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Last updated on December 16th, 2024

Synergy Dance | Revelation Fitness

$2,450,000

109 Elm Street, Farmington, Minnesota 55024


Building Size15,150 Square Feet
Land Size1.67 Acres
Zoning-
Year Built2005

100% Occupied with Two Community Focused Tenants

  • Synergy Dance Center been a tenant since 2010 and its team has more than 30 years of industry experience
  • Revelations Fitness is a new fitness center catering to people recovering from surgery, with injuries or seeking a new fitness environment.

Leases Provide 3% Annual Increases

Prime Location

  • Adjacent to Great Oaks Academy (K-6), with 430+ students generating consistent traffic and visibility and a 10K sq ft Regional Post Office
  • Just 25 miles from Minneapolis-St. Paul, offering small-town charm with metro accessibility

Recent Remodel of Fitness Space and Replacement of Heat Exchangers in 4 HVAC Units

Strong Demographics

  • Population within 5-mile radius: 53,842
  • Average household income: $141,004

Priced Below Building Replacement Cost

Growing Market: Farmington Developments

  • New housing developments in Farmington include single-family homes, multi-family homes, townhouses, and an apartment complex.
  • Developments include Sapphire Lake (70 Acre Development with 131 single-family homes), Vermillion Commons (75.8 Acre townhome development), the Yellow Tree Development (168-unit apartment complex), and more.

The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.

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