Property profile

9 9th N Ave Hopkins, MN 55343

OFF-MARKET
Commercial real estate
Property ID
US46-0579168
0.11 ac lot Built 1954
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 5,600 square foot retail space, located at 9 9th Avenue N in the heart of Downtown Hopkins, Minnesota, presents a unique opportunity for a variety of businesses. Situated just off Main Street, this property boasts high visibility and benefits from significant foot and bicycle traffic. Its convenient location offers easy access to the soon-to-be-completed light rail line, just three blocks away. The building features ample parking, including six or more private spaces, plus convenient access to free city lots at the rear and ample street parking (no meters). Inside, the space includes four private offices, a dedicated tech room, a large conference room, and a fully equipped kitchen/break area. The property is ADA accessible and includes updated restrooms. The building is fully equipped with a fire sprinkler system. Currently configured as office space, this versatile property is ideally suited for a variety of uses, including retail establishments such as a coffee shop or bakery, or a medical clinic. Available December 2024. The 0.11-acre lot provides excellent space and accessibility. Don't miss this chance to establish your business in a thriving downtown location with exceptional walkability and visibility. Priced at $6,500.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1954
Construction CONCRETE BLOCKS
Lot 0.11 ac (4,792 SF)
APN 24-117-22-42-0073
UPID US46-0579168

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
  • Gym & Fitness Center Sports Field & Court

Location

9 9th N Ave Hopkins, MN 55343-7616
Hopkins metro Census 23300 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$650k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$650k

Owner & transaction history

since 2024
Last sale
$650,000
7 recorded transactions
2024
$650,000
2020
Price N/A
2017
Price N/A
2017
Price N/A
2006
$140,000
2006
$131,705
1998
$110,000

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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