7500 42Nd AveNew Hope, MN 55427
- Commercial real estate
- 1.13 AC
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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