Commercial Land in Bloomington, Minnesota, offers a unique investment opportunity for those looking to capitalize on the city's strong economy and growing population. With nearly 90,000 residents, Bloomington is a major commercial hub, home to the Mall of America and the headquarters of several prominent companies. Commercial Land in Bloomington can represent a variety of investments, from retail and office spaces to industrial and manufacturing facilities. The city's extensive park system, including Hyland Lake Park Reserve and the Minnesota Valley National Wildlife Refuge, adds to its appeal, making it an attractive location for businesses and residents alike. Additionally, Bloomington's robust economy, with over 100,000 jobs provided by various employers, and its significant hospitality center with numerous hotel rooms, make it an ideal location for commercial development. The city's infrastructure, including the Bloomington Fire Department, the Bloomington Police Department, and the Metro Blue Line, ensures that businesses have access to the resources they need to thrive.
Bloomington's Commercial Land market offers a range of opportunities, with 6 listings available. The average price per square foot is , and the average size of Commercial Land in Bloomington is square feet, with the largest property spanning 0 square feet. The average cap rate for Commercial Land in Bloomington is. In addition to Commercial Land, Bloomington also offers other property types, such as residential land, office spaces, and industrial facilities. The city's diverse economy, strong job market, and extensive amenities, including the Mall of America and Normandale Community College, make it an attractive location for businesses and investors. With its unique blend of natural beauty, economic vitality, and cultural attractions, Bloomington is an ideal location for those looking to invest in Commercial Land.
What are common commercial uses for land in the Bloomington market?
Commercial land in Bloomington is often utilized for retail purposes, taking advantage of the city's strong consumer base and proximity to the Mall of America, which attracts millions of visitors annually. Additionally, commercial land is also commonly used for office spaces, warehouses, and light industrial facilities, catering to the diverse range of industries present in the area, including technology, healthcare, and manufacturing.
What are common ways to purchase land to use in development projects?
When it comes to purchasing land for development projects in Bloomington, Minnesota, there are several common ways to do so. Whether you're looking to build a new commercial property or expand an existing one, understanding the process of buying land is crucial, and our article on how to buy land can provide valuable insights.
In Bloomington, you can find 6 available listings of commercial land for sale, with an average price per square foot of and an average size of square feet. The largest available parcel of land spans 0 square feet, offering ample opportunities for development. With an average cap rate of , investing in commercial land in Bloomington can be a lucrative venture.
