Bloomington Retail

3800 W Old Shakopee Rd Space
East Bloomington, Bloomington, MN
# The Point [![investment-button-sfw](http://www.colliers.com/-/media/files/united%20states/markets/minnesota/landing%20pages/property-brochure-500-sfw.jpg?la=en-us)](http://listingsprod.blob.core.windows.net/ourlistings-usa/45759f4b-e8d8-4710-9362-f96b377b3137/c06d71fc-514f-46e3-94e2-19ebd4ce6f6e)[![investment-button-sfw](http://www.colliers.com/-/media/files/united%20states/markets/minnesota/landing%20pages/aerial-button-sfw.jpg?la=en-us)](http://listingsprod.blob.core.windows.net/ourlistings-usa/45759f4b-e8d8-4710-9362-f96b377b3137/648f9b62-c541-4a6f-9432-cd58a29f2b02)[![investment-button-sfw](http://www.colliers.com/-/media/files/united%20states/markets/minnesota/landing%20pages/site-plan-button-save-for-web.jpg?la=en-us)](http://listingsprod.blob.core.windows.net/ourlistings-usa/45759f4b-e8d8-4710-9362-f96b377b3137/d73800e2-e80b-4c84-ae82-9590d79600ef) #### Property Information **Availability:** 1,588 sf | 1,659 sf | 2,281 sf **Est. CAM & Tax:** $14.70 psf (with Lobby) | $13.39 psf (without Lobby) **Traffic Counts:** France Ave: 12,000 vpd W Old Shakopee Rd: 22,200 vpd **Demographics:** |   | 1 Mile | 3 Miles | 5 Miles | | Population | 10,810 | 54,431 | 180,933 | | Average HH Income | $87,514 | $84,604 | $86,933 | **Anchor Tenants:** Chipotle, Jimmy John's, Metro Dental, Great Clips, Nick N Willy's, Northstar Lacrosse and Normandale Chiropractic **Area Tenants:** Cub Foods, Big Lots, Walgreens, Planet Fitneses, Penn Cycle & Fitness, Caribou Coffee, Bruegger's Bagels, McDonald's and MGM #### Comments: The Point is a strong mixed use retail-office building that includes a combination of both national and independent retailers/medical groups. The center is positioned at the highly traveled intersection of Old Shakopee Road and France Avenue in a very dense area of Bloomington. There currently is a 1,588 SF space available that was formerly occupied by a salon; it includes all of the necessary plumbing hook-ups.

Bloomington

Office Space Market Report

Number of Listings (last 90 days)
225
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
5,190
As of: May 21, 2017

Bloomington Rates

The typical asking rate per listing is in the $20's per square foot per year. The Bloomington region is seeing a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 6% increase in rent.

Bloomington Listing Supply

In the last 90 days, 225 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Bloomington are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 5,190 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 3 stories. Most buildings in this area were built in 1983 and are Class A.

Bloomington Community

Market Report

Trends and status of the commercial real estate market in Bloomington.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Bloomington.
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