    UPID US46-1389141
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.93M
    Owner & transaction history
    Dawft Lakeville Gw LLC · 13 yrs held
    Dawft Lakeville Gw LLC
    since 2012
    3 recorded transactions
    2024
    2021
    2012
    $3.8M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Warehouse, storage $3.1M +6.9%
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    More about this property
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