Richfield, MN Commercial Real Estate for Lease and Sale

Explore 12 listings of Richfield commercial real estate to find the best space for your business.

Woodlake Center

6601 Lyndale Avenue South, Richfield, MN
Property

Office

190,000 SF
Availability

6 Spaces

29,398 SF
Year Built

1955
For Lease

$18.00 - $21.00/SF/YR
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7610 Lyndale Ave S

7610 Lyndale Ave S, Richfield, Minneapolis, MN
Property

Retail

132,324 SF
Availability

2 Spaces

3,856 SF
Year Built

2004
For Lease

$20.00/SF/YR
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Kensington Park

7610 Lyndale Avenue South, Richfield, Minneapolis, MN
Property

Retail

28,135 SF
For Sale

$6,700,000
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Richfield Shoppes

6501-6535 Nicollet Ave. S., Richfield, MN
Property

Retail

84,215 SF
Availability

6 Spaces

11,242 SF
For Lease Contact for pricing
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Cedar Point Commons

1700 East 66th Street, Richfield, MN
Property

Retail

9,914 SF
Availability

1 Space

1,943 SF
For Lease Contact for pricing
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Kensington Park

7610 Lyndale Ave S, Richfield, MN
Property

Retail

28,135 SF
Availability

2 Spaces

3,856 SF
Year Built

1949
For Lease

$20.00/SF/YR
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Southdale Square

2900-2940 West 66th Street, Richfield, Edina, MN
Property

Retail
Availability

1 Space

6,534 SF
Year Built

1961
For Lease Contact for pricing
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National Veterinary Associates, Inc

6436 Lyndale Ave S, Richfield, Minneapolis, MN
Property

Retail

9,183 SF
For Sale

$3,890,767
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6445 Lyndale Avenue South

6445 Lyndale Avenue South, Richfield, MN
Property

Retail

133,141 SF
Availability

1 Space

7,200 SF
Year Built

2022
For Lease Contact for pricing
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I-494

I-494, Richfield, Inner Groove Heights, MN
Property

VacantLand

62.61 SF
For Sale Contact for pricing
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6440 Nicollet Ave

6440 Nicollet Ave, Richfield, MN
Property

Office

5,596 SF
For Sale

$1,237,500
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I-494

I-494, Richfield, Inner Groove Heights, MN
Property

VacantLand

40.93 Acre
For Sale Contact for pricing
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.
- Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Richfield commercial real estate market incorporates 195,596 square feet of office space across 2 buildings.
  
  Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
- Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Richfield commercial real estate market includes 415,864 square feet of retail space in a variety of settings.
- Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities.
The listing inventory in Richfield incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Richfield is represented by Retail space, which accounts for 34,631 square feet of available listings. Office space available in Richfield adds up to 29,398 square feet.

Meanwhile, most of the listings of commercial property for sale in Richfield are in the Retail category.
The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.
The average rent for commercial real estate space listed for lease in Richfield is $20 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Richfield can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.
Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Richfield, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.
Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!
The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $21 per square foot.
The average size of a commercial property in Richfield depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:
- In Richfield, the average size of an office property is 97,798 square feet.
- Retail properties here incorporate an average of 69,311 square feet.

Richfield, MN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Richfield currently add up to 64,029 square feet. The market offers 1 active office listing(s), which amount to 29,398 square feet and account for 14% of commercial spaces on the market. Local retail availability includes 34,631 square feet across 6 retail space(s).

Property Type	Count of Listings	Total SF
Office	1	29,398
Retail	6	34,631

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Richfield, MN. Currently, there is 52,223 square feet of commercial property for sale here , which includes , 2 retail investment opportunity listing(s) .

Property Type	Count of Listings	Total SF
Retail	2	52,119
Other	2	104

About us

CommercialCafe is your go-to commercial real estate listing source. We partner with highly respected major brokerages from across the country to ensure high-quality listings that are updated frequently. Our online marketplace lists all commercial property types from office, coworking, retail, and industrial to special purpose properties.

CommercialCafe is a trusted Yardi brand and is an integral part of the CommercialEdge network — the fastest-growing network of online real estate marketplaces, which ranks on the 1st page of Google for all top markets, attracts more than 2 million monthly visits, and generates more than 350,000 broker contacts.

Richfield, MN Commercial Real Estate for Lease and Sale

Woodlake Center

7610 Lyndale Ave S

Kensington Park

Richfield Shoppes

Cedar Point Commons

Kensington Park

Southdale Square

National Veterinary Associates, Inc

6445 Lyndale Avenue South

I-494

6440 Nicollet Ave

I-494

Frequently Asked Questions

Richfield, MN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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