, Savage, MN 55378 (MLS# 7008036)

Savage, MN 55378

$2,000,000
Property Type: Commercial Square Footage: 19,489 Lot Size (sq. ft.): 81,457 Status: Closed
Current Price: $2,000,000 List Date: 1/13/2026 Last Modified: 8/27/2026

Overview

Description

Great financial opportunity. Fully leased strip mall with long-term tenants and excellent payment history. Each unit has their own meter, HVAC unit, bathroom and exterior entrance. Unobstructed exposure to MN Hwy 13 with an average of 44,000 vehicles per day. Please do not disturb tenants.

Listing Details MLS# 7008036

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
63
Owner Occupied
No
Waterfront YN
No
Year Built
1982
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
19489
For Sale or Lease
For Sale
Acres
1.87
Lot Dimensions
63x89x213x309x282x178
Assessment Pending
Unknown

Property Features

Accessible: No Stairs External; No Stairs Internal; Other Air Conditioning: Central Air CMU Style: Retail/Shopping Center Construction Materials: Concrete Construction Status: Previously Owned Current Use: Other; Restaurant; Retail Exterior: Other Financing Terms: Other Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional Location Description: Downtown; Strip Center Miscellaneous Information: 2+ Lavatories; Building Sign; Exterior Lighting On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Parking Characteristics: Paved Lot Potential Use: Other; Restaurant; Retail Rent Rate per Foot: Net Road Frontage: City Street Roof: Age Over 8 Years; Asphalt-Rolled; Flat Sewer: City Sewer/Connected Stories: One Topography: Level Wall Description: Concrete/Block Water: City Water/Connected

Contract Information

Off Market Date
2026-04-07
Closed Date
2026-04-07
Sales Close Price
2000000
Contingency
None
ListPrice
2500000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

Postal City
Savage
County
Scott
State
MN
Zip Code
55378
Complex/Dev/Subdivision
Hansons 1st Add

Assessments

Tax With Assessments
51830

Building Information

Building Finished SqFt
19489
Building SqFt
19489

More Information

Income and Expenses

Annual Gross Income
185301.83
Annual Net Income
177319.44
Total Annual Expenses
7982.39

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Sale Options

Sale Includes
Building

Unit Details

Total Units
10
IDX
Listing Office: Chestnut Realty Inc
Last Updated: August - 27 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.