Retail Space / Minnesota / Elk River / 55330 / 18298 Zane Street Northwest

18298 Zane Street Northwest

Q: What is the asking price for 18298 Zane Street Northwest in Elk River?

The asking price for 18298 Zane Street Northwest is $7,500,000

Q: What is the building size of this Retail property in Elk River, MN?

The size of the building/unit at 18298 Zane Street Northwest in Elk River is 7,882 square feet.

Q: How much land does the Elk River, MN property at 18298 Zane Street Northwest include?

18298 Zane Street Northwest in Elk River includes 1.770 acres of land.

Q: What kind of Retail is the propery at 18298 Zane Street Northwest?

The property at 18298 Zane Street Northwest Elk River, MN 55330 is listed as a Vehicle Sales/Service Retail property.

Q: What is the population within 1 mile of 18298 Zane Street Northwest?

The population within 1 mile of 18298 Zane Street Northwest Elk River, MN 55330 is 6,042 people.

Q: Who do I contact for questions about 18298 Zane Street Northwest?

You should contact the listing agent, Michael Houge, for any details regarding this commercial listing.

Elk River, MN 55330

Listing ID: 300362

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Building Size: 7,882 SF

Lot Size: 1.770 AC

Land Size: 77,101 SF

Building $/SF: $951.54

Land $/SF: $97.28

Price

$7,500,000

Property Highlights

$50,000 Minimum Investment (Suitable for 1031 Exchange)

10.00% Rent Increases Every Five (5) Years for the Valvoline Instant Oil Change

DST Structure-Perfect for Multiple 1031 Exchange Investors

Excellent Ingress & Egress (MNDOT Improvements are ongoing)

15-Year Absolute NNN Leases

2.00% Rent Increases Every Five (5) Years for the Holiday Stationstore

2021 Renovations

Description

Holiday Stationstores/Valvoline Instant Oil Change
Newly Renovated Holiday Stationstores & Valvoline Oil Change Property. New 14+ Year Leases with rental increases for each lease. The Holiday/Valvoline has 2.00% annual increases, and Valvoline Instant Oil Change has 10.00% increases every 5 Years.
Year Built: 1984

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Points of Interest & Demographic Radii

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Demographic Radii

POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Minneapolis History of Retail Space for Sale

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Listing Demographics for 18298 Zane Street Northwest Elk River, MN 55330

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		6,042	22,715	41,033
Population Median Age		35	37	37
Population by Age	0-9 Yrs	1150 (19%)	3282 (14%)	6152 (14%)
	10-19 Yrs	632 (10%)	2924 (12%)	5467 (13%)
	20-29 Yrs	1025 (16%)	3149 (13%)	5002 (12%)
	30-39 Yrs	946 (15%)	3132 (13%)	5743 (13%)
	40-49 Yrs	538 (8%)	2750 (12%)	5494 (13%)
	50-59 Yrs	642 (10%)	3061 (13%)	5573 (13%)
	60-69 Yrs	433 (7%)	2216 (9%)	4167 (10%)
	70+ Yrs	675 (11%)	2201 (9%)	3435 (8%)

Median HH Income		$57,308	$78,746	$94,346
Total Household Income	< 24K	343 (14%)	619 (7%)	868 (6%)
	25-49K	621 (26%)	1511 (19%)	2117 (15%)
	50-74K	494 (21%)	1661 (21%)	2473 (17%)
	75-99K	200 (8%)	890 (11%)	1887 (13%)
	100-199K	633 (27%)	2870 (36%)	5581 (40%)
	200K+	29 (1%)	298 (3%)	910 (6%)

Highest Education Level	No Diploma	297	1226	1857
	Diploma or GED	1241	4290	7011
	Some College	1189	3838	6503
	Assoc. Degree	658	2391	4328
	Bachelors Degree	375	2376	5310
	Higher Degree	170	1058	2198

Total Housing Units		2,344	8,198	14,485
--Owner-Occupied		1,453	6,165	11,723
--Renter-Occupied		867	1,684	2,113
Owner-Occupied Values	< 100K	39	323	470
	100-199K	764	2052	3092
	200-299K	398	2361	4432
	300-399K	212	1108	2528
	400-499K	4	176	723
	500K+	36	145	477

Total Working Age Population		4,543	17,563	31,348
In Work Force		3,528	12,885	22,947
Not In Work Force		1,016	4,677	8,400
Workforce Employed		3,402	12,491	22,312
Workforce Unemployed		125	386	618
Civlian Workforce		3,527	12,878	22,930
Military Workforce		1	8	17

Total Households		2,320	7,849	13,835
Family Households		1,299	5,306	10,166
Non-Family Households		1,021	2,542	3,669
Married Couple		788	3,883	8,076
Other Family		511	1,423	2,091
Married w/Child		408	1,544	3,559
Single Male w/Child		186	390	556
Single Female w/Child		220	596	829

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Minnesota	4,919,479	+8	5,303,925	+7	5,687,161	+5	5,974,304
Wright County	89,986	+39	124,700	+10	136,890	+6	145,773
Hennepin County	1,116,200	+3	1,152,425	+12	1,294,371	+9	1,407,332
Anoka County	298,084	+11	330,844	+8	358,469	+6	380,651
Sherburne County	64,417	+37	88,499	+7	94,258	+4	98,248

Total Working Age Population:

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Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Common Questions and Answers

What is the asking price for 18298 Zane Street Northwest in Elk River?

The asking price for 18298 Zane Street Northwest is $7,500,000

What is the building size of this Retail property in Elk River, MN?

The size of the building/unit at 18298 Zane Street Northwest in Elk River is 7,882 square feet

How much land does the Elk River, MN property at 18298 Zane Street Northwest include?

18298 Zane Street Northwest in Elk River includes 1.770 acres of land

What kind of Retail is the propery at 18298 Zane Street Northwest?

The property at 18298 Zane Street Northwest Elk River, MN 55330 is listed as a Vehicle Sales/Service Retail property

What is the population within 1 mile of 18298 Zane Street Northwest in Elk River?

The population within 1 mile of 18298 Zane Street Northwest Elk River, MN 55330 is 6,042 people.

Who do I contact for questions about 18298 Zane Street Northwest?

You should contact the listing agent, Michael Houge, for any details regarding this commercial listing.

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Closest Commercial Airports

Airport	Distance (mi)
Minneapolis-St Paul International (Wold-Chamberlain Airport) (MSP)	33
Rochester International Airport (RST)	109
Duluth International Airport (DLH)	125