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    FOR SALE
    Commercial real estate

    500 Jefferson Hwy N, Champlin, MN 55316

    1.45 ac lot Built 1966
    Entity Owned 6-yr Hold ~ Est. High Equity
    Property ID
    US46-0837660
    Property summary
    AI-generated overview

    This exceptional 2,500 square foot retail space is situated in a highly visible, back corner unit of a Champlin strip mall at 500 Jefferson Highway N, Unit 510. The property boasts ample parking both in front and behind the building, ensuring convenient access for customers and employees. The unit features two bathrooms and offers the flexibility of a build-to-suit option, allowing you to customize the space to perfectly meet your business needs. Benefit from two convenient entrances, one at the front and one at the rear of the unit, enhancing accessibility and customer flow. This prime retail location is available with a favorable 3-year lease, including an option to extend, providing long-term stability for your business. Please note that this space is not suitable for barber shops, event centers, or businesses involving alcohol sales. The property sits on a 1.45-acre lot, providing ample space and visibility within the bustling Champlin commercial district. This is a fantastic opportunity for a business seeking a well-located, adaptable retail space with excellent parking and lease terms. The asking price is $2,999. Contact us today to schedule a viewing and explore the possibilities.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1966
    Construction STEEL FRAME
    Lot 1.45 ac (63,162 SF)
    APN 19-120-21-31-0043
    UPID US46-0837660
    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
    Current use
    Occupant on record · Public records
    • Dr. Kurt A. Bender, DDS Dental Office
    • Champlin's Best Laundromat (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.94M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.93M
    Owner & transaction history
    Kht Commercial Investments LLC · 6 yrs held
    Kht Commercial Investments LLC
    since 2020
    Last sale
    $1.9M
    5 recorded transactions
    2020
    $1.9M
    2004
    $1.2M
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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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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