916 MainstreetHopkins, MN 55343

  • Commercial real estate
  • 0.12 AC

Property Details for 916 Mainstreet

Year built
1900
Construction
WOOD
Lot size
0.12 AC
Property type
Commercial real estate
APN
24-117-22-34-0011
APU
2411722340011

Description

This exceptional two-story, 3,442 square foot creative office building is situated at 916 Mainstreet in the heart of historic downtown Hopkins, Minnesota. Built in 1900, this single-tenant property boasts a classic brick façade and offers a unique opportunity for owner-occupancy or investment. Located in Hennepin County, zip code 55343, the building benefits from its walkable environment and proximity to a diverse range of businesses, restaurants, bars, and shops. Downtown Hopkins is experiencing rapid growth and is known for its thriving atmosphere. The property enjoys a remarkable walk score of 90, placing it among the top three in the state, highlighting its convenient location. Commuters will appreciate the easy access to Highways 7 and 169. This property presents a rare chance to acquire a well-situated, character-filled building in a highly desirable and rapidly developing area. The building's potential is significant, whether for an owner-user seeking a unique workspace or an investor looking for a strong return. The property's size and location make it an attractive option for a variety of businesses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,099,988
    Hospitality
    $1,007,583
    Educational
    $838,297
    Medical
    $867,128
    Retail
    $1,304,018

Location Insight

City
Hopkins
County
Hennepin
State
Minnesota
Latitude
44.9241
Longitude
-93.4123
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
$7,691
$103,000
$162,000
$265,000
-
$103,000
$162,000
$265,000

FAQs

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