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Elk River Plaza 550-630 Freeport Ave 2,000 - 35,531 SF of Retail Space Available in Elk River, MN 55330
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 610 | 9,531 SF | Negotiable | $22.33 CAD/SF/YR $1.86 CAD/SF/MO $212,872 CAD/YR $17,739 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 630 | 2,000-26,000 SF | Negotiable | $22.33 CAD/SF/YR $1.86 CAD/SF/MO $580,703 CAD/YR $48,392 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 610
The Freeport Ave Complex in Elk River offers a unique opportunity for businesses seeking modern, adaptable commercial space in a mixed-use zone. With 6.85 acres and flexible suite sizes, tenants can tailor their space to specific operational needs. The property’s proximity to major highways and the Twin Cities ensures excellent connectivity and exposure. Build-outs are customizable, and costs can be integrated into lease terms, making this an attractive option for companies looking to expand or relocate with financial flexibility.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Spaces available from 2,000 SF up to 60,000 SF
- Strategically positioned along major highways
- Build-to-suit options available
1st Floor, Ste 630
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 35,531 SF | Gross Leasable Area | 60,000 SF |
| Min. Divisible | 2,000 SF | Year Built | 1986 |
| Property Type | Retail | Parking Ratio | 3.33/1,000 SF |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 35,531 SF |
| Min. Divisible | 2,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 60,000 SF |
| Year Built | 1986 |
| Parking Ratio | 3.33/1,000 SF |
ABOUT THE PROPERTY
Prime Commercial Leasing Opportunity in Elk River Located in the thriving community of Elk River, Freeport Ave Center offers a premium leasing opportunity for businesses seeking modern, adaptable spaces. From 2,000 sq. ft - 60,000 sq. ft. available with flexible mixed use zoning. Build to suit. Ample parking. With its strategic position along major highways and proximity to the Twin Cities metro area, this property is ideal for companies expanding outward or relocating for improved accessibility and visibility.
NEARBY MAJOR RETAILERS
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Elk River Plaza | 550-630 Freeport Ave
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