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    Property profile & analytics

    3787 Lexington Ave N Arden Hills, MN 55126

    • Grocery and convenience stores
    • 63,608 SF
    • 4.23 lot acres
    For Lease
    View listing
    Value Estimation
    $3,270,000
    Last Sale
    May 06, 2021
    $3,500,000
    Location Intelligence
    Property ID
    US46-1876175
    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.

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 3787 Lexington Ave N

    Year built
    1980
    Lot size
    4.23 lot acres
    Property size
    63,608 SF
    Property type
    Grocery and convenience stores
    APN
    27-30-23-41-0024
    APU
    273023410024

    Description

    This exceptional 43,000-square-foot retail space presents a remarkable opportunity for a single tenant seeking a high-profile location in Arden Hills, Ramsey County. Completed in 2022, this new construction building boasts excellent visibility and accessibility from Lexington Avenue North. The property offers a "white box" delivery, allowing for complete customization to suit a tenant's specific needs. Its strategic location places it directly across from major national retailers such as Target and Trader Joe's, ensuring high foot traffic and brand recognition. The surrounding area benefits from a strong daytime population, providing a substantial customer base. With ample parking accommodating 205 vehicles, customer convenience is prioritized. This freestanding building offers a unique opportunity to establish a prominent presence in a thriving retail corridor. The property's modern design and prime location make it an ideal space for a variety of retail businesses seeking significant exposure and a strong foundation for growth. The entire 43,000 square feet is currently vacant, providing a blank canvas for a discerning tenant. This is a rare chance to secure a substantial, newly constructed retail space in a highly desirable location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,175,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,565,000
      6.5%
      $3,200,000
      7%
      $3,265,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,410,000
      Geo Method
      $3,860,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,330,000
      Retail
      $2,955,000
      Mixed-Use
      $3,795,000
      Hospitality
      $3,545,000
      Educational
      $3,115,000
      Residential Income
      $3,650,000
      Energy
      $3,050,000
      Income-Based Land
      $3,920,000
      Food Service
      $3,070,000

    Location Insight

    • Map
    • Local Demand
    City
    Arden Hills
    County
    Ramsey
    State
    Minnesota
    Longitude
    -93.1483
    Latitude
    45.0559
    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
    $110,712
    $1,844,400
    $4,381,700
    $6,226,100
    -
    $1,844,400
    $4,381,700
    $6,226,100

    Comparable in this City

    • Value Estimation by Request
      70,981 SF

      3717 Lexington N Ave

      GROCERY, SUPERMARKET • 70,981 SF
      3717 Lexington N Ave, Arden Hills, MN 55126-3081
      View Details
    • Value Estimation by Request
      1,196 SF

      5990 Hodgson Rd

      CONVENIENCE STORE • 1,196 SF
      5990 Hodgson Rd, Shoreview, MN 55126-4640
      View Details
    • Value Estimation
      $535,000
      2,255 SF

      3467 Rice St

      CONVENIENCE STORE • 2,255 SF
      3467 Rice St, Shoreview, MN 55126-3049
      View Details
    • Value Estimation by Request
      6,909 SF

      5979 Rice Crk Pkwy

      CONVENIENCE STORE • 6,909 SF
      5979 Rice Crk Pkwy, Shoreview, MN 55126-5021
      View Details
    • Value Estimation by Request
      2,366 SF

      3454 Rice St

      CONVENIENCE STORE • 2,366 SF
      3454 Rice St, Saint Paul, MN 55126-3044
      View Details
    • Value Estimation by Request
      19,047 SF

      1041 Red Fox Rd

      GROCERY, SUPERMARKET • 19,047 SF
      1041 Red Fox Rd, Shoreview, MN 55126-2900
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,678 SF

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      Commercial Lot on Rice Street

      Commercial land for sale with frontage on Rice Street.
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      Residential Land in Shoreview, MN

      Residential land for sale in Mounds View School district.
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      34,799 SF

      Arden Hills Office Building

      34,799 SF office building on 5.66 acres in Arden Hills.
      3499 N Lexington Ave, Arden Hills, MN 55126
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      2.50 Acres

      Lexington Ave Redevelopment Opportunity

      Prime Arden Hills commercial land, high traffic.
      3737 Lexington Ave, Arden Hills, MN 55126
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      Prime Commercial Land Opportunity

      2.5-acre commercial land in a high-traffic location.
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    Similar Nearby for Lease

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      97,638 SF

      Shannon Square Shoppes: Arden Hills Retail

      Grocery-anchored retail space available in thriving Arden Hills.
      3673 Lexington Ave, Arden Hills, MN 55126
      View Details
    • Contact for pricing
      1,223 SF

      Arden Hills Automotive/Retail Space

      Automotive/retail space in growing Arden Hills market, near major retailers.
      3757-3763 Lexington Ave N, Arden Hills, MN 55126
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    • Contact for pricing
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      Retail Space in Arden Hills

      High-profile retail location with strong daytime population and national retailers.
      3787 Lexington Ave N, Arden Hills, MN 55126
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      Shoreview Retail Center Opportunity

      Prime Shoreview location, 957-8,000 sqft available.
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    • $13 SF/Yr
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      Shoreview Office Building for Lease

      Prime Shoreview Office Space Available
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    • $12 SF/Yr
      11,890 SF

      Shoreview Office Space For Rent

      Office space with easy access to I-35W and retail.
      5939 Rice Creek Pkwy, Shoreview, MN 55126
      View Details
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    Arden Hills, MN 55126
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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