Property profile

3673 Lexington N Ave Arden Hills, MN 55126

OFF-MARKET
Community centers
Property ID
US46-0902964
29,557 SF 4.04 ac lot Built 1986
Entity Owned 8-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

Shannon Square Shoppes is a retail shopping center anchored by a grocery store (Cub Foods) located just south of the I-694 interchange at Lexington Avenue in Arden Hills, Minnesota, approximately 8 miles northeast of downtown Minneapolis. The center includes in-line retail tenants such as Anytime Fitness, Caribou Coffee, The UPS Store, Great Clips, T-Mobile, Subway, Allstate, and H&R Block, and is situated in an infill area, with population estimates of approximately 59,341 within a 3-mile radius and 196,316 within a 5-mile radius.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1986
Total area 29,557 SF
Lot 4.04 ac (176,070 SF)
Zoning code C
APN 27-30-23-44-0015
UPID US46-0902964

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Hardware & Home Improvement Production Facility
  • Recycling Center Waste Management Facility
  • Restaurant
  • Construction Company
  • Courier Service Postal Service

Location

3673 Lexington N Ave Arden Hills, MN 55126-2984
Arden Hills metro Census 40804 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.65M

Owner & transaction history

since 2018
3 recorded transactions
2018
Price N/A
2003
$31,000
1998
Price N/A

Zoning & alternative use

C · Arden Hills, MN

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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