Adj to 99 North town Drive NE Blaine MN 55434 University Ave NE 4.82 Acres of Commercial Land for Lease in Blaine, MN 55434

Lease Opportunity: Flexible Configurations for Up to Four Tenants.  4.82 acres of prime development land adjacent to 99 Northtown Drive NE in Blaine, MN. 

This exceptional property consists of two parcels totaling approximately 4.82 acres, strategically positioned next to Home Depot and shadow-anchored by the bustling Northtown Mall. Location is the cornerstone of any successful commercial venture, and this site excels with unparalleled visibility and frontage on both University Avenue (15,097 vehicles per day) and MN-Hwy 47 (21,498 vehicles per day), resulting in over 36,000 daily vehicle passes. This high-traffic exposure is a key consideration for tenants, ensuring constant brand awareness and easy customer access that can significantly boost revenue. 

Surrounded by a vibrant retail corridor, nearby tenants include Target, Walmart, Sam’s Club, Aldi, Hobby Lobby, Best Buy, Sky Zone Trampoline Park, Savers, Planet Fitness, AutoZone, Burlington, Chick-fil-A, Barnes & Noble, Red Lobster, and more. The MU-CR 10 Mixed-Use zoning provides incredible flexibility, permitting retail, professional offices, restaurants, residential developments, and beyond—empowering tenants to tailor the space to their vision. 

Blaine, situated in Anoka County as part of the Twin Cities MSA and just 10 miles north of downtown Minneapolis, offers an affluent and growing market. Within a 5-mile radius there are around 226,571 residents and an average income of $98,797. These stellar demographics are a top priority for tenants evaluating locations, as they signal a prosperous, engaged community with strong purchasing power. Combined with Northtown Mall's impressive 234,000 monthly visits, this property's draw is unmatched, making it an ideal choice for businesses aiming to capitalize on regional traffic and economic vitality.

This prime 4.82-acre commercial parcel offers exceptional flexibility for development, with the potential to subdivide into up to four individual pads. Ideally suited for single- or multi-tenant concepts, we are seeking qualified tenants to maximize this high-visibility site's potential.


Investment Highlights:

• Prime Commercial Opportunity with Exceptional Location: 4.82-acre regional mall outparcels adjacent to Home Depot and shadow-anchored by Northtown Mall—subdividable into up to four parcels, perfect for single-tenant or multi-tenant developments. Location is everything in commercial real estate, and this site's strategic positioning ensures maximum exposure and accessibility for any tenant.
• Unmatched Visibility and Traffic Flow: Boasting frontage along Hwy 47 (21,498 VPD) and University Ave Extension (15,097 VPD), this property sees over 36,000 vehicles per day—a critical factor for tenants seeking high-visibility sites that drive foot traffic and business success. In today's competitive market, such robust daily exposure is a game-changer for retail, dining, or service-based operations.
• Outstanding Demographics for Tenant Success: Within a 5-mile radius, a population of approximately 226,571 residents with an average household income of $98,797 creates a thriving consumer base. Strong demographics like these are paramount when choosing a location, as they directly translate to higher spending power, sustained demand, and long-term profitability for tenants.
• Powerful Regional Draw from Northtown Mall: Generating around 234,000 monthly visits (Placer.ai), the adjacent Northtown Mall acts as a massive traffic generator, pulling in shoppers from across the region. This built-in draw is invaluable for tenants, amplifying visibility and customer flow in ways that standalone sites simply can't match.
• Flexible Mixed-Use Zoning (MU-CR 10): Supports a wide range of uses including retail, dining, office and beyond—offering versatility to attract diverse tenants.
• Robust Employer and Retail Ecosystem: Blaine is home to over 1,400 businesses employing 25,000+, including major anchors like Walmart, Aveda, Infinite Campus, Target, and more, fostering a dynamic economic environment that enhances tenant appeal.

Preferred Lease Structure:

Standard Tenant Allocation: We aim to accommodate up to four tenants, with each securing approximately one acre at an annual lease rate of $120,000 per tenant (or roughly $120,000 per acre).
Smaller Footprints: For tenants requiring less than one acre, a minimum annual lease of $120,000 per tenant applies.
Larger Requirements: Tenants needing more space are encouraged to consider configurations of approximately two acres, available at an annual lease rate of $240,000.