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Direct visibility from I-494 with over 169,000 VPD. Located along Southtown Drive with quick access to the Interstate. Strategically located at the intersection of I-494 and Xerxes Avenue and near to I-35W.
Conveniently located to both downtown Minneapolis and St. Paul and about 7 miles west of the Minneapolis-St. Paul International Airport. Bloomington is Minnesota's fourth largest city and is known for being home to the largest mall in the US, the Mall of America, which welcomes 40 million visitors per year.
This property has a great corner location in a highly populated area with big traffic counts and is near major retailers including Target, Hobby Lobby, Petco, T.J. Maxx, Kohl's, and many others. The building features over 36,000 SF, a large parking lot, great signage, and visibility.
The area is densely populated with over 980,000+ people within a 10-mile radius of the subject property, with an average household income of over $115,000. Large 3-acre lot with prime real estate that could be redeveloped for various tenants. The vacancy rate for the market is 2.5%, but it is even lower for General Free Standing Retail buildings. This property is also being offered for lease.
Month | Payment | Principal | Interest | Total Interest | Balance |
---|---|---|---|---|---|
$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
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.
Total Population | 13,716 | 106,169 | 246,616 | |
Population Median Age | 44 | 41 | 41 | |
Population by Age | 0-9 Yrs | 1080 (7%) | 11551 (10%) | 29639 (12%) |
10-19 Yrs | 745 (5%) | 11470 (10%) | 28704 (11%) | |
20-29 Yrs | 2924 (21%) | 14043 (13%) | 26431 (10%) | |
30-39 Yrs | 2240 (16%) | 16093 (15%) | 36139 (14%) | |
40-49 Yrs | 1023 (7%) | 12871 (12%) | 32766 (13%) | |
50-59 Yrs | 1120 (8%) | 12248 (11%) | 31445 (12%) | |
60-69 Yrs | 1829 (13%) | 12682 (11%) | 30059 (12%) | |
70+ Yrs | 2755 (20%) | 15212 (14%) | 31432 (12%) | |
Median HH Income | $71,501 | $89,014 | $103,273 | |
Total Household Income | < 24K | 1120 (15%) | 5133 (11%) | 9352 (9%) |
25-49K | 1292 (17%) | 7022 (15%) | 13368 (12%) | |
50-74K | 1418 (19%) | 7497 (16%) | 14497 (14%) | |
75-99K | 1027 (14%) | 6366 (13%) | 12955 (12%) | |
100-199K | 1864 (25%) | 13678 (29%) | 31256 (30%) | |
200K+ | 524 (7%) | 6746 (14%) | 21637 (20%) | |
Highest Education Level | No Diploma | 430 | 4703 | 8751 |
Diploma or GED | 1470 | 12159 | 23901 | |
Some College | 2095 | 13740 | 28341 | |
Assoc. Degree | 1061 | 6536 | 14053 | |
Bachelors Degree | 4124 | 26363 | 62192 | |
Higher Degree | 1695 | 14403 | 40180 | |
Total Housing Units | 7,622 | 48,695 | 107,493 | |
--Owner-Occupied | 3,298 | 28,727 | 73,226 | |
--Renter-Occupied | 3,947 | 17,714 | 29,839 | |
Owner-Occupied Values | < 100K | 249 | 921 | 1528 |
100-199K | 445 | 2129 | 4613 | |
200-299K | 1023 | 7852 | 15354 | |
300-399K | 1150 | 7996 | 18202 | |
400-499K | 267 | 4106 | 11229 | |
500K+ | 165 | 5723 | 22300 | |
Total Working Age Population | 12,143 | 88,052 | 199,049 | |
In Work Force | 7,631 | 60,452 | 139,568 | |
Not In Work Force | 4,512 | 27,600 | 59,481 | |
Workforce Employed | 7,353 | 57,710 | 133,499 | |
Workforce Unemployed | 274 | 2,580 | 5,785 | |
Civlian Workforce | 7,627 | 60,290 | 139,284 | |
Military Workforce | 4 | 162 | 284 | |
Total Households | 7,245 | 46,441 | 103,065 | |
Family Households | 3,310 | 26,573 | 64,196 | |
Non-Family Households | 3,934 | 19,869 | 38,869 | |
Married Couple | 2,771 | 21,085 | 52,251 | |
Other Family | 539 | 5,488 | 11,945 | |
Married w/Child | 702 | 8,080 | 21,430 | |
Single Male w/Child | 22 | 623 | 1,972 | |
Single Female w/Child | 230 | 2,031 | 4,238 |
Population Change Last Two Decades - Plus Projection
2000 | % | 2010 | % | 2020 | % | 2030 | |
---|---|---|---|---|---|---|---|
Minnesota | 4,919,479 | +8 | 5,303,925 | +8 | 5,706,494 | +6 | 6,034,892 |
Dakota County | 355,904 | +12 | 398,552 | +10 | 439,882 | +5 | 463,171 |
Scott County | 89,498 | +45 | 129,928 | +16 | 150,928 | +16 | 175,327 |
Hennepin County | 1,116,200 | +3 | 1,152,425 | +11 | 1,281,565 | +11 | 1,424,735 |