Plymouth, Minnesota, is an attractive location for investors seeking commercial real estate opportunities. With its strong economy and excellent infrastructure, the city offers a solid foundation for businesses to grow and thrive. Commercial real estate in Plymouth encompasses a range of properties, including office buildings, retail spaces, and industrial facilities, each offering unique investment opportunities. The city's amenities, such as the Park Nicollet Plymouth Clinic and WestHealth Medical Center, as well as its educational institutions, including Association Free Lutheran Bible School and Seminary, make it an attractive location for businesses and residents alike. Plymouth's proximity to downtown Minneapolis and its position within the Minneapolis-Saint Paul metropolitan area also contribute to its appeal. Additionally, the city's scenic natural beauty, including Medicine Lake, and its cultural attractions, such as the Plymouth Ice Center, make it a desirable location for businesses and residents.
Currently, there are 19 commercial real estate listings available in Plymouth, offering a range of options for investors. The average price per square foot for commercial real estate in Plymouth is $310 USD, with an average property size of 29,497 square feet. The largest property available is 203,656 square feet. In addition to commercial real estate, Plymouth also offers industrial properties, such as warehouses and manufacturing facilities, which can be found along the city's main transportation routes, including Interstate 494 and U.S. Highway 169. Apartment buildings and office properties are also available in the city, offering opportunities for investors to diversify their portfolios. Hotels and other hospitality properties can also be found in Plymouth, catering to the city's visitors and business travelers. Overall, Plymouth's commercial real estate market offers a range of opportunities for investors, with its strong economy, excellent infrastructure, and attractive amenities making it an ideal location for businesses to grow and succeed.
What financing options are available for purchasing commercial real estate?
When it comes to financing options for purchasing commercial real estate in Plymouth, Minnesota, there are several alternatives to consider, including:
- SBA Loans, which offer flexible terms and lower down payments, making them an attractive option for small business owners and entrepreneurs;
- Conventional Loans, which provide competitive interest rates and a range of repayment terms, making them suitable for established businesses and investors;
- Private Money Loans, which offer quick access to capital and flexible terms, making them ideal for fix-and-flip projects and short-term investments.
It's essential to carefully evaluate your financial situation, business goals, and property requirements to determine the most suitable financing option for your commercial real estate purchase in Plymouth, where there are currently 19 available listings, with an average price per square foot of $310 USD and an average size of 29,497 square feet.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Plymouth, Minnesota, cap rates play a crucial role in determining the potential return on investment. With an average cap rate of 7%, investors can gauge the property's income-generating potential, making it essential to understand what is a cap rate and how it affects their investment decisions, as outlined in our article at what is a cap rate.
In Plymouth, where there are currently 19 available listings of commercial real estate, investors can explore opportunities ranging from 1,250 to 203,656 square feet, with an average price per square foot of $310 USD. By factoring in the cap rate, investors can make informed decisions about their commercial real estate purchases, ensuring a strong potential for returns in this desirable Minneapolis-St. Paul metropolitan area location.
What is considered a commercial property?
In Plymouth, Minnesota, a commercial property is typically defined as a building or land used for business or commercial activities, such as office spaces, retail stores, restaurants, warehouses, and other income-generating properties. These properties can range in size from 29,497 square feet to 203,656 square feet, with an average price per square foot of $310 USD and an average cap rate of 7%, offering a variety of opportunities for investors and business owners in the area.
