Freeway Access & Visibility -
Direct visibility from I-494 with over 169,000 VPD. Located along Southtown Drive with quick access to the Interstate. Strategically located at the intersection of I-494 and Xerxes Avenue and near to I-35W.
Great Twin Cities Suburb -
Conveniently located to both downtown Minneapolis and St. Paul and about 7 miles west of the Minneapolis-St. Paul International Airport. Bloomington is Minnesota's fourth largest city and is known for being home to the largest mall in the US, the Mall of America, which welcomes 40 million visitors per year.
Strategic Retail Location -
This property has a great corner location in a highly populated area with big traffic counts and is near major retailers including Target, Hobby Lobby, Petco, T.J. Maxx, Kohl's, and many others. The building features over 36,000 SF, a large parking lot, great signage, and visibility.
Strong Demographics -
The area is densely populated with over 980,000+ people within a 10-mile radius of the subject property, with an average household income of over $115,000.
Great Redevelopment Site -
Large 3-acre lot with prime real estate that could be redeveloped for various tenants. According to CoStar, there is not much under construction, helping fuel the historically low available inventory. The vacancy rate for the market is 2.5%, but it is even lower for General Free Standing Retail buildings. This property is also being offered for lease.