17625 Kenrick AveLakeville, MN 55044

Property Details for 17625 Kenrick Ave

Year built

2011

Lot size

2.35 AC

Property size (Sq ft)

20,567 SF

Property type

Retail space

APN

22-11875-01-063

APU

221187501063

Description

This exceptional freestanding retail building, located at 17625 Kenrick Avenue in Lakeville, Minnesota, presents a unique opportunity for a single tenant. Boasting a substantial 20,567 square feet of space, the building is entirely vacant and ready for immediate occupancy. Constructed in 2011, the property is a single-story structure situated on a generous 2.35-acre lot encompassing 102,366 square feet. Ample parking is provided with 96 spaces available for customers and employees. The building is zoned C-3, allowing for a wide range of retail uses. Its location in Dakota County, with a 55044 zip code, offers excellent visibility and accessibility. The property's size and layout provide significant flexibility for a variety of retail concepts. This is an ideal opportunity for a business seeking a prominent location with substantial space in a thriving community. The property is ready for immediate lease and offers a chance to establish a strong retail presence in a high-traffic area. Interested parties are encouraged to inquire further to explore the possibilities this exceptional property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $4,976,766

  6.5%

  $4,593,938

  7%

  $4,265,799

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,645,344

  Geo Method

  $2,645,344

• Alternative Use

  Use

  Valuation

  Residential

  $3,875,158

  Hospitality

  $3,549,624

  Educational

  $2,953,246

  Medical

  $3,054,812

  Retail

  $4,593,938

Location Insight

City

Lakeville

County

Dakota

State

Minnesota

Latitude

44.694

Longitude

-93.289

CBSA code

33460

CBSA name

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

Property Tax & Assessments

FAQs

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