Unique Opportunity In Hopkins
Unlock the Potential and Craft Your Dreams Into Reality
Highlights and Features:
• Classic details
• Beautiful stained-glass windows
• Easy access to Hwy 169 and Hwy 7
• Hopkins is located just a short drive from Minneapolis
• Surrounded by the larger suburban communities of Minnetonka, Saint Louis Park, and Edina
• Hopkins is known for its quality of life, featuring beautiful parks, local amenities, and a charming downtown area
• Possible uses include office, art collective, co-working, event space, gathering place
• Area tenants: Pizza Hut, K’kinaco-Nikkei & Pisco Bar, Hoagie’s, Mainstreet Bar & Grill, Chipotle, The Vine Room, Cam Ranh Bay, LTD Brewing Co, A to Z Creamery, Pub 819, Nacho’s Mexican Grill, Wild Boar Bar & Grill, Thirty Bales, Bear Cave Brewing and more
For Sale:
• Church Building: 8,262 sf
• Land: .14 acres (6,098 sf)
• 2024 Tax: $7,208.60
• Sale Price: $699,000.00
Demographics:
• Average Household Population: 1 mile - 7,325, 3 miles - 44,699, and 5 miles - 109,919
• Average Household Income: 1 mile - $65,656, 3 miles - $83,047, and 5 miles - $93,423
Traffic Counts:
• Excelsior Blvd - 19,660 vpd
• Mainstreet - 4,629 vpd
• 12th Avenue N - 1,752 vpd
• 1st Street N - 1,770 vpd
• 11th Avenue N - 2,500 vpd
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.