Inver Grove Market II

Property Type: | Property Status: Sold

Inver Grove Market II Shopping mall

Property Details

Price: $2,100,000

CAP Rate:

Square Feet:

Tenancy Type: Mixed

Lease Type: NNN

Location Info

Address: 5743 Blaine Avenue

City: Inver Grove Heights

State: MN

Zip: 55076

Property Description

Short Description:
The Cooper Commercial Investment Group is pleased to announce the sale of Inver Grove Market II, anchored by Caribou Coffee in Inver Grove Heights, Minnesota. The 8,955 square foot asset was built in 2005 and is positioned in a growing commercial corridor just off I-52, the direct route to Minneapolis/Saint Paul.

Bob Havasi and Dan Cooper of the Cooper Commercial Investment Group in Cleveland, Ohio, had the privilege to represent the owner, an East Coast private investment group, whom Bob and Dan have worked with on multiple transactions in the past. The private North Dakota investment group purchased the property for $2,100,000, representing a 7.28% CAP Rate and approximately 99% of the original list price. Through marketing efforts, The Cooper Group generated a significant amount of interest in the property along with several other competitive offers on the center. The Cooper Commercial Investment Group looks forward to working with parties interested in selling or looking to acquire other similar commercial assets and encourages you to contact them for a no obligation, evaluation of your commercial property. Visit online at for the most up-to-date listings and information, stay connected by, “Like” them on Facebook and follow them on Twitter @TheCooperGrp.