8900 Walnut St Rockford, MN 55373-5135

Property Details for 8900 Walnut St

Year built

1975

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

7.50 lot acres

Property size

46,659 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

113-059-001010

APU

113059001010

Description

This exceptional 36,443 square foot shopping center in Rockford, Minnesota, presents a lucrative investment opportunity. The property boasts a diverse income stream, combining 12,700 square feet of fully occupied, climate-controlled self-storage units (with a 480 sq ft expansion slated for completion by December 2024) and 23,743 square feet of retail space leased to strong tenants including the USPS, a dentist, restaurant, and daycare. These six retail tenants are under long-term leases, generating over $20,000 in monthly income. Situated on a 5.5-acre lot with excellent visibility to nearly 15,000 vehicles daily on Highway 55, the property benefits from strong demographics, with a median household income exceeding $100,000 within a four-mile radius. The expansive parking lot offers significant potential for future expansion, including additional drive-up storage, portable units, or further retail development. The property also features solar panels, offsetting 7% of electricity costs until June 30, 2040, with a potential lease extension. A loading door at the rear of the storage facility enhances tenant convenience. Built in 1975 and renovated in 2021, this 80-unit center is currently 100% occupied. The seller is open to offers, including a potential sale involving a 1-acre outlot for $3.7 million. This is a rare opportunity to acquire a stable, high-performing investment property with significant upside potential.

Location Insight

City

Rockford

County

Wright

State

Minnesota

Longitude

-93.7449

Latitude

45.0935

CBSA code

33460

CBSA name

MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments