DoubleTree Parking Lot - 2.57 Acres

Land

5700 W 78th St, BloomingtonMN 55439

Property Details

Location

Address
5700 W 78th St, BloomingtonMN 55439
County
Hennepin
Submarket
MN - Southwest

Building Size

Building Size

Building Details

Type
 Land
Number of Buildings
Occupancy Type
Percent Occupied
Building Class
Floors
Year Built
Sprinklers
Parking Ratio
Water Frontage
Not present

Land & Utilities

Land (Acres)
2.57 Acres
Land (SF)
111,949 SF
Zoning
Lot Depth
Lot Width

Contacts

Current Listings

DoubleTree Parking Lot Ground Lease

2.57 Acres$2,457,734
Cap Rate: 5%

• The hotel has leased this parking lot for over 42 years on a ground

lease.

• Excellent location near I-494 with 175,000 vehicles per day and

MN-100 with 73,000 vehicles per day.

• Ideally located less than 10 minutes from Mall of America, and the

Minneapolis-Saint Paul International Airport.

• Bloomington is home to Mall of America, the largest mall in the

United States with over 500 stores and 40 million visitors annually.

• Excellent demographics with a population of 67,899 and average

household income of $140,479 within a 3-mile radius.

• Bloomington is the 4th largest city in Minnesota and has a

workforce of 84,000 employees.

• The hotel has leased this parking lot for over 42 years on a ground

lease.

• Excellent location near I-494 with 175,000 vehicles per day and

MN-100 with 73,000 vehicles per day.

• Ideally located less than 10 minutes from Mall of America, and the

Minneapolis-Saint Paul International Airport.

• Bloomington is home to Mall of America, the largest mall in the

United States with over 500 stores and 40 million visitors annually.

• Excellent demographics with a population of 67,899 and average

household income of $140,479 within a 3-mile radius.

• Bloomington is the 4th largest city in Minnesota and has a

workforce of 84,000 employees.

View Details
View Details

Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

©Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Catylist Real Estate Software, Inc. does not assume any liability for errors or omissions.

Commercial Exchange is a national commercial real estate marketplace powered by Catylist.