Property profile

2101 Killebrew Dr Bloomington, MN 55425

FOR SALE
Commercial real estate
Property ID
US46-1122280
1.44 ac lot Built 2020
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1.44-acre commercial land parcel presents a unique investment opportunity in Bloomington, Minnesota. Strategically located directly across from the Mall of America, this property currently serves as a parking lot for adjacent office buildings. Its prime location within a Qualified Opportunity Zone offers significant tax advantages for investors. The site's zoning allows for a variety of development options, including multifamily residential and hospitality projects, making it highly attractive for developers seeking high-growth potential. The property's proximity to the Mall of America, a major regional shopping destination, ensures high visibility and accessibility. Furthermore, its location near the anticipated site of a $450 million water park development (anticipated construction start in 2023) promises further growth and increased property value. The property is conveniently situated within 10 minutes of Minneapolis/St. Paul International Airport, providing easy access to regional and national transportation networks. This exceptional location, combined with the potential for diverse development, makes this 1.44-acre parcel an unparalleled investment opportunity in a thriving market. The address is 2101 Killebrew Dr, Bloomington, MN 55425, in Hennepin County.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2020
Lot 1.44 ac (62,726 SF)
APN 01-027-24-34-0060
UPID US46-1122280

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2101 Killebrew Dr Bloomington, MN 55425
Bloomington metro Census 25100 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$530k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$550k

Owner & transaction history

since 2023
Last sale
$612,296
5 recorded transactions
2023
$1.1M
2023
$612,296
2022
$1.3M
2017
Price N/A
2014
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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