Retail Space - For Sale
18655 73rd Avenue North Maple Grove, MN 55311
Details & Description
Price: $6,268,850
  • Property Type Retail for Sale : Free Standing Building
  • Lot Size Acres 1.550
  • Building Sq Ft 12,789
  • Building Price per Sq Ft $490.18
  • Land Sq Ft 67,518
  • Land Price per Sq Ft $92.85
  • NOI $376,131
  • CAP Rate % 6.00
• New Creations has 12 years and 4 months remaining on the lease with 3% annual rent increases beginning in year 6.• New Creations was newly constructed in 2021 and is ideally located in the heart of six new housing developments consisting of 131 single family homes, 161 townhomes, 236 apartments and 150 senior living units creating a demand for childcare.• Located across the intersection from a newly built Hy-Vee. Hy-Vee opened in 2019 and has been attracting adjacent development ever since.• Excellent demographics with an average household income of $197,303 within a 1-mile radius and population of 111,165 within a 5-mile radius.• Maple Grove serves as the retail, cultural, and medical center of the northwest region of the Minneapolis-Saint Paul metropolitan area.• Maple Grove is home to Arbor Lakes, Minnesota’s first Lifestyle Center. With over 250 businesses, Arbor Lakes has it all with four distinct shopping areas including The Shoppes, The Fountains, The Village & Main Street. Combined these four shopping areas have more retail space than anywhere else in Minnesota.
Additional Photos
Listing Agents
Keith Sturm

O: 612-376-4488
keith@upland.com
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.

18655 73rd Avenue North

Maple Grove, MN 55311

Listing ID: 302122
$6,268,850
For Sale
  • Property Type Retail for Sale : Free Standing Building
  • Lot Size Acres 1.550
  • Building Sq Ft 12,789
  • Building Price per Sq Ft $490.18
  • Land Sq Ft 67,518
  • Land Price per Sq Ft $92.85
  • NOI $376,131
  • CAP Rate % 6.00
  • 18655 73rd Avenue North Maple Grove, MN 55311 | for Sale | Photo 1
  • 18655 73rd Avenue North Maple Grove, MN 55311 | for Sale | Photo 2
  • 18655 73rd Avenue North Maple Grove, MN 55311 | for Sale | Photo 3
  • 18655 73rd Avenue North Maple Grove, MN 55311 | for Sale | Photo 4
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Description

• New Creations has 12 years and 4 months remaining on the lease with 3% annual rent increases beginning in year 6.

• New Creations was newly constructed in 2021 and is ideally located in the heart of six new housing developments consisting of 131 single family homes, 161 townhomes, 236 apartments and 150 senior living units creating a demand for childcare.

• Located across the intersection from a newly built Hy-Vee. Hy-Vee opened in 2019 and has been attracting adjacent development ever since.

• Excellent demographics with an average household income of $197,303 within a 1-mile radius and population of 111,165 within a 5-mile radius.

• Maple Grove serves as the retail, cultural, and medical center of the northwest region of the Minneapolis-Saint Paul metropolitan area.

• Maple Grove is home to Arbor Lakes, Minnesota’s first Lifestyle Center. With over 250 businesses, Arbor Lakes has it all with four distinct shopping areas including The Shoppes, The Fountains, The Village & Main Street. Combined these four shopping areas have more retail space than anywhere else in Minnesota.

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Minneapolis History of Retail Space for Sale

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Maple Grove Area Market Trends

Listing Demographics for 18655 73rd Avenue North Maple Grove, MN 55311

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 Population7,44446,118102,994
Population Median Age363638
Population by Age0-9 Yrs910 (12%)7298 (15%)14646 (14%)
10-19 Yrs1778 (23%)8125 (17%)15379 (14%)
20-29 Yrs336 (4%)2476 (5%)6990 (6%)
30-39 Yrs816 (10%)6466 (14%)15086 (14%)
40-49 Yrs1495 (20%)8364 (18%)16177 (15%)
50-59 Yrs879 (11%)6395 (13%)15153 (14%)
60-69 Yrs842 (11%)4345 (9%)11578 (11%)
70+ Yrs390 (5%)2651 (5%)7984 (7%)
Median HH Income$164,898$148,612$127,686
Total Household Income< 24K178 (7%)853 (5%)2348 (6%)
25-49K34 (1%)1417 (8%)3920 (10%)
50-74K290 (11%)1401 (8%)4384 (11%)
75-99K146 (5%)1347 (8%)4041 (10%)
100-199K1029 (41%)6213 (38%)14667 (38%)
200K+774 (31%)4773 (29%)9215 (23%)
Highest Education LevelNo Diploma134571353
Diploma or GED30528108440
Some College574426411079
Assoc. Degree29923765844
Bachelors Degree19791190226459
Higher Degree1447766916775
Total Housing Units2,45516,22239,951
--Owner-Occupied2,24714,24632,564
--Renter-Occupied2051,7596,011
Owner-Occupied Values< 100K50255658
100-199K15611083745
200-299K52827797444
300-399K16328177181
400-499K61129225733
500K+73943657803
Total Working Age Population5,21633,42778,053
In Work Force3,90224,43657,225
Not In Work Force1,3148,99120,828
Workforce Employed3,83023,80055,709
Workforce Unemployed726361,457
Civlian Workforce3,90224,43657,166
Military Workforce0059
Total Households2,45216,00538,575
Family Households2,00813,02129,081
Non-Family Households4442,9849,495
Married Couple1,89411,51725,398
Other Family1141,5033,683
Married w/Child1,2246,75812,949
Single Male w/Child51359702
Single Female w/Child177321,675

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Minnesota4,919,479+85,303,925+75,687,161+55,974,304
Hennepin County1,116,200+31,152,425+121,294,371+91,407,332

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.

Closest Commercial Airports
Airport Distance (mi)
Minneapolis-St Paul International (Wold-Chamberlain Airport) (MSP) 20
Rochester International Airport (RST) 96
Duluth International Airport (DLH) 137
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