7500 42Nd AveNew Hope, MN 55427

  • Commercial real estate
  • 1.13 AC
For Lease

Property Details for 7500 42Nd Ave

Year built
2006
Construction
STEEL FRAME
Lot size
1.13 AC
Property type
Commercial real estate
APN
17-118-21-22-0039
APU
1711821220039

Description

This exceptional retail property, located at 7500-7560 42nd Ave N in New Hope, Minnesota, offers 9,600 square feet of completely vacant space, ideal for multiple tenants. Built in 2006, the property boasts a modern design and is situated in Hennepin County, zip code 55427. The building is configured to accommodate various business needs, with spaces ranging from a minimum of 1,200 square feet to a maximum contiguous space of 3,600 square feet. This flexibility allows for a diverse range of tenants, from smaller boutiques to larger retail operations. Ample parking is provided with 150 spaces available for customers and employees. The property's location in New Hope offers excellent visibility and accessibility, making it an attractive option for businesses seeking a thriving retail environment. The property is classified as a multi-tenant storefront, providing opportunities for synergistic businesses to co-locate. This presents a unique chance to establish a vibrant retail hub in a desirable location. The entire 9,600 square feet is currently vacant, presenting a blank canvas for a new retail development or a strategic expansion for an existing business. This property is ready for immediate occupancy.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $11,356,236
    Hospitality
    $10,402,251
    Educational
    $8,654,551
    Medical
    $8,952,194
    Retail
    $13,462,635
7500 42Nd Ave, New Hope, Minnesota

Location Insight

City
New Hope
County
Hennepin
State
Minnesota
Latitude
45.0335
Longitude
-93.3756
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
$46,521
$442,000
$1,021,000
$1,463,000
-
$442,000
$1,021,000
$1,463,000

FAQs

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