Office/Retail Space For Lease In The Heart Of Elk River!

804 Freeport Avenue Northwest Elk River, MN 55330

804 Freeport Avenue Northwest , Elk River, MN, 55330
804 Freeport Avenue Northwest , Elk River, MN, 55330 804 Freeport Avenue Northwest , Elk River, MN, 55330
FOR LEASE
Property Type:
Strip Center
Amount:
Please Call Broker for Price

Cap Rate:
0.00%
Last Verified:
Mar 12, 2024

Office/Retail Space For Lease In The Heart Of Elk River! Highlights & Features: • Conveniently located off Highway 169 • Ample parking • Fast growing community • Strong demographics • Join co-tenants: O’Reilly Auto Parts, and Health Source • Neighboring tenants include Buffalo Wild Wings, Just For Kix, North Memorial Health Clinic & Urgent Care, Burger King, Flowers Plus of Elk River, Dolphin Car Wash, Sonic Drive-In, McDonald’s, New Hong Kong Buffet, Perkins, Country Inn & Suites, Pizza Ranch, Starbucks, Cub Foods, and more Demographics and Traffic Counts: • Average Population: 1 mile - 3,762, 3 miles - 15,871, and 5 miles - 28,938 • Average Household Income: 1 mile - $66,070, 3 miles - $80,383, and 5 miles - $84,332 • Traffic Counts: Freeport Avenue NW - 4,000 vpd, Hwy 169 - 42,169 vpd, and School Street - 9,200 vpd Space Available: • Suite A: 655 sf • Suite B: 1,589 sf • 2024 CAM/Tax: $4.69 psf • Lease Rate: Negotiable

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Map of 804 Freeport Avenue Northwest , Elk River, MN, 55330

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.