- For Sale $3,797,000
- Property Type Retail - Regional Mall
- Lot Size 10.15 Acre
- Property Tenancy Multi-Tenant
- Year Built 1971
- Year Renovated 2018
- Date Updated Feb 2, 2026
Description
Prime location on Highway 53**UPTOWN VIRGINIA MALL (THREE TENANT GROCERY ANCHORED CENTER) - 1401-1414 S 12th Ave W, Virginia, MN 55792** Exciting investment opportunity! Presenting the Uptown Virginia Mall, a thriving retail property in Virginia, MN. Boasting a prime location with high visibility on Highway 53, this 57,248 SF grocery anchored mall features Aldi, Tractor Supply, and Harbor Freight. The year 1 NOI is $341,242 with a solid 100% occupancy rate and fantastic potential for future rent growth, priced at an attractive $66 PSF. Set in a high-traffic area connecting Duluth to the Iron Range, this property benefits from a captive trade area of over 70,000 people within a 20-mile radius. Additionally, the mall is strategically positioned near major retailers like Target, Menards, and Walmart. With a renovation plan underway and a new Marshall’s store scheduled to open in 2026, the Uptown Virginia Mall is a fantastic investment opportunity not to be missed.
Highlights
- CAPTIVE TRADE AREA
- LOW AVERAGE RENT PSF/BUILDING PRICE PSF
- MALL REDEVELOPMENT
- The average rent per square foot for the Property is less than $6 per square foot net providing the ability for future rent growth. The offering price equates to just $66 psf, significantly below replacement cost.
- The interior portion of the Uptown Virginia Mall is going through a renovation that includes a new Marshall’s opening 2026.
- The property benefits from being connected to the mall but does not contribute to the interior mall expenses.
- The Property is located directly on Highway 53, the primary north south thoroughfare that connects Duluth to the Iron Range. Notable retailers located in close proximity include Target, Menards, Walgreens, Super One and Walmart.
- WELL LOCATED WITHIN THE TRADE AREA
- ZERO INTERIOR MALL EXPENSES
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Contacts
Amy Senn
Mid-America
Location
Contact Listing Broker
Amy Senn
Mid-America
