7145 Point Douglas RdCottage Grove, MN 55016

Property Details for 7145 Point Douglas Rd

Year built

2002

Lot size

1.73 AC

Property size (Sq ft)

13,662 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

17-027-21-22-0030

APU

1702721220030

Description

Gateway Center, a single-story, multi-tenant retail center in Cottage Grove, Minnesota, offers a prime retail space opportunity. Built in 2022, this 12,950 square foot property is situated at 7145 E Point Douglas Rd S, conveniently located off Highway 61 at the intersection of 80th Street and East Point Douglas Road. The property features one building with a total of 12,950 square feet, with 1,527 square feet currently vacant and available for lease. This space presents a fantastic opportunity for businesses seeking high visibility and convenient access for customers. The center enjoys a strategic location near established businesses such as Walgreens and Huntington (TCF) Bank, ensuring high foot traffic and brand synergy. The property's address is 7145 E Point Douglas Rd S, Cottage Grove, MN 55016, with the APN number 17-027-21-22-0030 in Washington County. This is a single-story building, offering easy accessibility and ample space for various retail uses. The property's prime location and proximity to major roadways make it an ideal choice for businesses looking to establish a strong presence in the Cottage Grove market. The available space is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $3,456,842

  6.5%

  $3,190,930

  7%

  $2,963,007

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,757,217

  Geo Method

  $1,757,217

• Alternative Use

  Use

  Valuation

  Residential

  $2,691,669

  Hospitality

  $2,465,555

  Educational

  $2,051,312

  Medical

  $2,121,860

  Retail

  $3,190,930

Location Insight

City

Cottage Grove

County

Washington

State

Minnesota

Latitude

44.8327

Longitude

-92.9603

CBSA code

33460

CBSA name

MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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