Hair District

St. Louis Park, MN 55416
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Property Description

3715-3725 Grand Way
St. Louis Park, MN 55416

Status: For Sale

Property Type: Retail

Reduced Sale Price - Adjacent Retail Condos For Sale On Grand Way!

Highlights and Features:

  • Well situated retail condo on Grand Way
  • Current tenant in space since 2005
  • Sellers will continue to own the operating business and personally guarantee the 5-year lease
  • New $325,000 renovation completed in July 2021
  • Cap Rate 7.5%
  • Current lease is $25.00 psf NNN
  • Excelsior & Grand Condos are part of this mixed-use building
  • Ample off-street parking
  • Easy access to retail, restaurants, and parks
  • Area tenants: Trader Joe's, Bridgewater Bank, Hazelwood Food & Drink, Xfinity, CVS, Junk Genius, McCoys, Waxing the City, Starbucks, Kindercare, Fresh Thyme Market, Honey & Rye, It's Still Me, Corepower Yoga, Park Nicollet Urgent Care, Lunds & Byerlys, Mexican Grill, McDonald's, Miracle Mile Shopping Center, Half Price Books, Sherwin-Williams, Goodwill, LA Fitness, and more

Available For Sale: 4,351 SF

  • 3715 Grand Way/Suite 1-C: 1,351 sf
  •    2021 Tax: $10,339.08
  • 3725 Grand Way/Suite 2-C: 3,000 sf
  •    2021 Tax: $21,254.90
  • Sale Price: $1,450,000.00

*** Please schedule an appointment to see the space and refrain from touring during business hours so as to not impact the current tenant’s business and staff. Thank you.

Additional Info