Retail Space
18655 73rd Avenue North Maple Grove, MN 55311
Details & Description
Price: $6,268,850
    • 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
    • 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
    18655 73rd Avenue North | for Sale | Thumbnail 1
    18655 73rd Avenue North | for Sale | Thumbnail 2
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    18655 73rd Avenue North | for Sale | Thumbnail 4
    Building Size: 12,789 SF
    Lot Size: 1.550 AC
    Land Size: 67,518 SF
    Building $/SF: $490.18
    Land $/SF: $92.85
    Price
    $6,268,850
    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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    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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    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:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    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 18655 73rd Avenue North in Maple Grove?
    The asking price for 18655 73rd Avenue North is $6,268,850
    What is the building size of this Retail property in Maple Grove, MN?
    The size of the building/unit at 18655 73rd Avenue North in Maple Grove is 12,789 square feet
    How much land does the Maple Grove, MN property at 18655 73rd Avenue North include?
    18655 73rd Avenue North in Maple Grove includes 1.550 acres of land
    What kind of Retail is the propery at 18655 73rd Avenue North?
    The property at 18655 73rd Avenue North Maple Grove, MN 55311 is listed as a Free Standing Building Retail property
    What is the population within 1 mile of 18655 73rd Avenue North in Maple Grove?
    The population within 1 mile of 18655 73rd Avenue North Maple Grove, MN 55311 is 7,444 people.
    Who do I contact for questions about 18655 73rd Avenue North?
    You should contact the listing agent, Keith Sturm, for any details regarding this commercial listing.

    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
    Price
    $6,268,850
    Listing Agent
    More listings from Keith Sturm
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