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    Property profile & analytics
    OFF-MARKET Estimated value $650,000
    Commercial real estate

    9 9th N Ave, Hopkins, MN 55343-7616

    0.11 ac lot Built 1954
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US46-0579168
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • North Central Marine Associates Gym & Fitness Center Sports Field & Court
    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
    Momanon LLC · 1 yrs held
    Momanon LLC
    since 2024
    Last sale
    $650,000
    7 recorded transactions
    2024
    $650,000
    2020
    2017
    2017
    2006
    $140,000
    2006
    $131,705
    1998
    $110,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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