Bloomington, Minnesota Commercial Real Estate 1 Listing

Bloomington, Minnesota: A Premier Destination for Commercial Real Estate

Introduction

Bloomington, Minnesota, is a vibrant city known for its strategic commercial real estate opportunities. As the fourth-largest city in the state, Bloomington boasts a robust economy driven by major industry clusters such as retail, healthcare, and technology. Its unique positioning near the Minneapolis-St. Paul metropolitan area enhances its appeal for commercial real estate (CRE) investors and professionals seeking dynamic markets.

Economic and Industry Overview

Bloomington's economy is diverse, with significant contributions from retail, healthcare, and technology sectors. The city is home to the famous Mall of America, which attracts millions of visitors annually, driving demand for retail and hospitality properties. Additionally, the healthcare sector, anchored by institutions such as HealthPartners and Fairview Health Services, fuels demand for office and medical spaces.

The city's commitment to economic development is evident through initiatives by the Bloomington Port Authority which supports business growth and CRE investments.

Strategic Location and Transportation Infrastructure

Bloomington's strategic location offers significant logistical advantages. The city is served by major highways, including I-35W and I-494, facilitating efficient transportation and distribution networks. The nearby Minneapolis-St. Paul International Airport enhances connectivity for business travel and freight. Additionally, Bloomington's proximity to the Twin Cities provides access to a large labor pool.

For more information, visit the Minnesota Department of Transportation and the Metropolitan Airports Commission.

Commercial Real Estate Inventory & Zoning

Bloomington features several key CRE submarkets, including the Central Business District (CBD) and South Loop District. The city offers a diverse range of asset classes such as industrial, retail, office, and medical spaces. Notable zoning changes and incentives, including Tax Increment Financing (TIF), are available for developers.

Explore the City of Bloomington Zoning Maps for detailed zoning information and parcel viewers.

Major Employers and Institutions

Bloomington hosts top employers like Mall of America, HealthPartners, and Cargill, which drive demand for commercial spaces. The presence of Normandale Community College and proximity to the University of Minnesota add to the city's attractiveness for educational and research facilities.

For more details, visit the Bloomington Chamber of Commerce.

Notable Commercial Developments & Projects

Bloomington is witnessing several large-scale developments, including the South Loop District's mixed-use projects and Opportunity Zones designed to spur economic growth. Public-private partnerships have been instrumental in transforming the urban landscape.

For planning department resources, visit the City of Bloomington Planning Division.

Building Permits, Planning, and Development Tools

Market Data & Economic Reports

Public data sets, including those from census.gov and Bloomington's open data portal, provide valuable insights into the city's economic landscape. Brevitas leverages AI-powered aggregation from public data and internal insights to offer comprehensive market data.