Property profile

4651 Kings Pt Rd Minnetrista, MN 55331

OFF-MARKET
Commercial land
Property ID
US46-2492455
2.17 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2.17-acre commercial land parcel presents a prime retail development opportunity in Minnetrista, Minnesota. Located at the intersection of Highway 7 and Kings Point Road, this Planned Unit Development (PUD) site is situated within a thriving master-planned community. The community's development includes a 148-unit luxury apartment building, currently under construction with an anticipated completion in Fall 2024, and a new Mackenthun's grocery store, slated to begin construction in Spring 2023. This family-owned grocery store has served the community for over 100 years, providing a strong anchor tenant for the development. The property's location within Hennepin County, specifically at 4651 Kings Point Rd, Minnetrista, MN 55331 (APN 34-117-24-33-0064), benefits from strong demographics and a growing population base. Ideal for destination retail or service-oriented businesses such as daycare centers or dental offices, this site offers significant potential for investors seeking a high-growth area. The property's zoning as a PUD ensures a streamlined development process, making it an attractive investment for those seeking a well-positioned commercial development opportunity in a rapidly expanding community. This is a rare chance to be part of a vibrant mixed-use project in the west metro area.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 2.17 ac (94,525 SF)
APN 34-117-24-33-0064
UPID US46-2492455

Cap rate & NOI

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

Location

4651 Kings Pt Rd Minnetrista, MN 55331
Minnetrista metro Census 27703 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

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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