Apple Valley, MN Commercial Property for Sale
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Apple Valley, MN Real Estate Statistics
Property Types (active listings)
As of February 24, 2024 there are active Apple Valley, MN commercial real estate listings for sale with an average listing price of $. The highest-priced commercial property listing is $, while the lowest priced commercial property can be purchased for $. Apple Valley, MN Commercial properties for sale have an average price of $ per square foot, based on commercial listings with an average of bedrooms, bathrooms, and square feet of living space.
Apple Valley, MN Commercial Real Estate & Properties
Apple Valley, Minnesota, is a thriving community with a robust economy and plenty of opportunity for commercial real estate investors. The city is home to various businesses, from small mom-and-pop shops to large corporations, and there is always a demand for quality commercial real estate.
If you're thinking of investing in commercial real estate in Apple Valley, you can rest assured that you'll be able to find properties that fit your investment goals and budget. Many types of commercial real estate are available in the city, from office buildings and retail space to industrial warehouses and storage units. No matter what kind of property you're looking for, you're sure to find something that meets your needs in Apple Valley.
Apple Valley is a great place to invest in commercial real estate. The city offers properties at competitive prices, and there is a high demand for quality commercial real estate. If you're ready to invest in commercial real estate, contact a local real estate agent today!
Apple Valley, Minnesota's History
The area that became Apple Valley was first established in 1858 as Lebanon Township and remained a farming community for nearly a century. In the mid-1950s, residential developments started replacing farmland. Orrin Thompson, a real estate developer, was responsible for the city's early development. He contracted a company to determine where the subsequent growth in the Twin Cities would be. It was one-half of a mile from County Road 42 and Cedar Avenue. Thompson bought the first houses and streets from the Brobacks, who built the city's first four houses. The firm selected this area in Apple Valley, California, so Thompson took that name for the development. An alternate explanation for the name change exists, however. According to local developer Craig Rysberg, "Thompson wanted to start a radio station in Apple Valley and wanted something unique." Thompson thought "Apple Valley" sounded good enough to be easily remembered by potential listeners – it also helped that there was an Apple Valley in California.
On November 1, 1958, the Construction Company razed 84 farmhouses and built 176 houses in what would become Emerald Park. A school was completed by September 1959. By 1963, all of Emerald Estates had been made except for one large parcel of land on the east side of Town Line Road (County Road 46). As construction continued on Emerald Estates well into the 1960s, children who were too young to attend school were organized into temporary classrooms at Broback Academy. This ad hoc arrangement would continue until Robert Trail Junior High School opened its doors in 1965. When District 196 opened Thunderbird Elementary School in 1966 and Maya Angelou Junior High School (the forerunner of Henry Sibley High School) in 1968, even more students could attend school within city limits.5 With these new schools came to an influx of young families to Apple Valley; between 1960 and 1970, the city's population more than tripled from just under 4,000 to nearly 13,000 residents.5
The city purchased its first land for a park in 1962; three years later, voters approved a bond referendum to build Airport Park (now Town Square Park).5 In 1967, the city completed its purchase of 2200 acres (890 hectares) of undeveloped land along Pilot Knob Road from sympathetic developers who wished to see it preserved as open space; this eventually became necessary when Interstate 35E was constructed through the southern portion of town several years later.4 These purchases marked some of the earliest attempts by the municipal government to preserve open space for public use – an effort that would continue throughout Apple Valley's history.4 The 10-mile (16-kilometer) Minnesota Zoo opened its doors to visitors from all over the Midwest in 1978; ten years later, it became one of only six zoos accredited by the Association of Zoos and Aquariums (AZA). The zoo has played a significant role in animal conservation efforts locally and worldwide; it has also served as an economic engine for Apple Valley and surrounding communities, generating nearly $40 million annually, according to a 2017 report commissioned by Visit Saint Paul.
Apple Valley is home to more than 50 thousand residents – a far cry from its humble beginnings as a farming community more than 150 years ago.5 Though it has undergone tremendous changes since its incorporation as a city in 1969, Apple Valley remains committed to its small-town roots; it is a safe place to raise a family with plentiful green spaces and recreation opportunities, proximity to urban amenities but without all the hustle and bustle..5 Whether you're looking for a quiet place to call home or an exciting weekend getaway destination, you'll find everything you need in Apple Valley.
Apple Valley, Minnesota's Demographics
According to the 2010 census, Apple Valley, Minnesota's population was 49,084. The population density was 2,911.3 inhabitants per square mile (1,124.1/km2). There were 18,875 households, and the average household size was 2.6. The city's racial makeup was 83.8% White, 5.5% African American, 0.4% Native American, 5.3% Asian, 0.1% Pacific Islander, 2.0% from other races, and 3.0% from two or more races. Hispanic or Latino of any race were 4.9% of the population.
Apple Valley, Minnesota's Geographic Makeup
The city of Apple Valley is located in northwestern Dakota County in the state of Minnesota. According to the United States Census Bureau, the city has a total area of 17.57 square miles (45.51 km2), with 16.86 square miles (43.67 km2) being land and 0.71 square miles (1.84 km2) being water. The city's geography is rolling, with elevation from the lowest to highest points varying by a hundred feet or more. The downtown area and its adjacent residential district are located in a shallow valley, which lends the city its name. Interstate Highway 35E, Minnesota Highway 77 - Cedar Avenue, and County Road 42 are the three main routes in the city.
Apple Valley, Minnesota‘s Economy
The median household income in Apple Valley, Minnesota, is $90,162. In 2020, the place with the highest median household income in Apple Valley was Census Tract 608.23, with a value of $125,766. This was followed by Census Tract 608.06 and Census Tract 608.22, with respective values of $116,979 and $116,875. The median household income for the city of Apple Valley has remained relatively stable over the past few years, despite some fluctuations. However, it is essential to note that these figures represent only a snapshot of the city's economy and do not necessarily reflect the economic well-being of all residents.
Apple Valley, Minnesota's Employment
According to the most recent data, Apple Valley, MN's economy employs 29.7k people. The largest industries in Apple Valley, MN, are Health Care & Social Assistance (3,961 people), Retail Trade (3,594 people), and Professional, Scientific, & Technical Services (3,098 people). The highest-paying industries in Apple Valley, MN, are Management of Companies & Enterprises ($105,217), Professional, Scientific, & Technical Services ($82,639), and Finance & Insurance ($76,856). These data suggest that Apple Valley, MN, is a diverse and prosperous community with many employment opportunities.
Why Commercial Real Estate In Apple Valley, Minnesota?
Now that we've taken a closer look at Apple Valley, Minnesota's demographics and economic makeup, it's time to answer the question: why invest in commercial real estate here?
As we mentioned earlier, Apple Valley is a growing community with a population expected to continue to increase in the coming years. This population growth and the city's strong economy make Apple Valley an attractive option for commercial real estate investors.
In addition to population growth and a strong economy, several other factors make Apple Valley an appealing investment destination, including:
- A diverse economy with many different industries represented
- A convenient location near both Minneapolis and Saint Paul
- A variety of housing options to suit any budget
- An abundance of recreational activities and amenities
If you're considering investing in commercial real estate, Apple Valley, Minnesota, should be on your radar. With its strong economy, growing population, and convenient location, Apple Valley offers a lot of potential for commercial real estate investors.