Bloomington, MN Commercial Property for Sale (3 Real Estate Listings)
Bloomington, MN Real Estate Statistics
Property Types (active listings)
As of November 28, 2023 there are 3 active Bloomington, MN commercial real estate listings for sale with an average listing price of $1,459,667. The highest-priced commercial property listing is $3,500,000, while the lowest priced commercial property can be purchased for $179,000. Bloomington, MN Commercial properties for sale have an average price of $100 per square foot, based on commercial listings with an average of bedrooms, bathrooms, and 14,616 square feet of living space.
Bloomington, MN Commercial Real Estate & Properties
Bloomington, Minnesota, is an ideal location for commercial real estate investments. Boasting a diverse population of over 85,000 people and major employers such as the Mall of America and American Express, Bloomington offers plenty of opportunities for business owners and investors to capitalize on the thriving economy.
Thanks to its proximity to Minneapolis-St. Paul International Airport and easy access to downtown Minneapolis via significant highways, Bloomington has become a prime spot for businesses looking to expand or start-up in a bustling area. With a wide range of commercial properties available—including office buildings, retail centers, industrial facilities, and more—it’s no surprise that the real estate market in Bloomington is booming.
Our Real Estate Agency offers extensive commercial real estate options in Bloomington to meet the needs of businesses and investors alike. Our team of experienced agents is dedicated to helping clients find the perfect property for their business, whether it’s a retail store, office building, or industrial space. We have more than 25 years of experience working with buyers, sellers, and landlords throughout the Twin Cities area and strive to provide our clients with exceptional service at every step.
Bloomington, Minnesota's History
Bloomington, Minnesota, has a rich and varied history, which began in 1839 with Chief Cloud Man relocating his band of the Mdewakanton Dakota from Lake Calhoun in Minneapolis to the area called Oak Grove. The first European settlers to live in Bloomington were Peter and Louisa Quinn. In 1843, they built a cabin along the Minnesota River near present-day Portland Avenue. Gideon Pond, a missionary sent by the government to teach farming methods to the Native Americans, also settled in this area that same year. He established Oak Grove Mission, his log cabin home, where he held church services and taught local Dakota subjects such as school and farming.
Bloomington, Minnesota's Demographics
Bloomington, Minnesota, is a diverse and thriving city with over 85,000 as of the census of 2000. Of these residents, 88.12% were white, 3.42% were African American, 5.09% were Asian, 1.25% came from other races, and 1.72% were from two or more races. Additionally, 2.69% identified as Hispanic or Latino. The median income for a household in the city was $50,956, and the median income for a family was $63,406. Residents of Bloomington come from various backgrounds and ancestries - 25.4% German, 14.9% Norwegian, 8.9% Swedish, 8.5 % Irish, and 5.5 % English according to Census 2000 - and comprise an eclectic yet unified community.
Bloomington, Minnesota's Geographic Makeup
Bloomington is an important center for the Minneapolis-St. Paul metropolitan area, located just 10 miles south of downtown Minneapolis on the north bank of the Minnesota River above its confluence with the Mississippi River. This bustling city boasts a total area of 38.4 square miles (99.4 km²) encompassing 35.5 square miles (91.9 km²) of land along with 2.9 square miles (7.5 km²) of water, making up 7.53% of Bloomington's geography. Additionally, Bloomington sits atop an elevation of 827 ft (252 m). With such distinct geographic makeup and proximity to other major cities, it's easy to see why some call this city home. Others may consider visiting to taste Bloomington's unique blend of culture and vistas only found in this corner of Minnesota.
Bloomington, Minnesota‘s Economy
Bloomington, Minnesota, is ideal for growing and sustaining a thriving economy. With an average household income of $96,453, the city is well-equipped to support its citizens. The poverty rate in Bloomington stands at 8.82%, while typical rental costs usually sit at around - per month. Moreover, the median house value in Bloomington is -, offering further stability to property owners. And with a median age in the city of 42.6 years, 39.9 years for males and 44.9 years for females, there is an excellent mix of experience and innovation available to drive economic growth in Bloomington's thriving local economy.
Bloomington, Minnesota's Employment
Bloomington, Minnesota, has a thriving and diverse economy with some 46.5k residents employed, making it one of the most prosperous cities in the state. The primary industries are health care and social assistance, retail trade, and manufacturing, which employ 7.097 people, 5.358 people, and 5.046 people, respectively. The average earnings for each sector vary greatly: those working in utilities report an average of $86,944; for information, it stands at $69,735, and public administration says an average of 68062 per annum. Collectively this demonstrates Bloomington's strong economy and its flourishing job market.
Why Commercial Real Estate In Bloomington, Minnesota?
Regarding commercial real estate, Bloomington is an ideal choice due to its favorable economic climate, prime location, and high quality of life. The city boasts a well-educated population, a low unemployment rate, and a thriving business climate - making it the perfect place for businesses looking to expand their operations or relocate. With a robust infrastructure and excellent public transportation options nearby, Bloomington is the ideal destination for companies wanting an optimal work/life balance.