REIT Sale | Home Depot and Northtown Mall Outparcels | 4.82 Acres | 36K VPD

Highlights:

• 4.82 Acre Regional Mall Outparcels | Subdividable: Pad to Home Depot and Northtown Mall; ±4.82 acres with the ability to divide into up to four parcels - ideal for single-tenant or multi-tenant concepts.
• Prime Visibility & Access: Frontage Along Hwy 47 at ±21,498 VPD and University Ave Extension at ±15,097 VPD.
• Strong Demographics & Retail Fundamentals: ±226,571 population and ±$98,797 average household income within 5 miles
• Flexible Mixed-Use Zoning (MU-CR 10): Broad retail/dining/office/personal-service uses permitted; multi-family and hotel as conditional uses
• Regional Draw & Employer Base: Northtown Mall generates ~234K monthly visits (Placer.ai); Blaine hosts ~1,400 businesses employing 25,000+, including Walmart, Aveda, Infinite Campus, Target and others.
• Absolute $1 Auction – NO RESERVE!

Description:

Ri Marketplace Online Auction October 27th-29th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2803/reit-sale-home-depot-and-northtown-mall-outparcels-4.82-acres-36k-vpd?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2803


Marcus & Millichap is pleased to present 4.82 acres of development land adjacent to 99 Northtown Drive NE (the “Property”) in Blaine, MN. The Property is offered at a substantial discount and offers an exceptional owner/user or investment opportunity with significant value enhancement potential via development. FIRST BID MEETS RESERVE!

The Property consists of two parcels totaling ±4.82 acres situated adjacent to Home Depot and shadow anchored by Northtown Mall. The Property benefits from visibility and frontage on both University Avenue with traffic counts of 15,097 vehicles per day and MN-Hwy 47 with traffic counts of 21,498 VPD. Other nearby retailers include Target, Walmart, Sam’s Club, Aldi, Hobby Lobby, Best Buy, Sky Zone Trampoline Park, Savers, Planet Fitness, AutoZone, Burlington, Chick-fil-A, Barnes & Nobles, Red Lobster and more. The Property benefits from MU-CR 10 Mixed Use zoning, with flexible uses permitted including retail, professional office, restaurant, residential, and many more.

Blaine, a city located in Anoka County, is part of the Twin Cities MSA and approximately 10 miles north of downtown Minneapolis. The Property is located in an affluent area with an average household income of $91,999 within a 3-mile radius and a population of 226,571 residents and an average household income of $98,797 within a 5-mile radius.


Col. Frank B., Imholte
c/o Fisher Auction Company Inc.
License: 84-302
The platform fee for this transaction is the greater of 5.00% or a minimum of $20,000.

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