What are the different types of commercial real estate?

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 Elk River commercial real estate market incorporates 32,938 square feet of office space across 3 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 Elk River commercial real estate market includes 1,183,425 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. Across the Elk River market, there is a total of 1,137,741 square feet of industrial property.

What types of commercial real estate are available in Elk River, MN?

The largest share of commercial real estate space for lease in Elk River is represented by Retail space , which accounts for 27,278 square feet of available listings. Office space available in Elk River adds up to 3,008 square feet.

What factors affect the price of commercial real estate in Elk River, MN?

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.

What are the best areas for commercial real estate in Elk River, MN?

The best choice of location for commercial space depends on the factors that are most relevant to your business. 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 Elk River, 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.

How do I find a good commercial real estate broker?

Whether or not 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!

What is the most profitable commercial real estate?

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 $19 per square foot.

What is the average size of a commercial property in Elk River, MN?

The average size of a commercial property in Elk River 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 Elk River, the average size of an office property is 10,979 square feet. Retail properties here incorporate an average of 118,343 square feet. Industrial space in Elk River is in buildings that are, on average 113,774 square feet in size.

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25 Commercial Real Estate Listings in Elk River, MN

CRE Market Stats

18296 Zane St NW

18296 Zane St NW, Elk River, MN
For Sale

$7,500,000
Property

Retail

7,882 SF
Year Built

1984
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Elk Park Center

19216 Freeport Ave, Elk River, MN
For Lease

Contact for pricing
Property

Retail

205,009 SF
Availability

8 Spaces

27,278 SF
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Elk Ridge Lot A

Holt St NW, Elk River, MN
For Sale

Contact for pricing
Property

VacantLand

2.95 Acre
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817 Main Street

817 Main Street, Elk River, MN
For Sale

$375,000
Property

Office

3,008 SF
Year Built

1900
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550 Freeport Avenue NW

550 Freeport Avenue NW, Elk River, MN
For Sale

$3,800,000
Property

Retail

74,750 SF
Year Built

1986
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817 Main Street

817 Main Street, Elk River, MN
For Lease

$3,300.00/MO
Property

Office

3,008 SF
Availability

1 Space

3,008 SF
View Details (opens in new window)
Elk Commons

17994 Zane St NW, Elk River, MN
For Lease

Contact for pricing
Property

VacantLand

10,200 SF
Availability

4 Spaces

10,200 SF
View Details (opens in new window)
Off Market
18185 Zane Street NW

18185 Zane Street NW, Elk River, MN
Property

Retail

204,987 SF
Year Built

2000
Off Market
19178 Industrial Blvd

19178 Industrial Blvd, Elk River, MN
Property

Industrial

85,180 SF
Year Built

1991
Off Market
10752 168th Circle

10752 168th Circle, Elk River, MN
Property

Industrial

105,000 SF
Year Built

2015
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Off Market
17219 US Highway 10 NW

17219 US Highway 10 NW, Elk River, MN
Property

Retail

74,109 SF
Year Built

1965
Off Market
10700 165th Avenue NW

10700 165th Avenue NW, Elk River, MN
Property

Industrial

117,429 SF
Year Built

1987
Off Market
12698 Industrial Blvd NW

12698 Industrial Blvd NW, Elk River, MN
Property

Industrial

132,232 SF
Year Built

1988
Off Market
290 Main Street NW

290 Main Street NW, Elk River, MN
Property

Office

26,922 SF
Year Built

1993
Off Market
13512 Business Center Drive NW

13512 Business Center Drive NW, Elk River, MN
Property

Industrial

79,765 SF
Year Built

2001
Off Market
19146 Freeport Street NW

19146 Freeport Street NW, Elk River, MN
Property

Retail

89,638 SF
Year Built

1994
Off Market
15612 Jarvis Street NW

15612 Jarvis Street NW, Elk River, MN
Property

Retail

114,320 SF
Year Built

1997
Off Market
828 4th Street NW

828 4th Street NW, Elk River, MN
Property

Industrial

79,405 SF
Year Built

1960
Off Market
18195 Waco Street NW

18195 Waco Street NW, Elk River, MN
Property

Industrial

105,900 SF
Year Built

2007
Off Market
14100 Business Center Drive NW

14100 Business Center Drive NW, Elk River, MN
Property

Industrial

240,000 SF
Year Built

2007
Off Market
19521 Evans Street NW

19521 Evans Street NW, Elk River, MN
Property

Retail

209,899 SF
Year Built

1997
Off Market
19425 Evans Street NW

19425 Evans Street NW, Elk River, MN
Property

Retail

68,043 SF
Year Built

1997
Off Market
10846 170th Avenue NW

10846 170th Avenue NW, Elk River, MN
Property

Industrial

100,000 SF
Year Built

2013
Off Market
18011 Zane Street NW

18011 Zane Street NW, Elk River, MN
Property

Retail

134,788 SF
Year Built

2003
Off Market
10800 175th Avenue NW

10800 175th Avenue NW, Elk River, MN
Property

Industrial

92,830 SF
Year Built

2008