Normandale Village

Off-Market

5101 West 98th Street, Bloomington, MN 55437

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Retail - Neighborhood Center
  • Property Size 140,400 SF
  • Lot Size 18.93 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1973

Contacts

Find property contacts with verified and updated contact information on CommercialEdge: owners, building management, representatives from permits and tenants.

Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space		 Rent Price Lease
Type		 Space
Type		 Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross		 General
Office		 11/01/2014-
N/A
370 17th Street
#6000		 Morrison & Foerster,
(303) 592-1500		 10,710 SF $26/SF/YR Full
Service		 General
Office		 08/01/2013-
07/31/2023
Unlock on CommercialEdge

This is a preview. The total list of tenants and suites, along with other lease information, for this property is available on CommercialEdge.

Brokers

Do you represent this property? Claim it!

List your spaces with ease and generate only verified leads with CommercialEdge Marketing.

Add listing for free

Documents

Access researched data with nationwide coverage on CommercialEdge: sales, mortgages, financials, title documents and more.

Sales

  • Purchase Date 23 Dec, 2015
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Bloomington

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
Unlock on CommercialEdge
Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
Unlock on CommercialEdge

Asking Rents in Bloomington Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2022 Avg. Asking Rent $26.80
  • 2022 Office Vacancy Rate 18.97%
  • 2022 Office Completions (SF)

Bloomington Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2022 Avg. Price per SF $108.92
  • Y-o-Y Avg. PpSF Change -5.83%
  • 2022 Office Sales Volume $23.4M
  • 2022 Number of Transactions 3
View more Bloomington market trends

Location

Getting Around

  • Walk Score ®

    54/100 Somewhat Walkable

  • Bike Score ®

    44/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Bloomington, MN
  • Neighborhood Bloomington
  • Zip Code 55437
  • Market Minneapolis St Paul

Points of Interest

  • Golden Triangle

    4.76 miles

  • Town Center

    4.76 miles

  • SouthWest

    5.35 miles

  • City West

    5.52 miles

  • South Train Station

    5.59 miles

  • North Train Station

    5.64 miles

  • Mall of America

    5.69 miles

  • Opus

    6.01 miles

  • 28th Avenue

    6.06 miles

  • Bloomington Central

    6.31 miles

  • Holiday

    1.26 miles

  • Gas For Less

    1.80 miles

  • Holiday

    1.88 miles

  • Shell

    2.11 miles

  • BP

    2.16 miles

  • Bloomington Holiday Stationstore

    2.18 miles

  • Speedway

    2.51 miles

  • Speedway

    2.52 miles

  • SA

    2.52 miles

  • Bobby & Steve's Auto World

    2.55 miles

  • Normandale Village

    0.04 miles

  • St. Edward's Catholic Church

    0.70 miles

  • Transfiguration Lutheran Church

    1.45 miles

  • Bush Lake East Lot

    1.67 miles

  • Richardson Nature Center

    1.80 miles

  • Bush Lake West Lot

    1.91 miles

  • Lake Normandale West Lot

    2.01 miles

  • Tealwood Care Centers

    2.07 miles

  • Rhode Island KinderCare

    2.08 miles

  • River Bluff Dental - Dr. Walter Palmer

    2.10 miles

  • Perkins

    0.11 miles

  • McDonald's

    1.26 miles

  • Jimmy John's

    1.26 miles

  • Chipotle

    1.30 miles

  • Bruegger's Bagels

    1.35 miles

  • Willy McCoy's

    1.37 miles

  • Dairy Queen

    1.41 miles

  • Panchero's Mexican Grill

    1.88 miles

  • Jimmy John's

    1.93 miles

  • CW's Bar and Grill

    1.94 miles

  • Lunds & Byerlys

    0.13 miles

  • Cub Foods

    1.18 miles

  • Trader Joe's

    2.48 miles

  • Marshalls

    2.58 miles

  • Jerry's Foods

    2.72 miles

  • Target

    2.97 miles

  • Festival Foods

    3.01 miles

  • Whole Foods Market

    3.11 miles

  • TJ Maxx

    3.12 miles

  • Kohl's

    3.20 miles

Frequently Asked Questions

What is the total square footage of Normandale Village?

Normandale Village totals 140,400 square feet.

When was this property built?

Normandale Village was built in 1975.

When was Normandale Village last sold?

Normandale Village was last sold on 23 Dec, 2015.

What is the property tax for Normandale Village?

The property tax for Normandale Village in 2022-2023 was $527,389.

What is the market value for Normandale Village?

The market value* for Normandale Village in 2022-2023 was $18,775,000.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.