15662 Pilot Knob RdApple Valley, MN 55124

  • Strip malls
  • 6,979 SF

Property Details for 15662 Pilot Knob Rd

Year built
2012
Lot size
1.43 AC
Property size (Sq ft)
6,979 SF
Property type
Strip malls
Property subtype
Neighborhood centers
APN
01-18071-01-010
APU
11807101010

Description

This exceptional 6,979 square foot retail property, located at 15662 Pilot Knob Rd, Apple Valley, MN 55124, presents a compelling investment opportunity. Built in 2012, this formerly Pizza Ranch location has been completely renovated into a vibrant retail center. Its strategic location in Dakota County offers convenient access to Interstate 35W, ensuring high visibility and significant traffic flow. This translates to a strong potential for business success and return on investment. The property's prime location within the growing Apple Valley market makes it an attractive prospect for businesses seeking to establish a presence in a thriving area. The 6,979 square feet of retail space provides ample room for a variety of commercial uses. This property is ideal for investors looking to capitalize on the robust retail market and high traffic volume associated with its convenient highway access. The property's recent transformation ensures modern amenities and a ready-to-occupy space. This is a rare opportunity to acquire a well-positioned retail property in a dynamic and expanding market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,688,766
    6.5%
    $1,558,861
    7%
    $1,447,514
  • Comparable approach

    Method
    Valuation
    Relative Method
    $897,645
    Geo Method
    $897,645
  • Alternative Use

    Use
    Valuation
    Residential
    $1,314,957
    Hospitality
    $1,204,494
    Educational
    $1,002,125
    Medical
    $1,036,589
    Retail
    $1,558,861

Location Insight

City
Apple Valley
County
Dakota
State
Minnesota
Latitude
44.7215
Longitude
-93.1761
CBSA code
33460
CBSA name
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$44,330
$718,100
$690,500
$1,408,600
-
$718,100
$690,500
$1,408,600

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