East Bloomington Retail

3800 W Old Shakopee Rd Listing
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/d47e01a9-d6f3-4149-b60c-76f29f384305)[![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 | 1,699 sf | 2,281 sf **Est. CAM & Tax:** $14.98 psf (with Lobby) | $13.25 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.

East Bloomington

Office Space Market Report

Number of Listings (last 90 days)
90
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
5,017
As of: December 2, 2016

East Bloomington Rates

Most listings are in the $10's per square foot per year. The East Bloomington region is going through a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 16% decline in rent.

East Bloomington Listing Supply

In the last 90 days, 83 listings have been made available, so you'll want to check back regularly for new listings. About 4% of the available space in the East Bloomington are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 4,441 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this region were built in 1981 and are Class B.

East Bloomington Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this region. Most of the residents of East Bloomington work from home. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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