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Marketplace Lofts 712-786 Mainstreet 18,495 SF 100% Leased Retail Building Hopkins, MN 55343 For Sale
Investment Highlights
- Fully leased multi-tenant retail asset in vibrant Downtown Hopkins.
- Walkable urban corridor located near Southwest Light Rail Station.
- Established residential density above and within close proximity.
- Anchored by Chipotle Mexican Grill with a curated mix of retail and service tenants.
- Easy access to Highway 169 and major commuter routes.
- Recent capital upgrades completed in 2022 with additional improvements scheduled for 2025.
Executive Summary
KW Commercial is pleased to present the sale of a multi-tenant retail property located at the Marketplace Lofts in Downtown Hopkins, Minnesota. Street level retail is below 53 units of residential condos, which are 100 % sold out. The 18,495 SF property is 100% leased to local and national tenants. Tenants include Chipotle Mexican Grill, Cold Stone Creamery, Pink Ivy Kitchen & Bar, The Vine Shop/Vine Room and more. Common area maintenance, building insurance and property taxes are prorated from the HOA. Located just 10 miles from downtown Minneapolis, Hopkins is an demanded suburb for young professionals. Within 5 miles of the property, there's over 98,000 units of housing. The subject property is located right on Mainstreet the main drag of Downtown Hopkins with a traffic count of 5,200 VPD.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
18,495 SF
Building Class
B
Year Built/Renovated
2003/2025
NOI
$451,983 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)
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $7,726,536 CAD | |
| Land Assessment | $1,287,412 CAD | Total Assessment | $9,013,947 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,287,412 CAD
Improvements Assessment
$7,726,536 CAD
Total Assessment
$9,013,947 CAD
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Marketplace Lofts | 712-786 Mainstreet
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