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6002 Excelsior Blvd St Louis Park, MN 55416-5378

OFF-MARKET Commercial real estate Google Maps
97,080 SF 0.17 ac lot Built 1947
Entity Owned ~ Est. High Equity
Estimated value (blended)
$745k
Range $671k – $820k (±10%)
Property ID US46-0507070

Property summary

AI-generated overview

This exceptional retail investment opportunity presents a fully occupied, 7,490 square foot multi-tenant building situated on a 0.17-acre lot at 6002 Excelsior Boulevard in Golden Valley, Minnesota, zip code 55416. The property boasts a desirable location in Hennepin County, offering high visibility and traffic. Currently generating a substantial net operating income (NOI) of $91,443, this property commands an attractive asking price of $1,250,000, representing a compelling 10.60% capitalization rate and a price per square foot of $166.67. The single-story building provides ample parking with 12 spaces available for tenants and customers. Beyond the strong rental income from multiple tenants, the property also benefits from additional income generated by a billboard. This turnkey investment is ideal for those seeking a stable, high-return commercial property with significant upside potential. The property's prime location and strong tenant occupancy make it a truly exceptional opportunity in the competitive St. Louis Park market.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1947
Total area 97,080 SF
Lot 0.17 ac (7,405 SF)
APN 21-117-21-23-0127
UPID US46-0507070

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
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$745k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.13M
Blend (final) Blend
$745k

Owner & transaction history

since 2026
Last sale
$1.1M
5 recorded transactions
2026
$1.1M
2019
$775,000
2011
$450,000
1969
Price N/A
1969
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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