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Marketplace Lofts 712-786 Mainstreet 18,495 SF 100% Leased Retail Building Hopkins, MN 55343 $6,770,212 CAD ($366.06 CAD/SF) 6.86% Cap Rate
INVESTMENT HIGHLIGHTS
- New Roof in 2022
- 100% occupancy with established tenants.
- Prime retail location with excellent exposure
- New concrete throughout, new pavers. (2025)
- Strong rental history and consistent cash flow
- Ideal for 1031 exchange or passive investors
EXECUTIVE SUMMARY
Turnkey Investment Opportunity – 100% Occupied Retail Property for Sale.
Exceptional opportunity to own a fully leased retail property offering stable income and immediate cash flow. This well-maintained asset is 100% occupied with long-term tenants, making it an ideal investment for 1031 exchange buyers or investors seeking a hands-off, low-maintenance property with a strong return.
The Marketplace lofts building represents an existing multi-tenant retail property located on the first floor of the Marketplace Lofts Condominium in downtown Hopkins, Minnesota.There are ten (10) individual suites ranging from 1,067 SF to 3,244 SF. This stable building is 100% occupied with a variety of tenants like; Chipotle, Cold Stone,Pink Ivy Restaurant, The Vine Room, Bogati, The Vine Shop, Sunny Nails, Growing Therapy, Northstart Lacrrose,SOHO Salon. ( 54 parking stalls, street parking off Mainstreet, 7th & 8th Street, public parking lot across 8th Street)
Exceptional opportunity to own a fully leased retail property offering stable income and immediate cash flow. This well-maintained asset is 100% occupied with long-term tenants, making it an ideal investment for 1031 exchange buyers or investors seeking a hands-off, low-maintenance property with a strong return.
The Marketplace lofts building represents an existing multi-tenant retail property located on the first floor of the Marketplace Lofts Condominium in downtown Hopkins, Minnesota.There are ten (10) individual suites ranging from 1,067 SF to 3,244 SF. This stable building is 100% occupied with a variety of tenants like; Chipotle, Cold Stone,Pink Ivy Restaurant, The Vine Room, Bogati, The Vine Shop, Sunny Nails, Growing Therapy, Northstart Lacrrose,SOHO Salon. ( 54 parking stalls, street parking off Mainstreet, 7th & 8th Street, public parking lot across 8th Street)
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
18,495 SF
Building Class
B
Year Built
2003
Price
$6,770,212 CAD
Price Per SF
$366.06 CAD
Cap Rate
6.86%
NOI
$464,604 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
0.35
Lot Size
1.22 AC
Zoning
B-3 - Downtown Business District.
Parking
52 Spaces (2.81 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $5,372,595 CAD | |
| Land Assessment | $592,741 CAD | Total Assessment | $5,965,336 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$592,741 CAD
Improvements Assessment
$5,372,595 CAD
Total Assessment
$5,965,336 CAD
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Marketplace Lofts | 712-786 Mainstreet
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