Burnsville, MN Commercial Property for Sale (12 Real Estate Listings)
Burnsville, MN Real Estate Statistics
| Average Price | $420K |
|---|---|
| Lowest Price | $30 |
| Highest Price | $2.5M |
| Total Listings | 164 |
| Avg. Price/SQFT | $184 |
Property Types (active listings)
As of October 3, 2023 there are 12 active Burnsville, MN commercial real estate listings for sale with an average listing price of $1,089,903. The highest-priced commercial property listing is $2,500,000, while the lowest priced commercial property can be purchased for $30. Burnsville, MN Commercial properties for sale have an average price of $277 per square foot, based on commercial listings with an average of bedrooms, bathrooms, and 7,657 square feet of living space.
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Burnsville, MN Commercial Real Estate & Properties
Concerning commercial real estate in Burnsville, Minnesota, there are many options available to investors. The city is home to various businesses, including retail establishments, office buildings, and industrial properties. As such, there is a wide range of potential investment opportunities available.
One option for investing in private real estate in Burnsville is to purchase an existing property. This approach has many benefits, including that you will likely be able to negotiate a lower purchase price. Additionally, you will not have to go through the hassle of finding and securing financing for a new property.
Burnsville, Minnesota's History
The city of Burnsville, Minnesota, has a rich history dating back to the Mdewakanton Dakota people. The Dakota was the area's earliest inhabitants, arriving by the Minnesota River in search of game and waterfowl. Around 1750, Chief Black Dog established his band at a permanent village near the present site of the Black Dog Power Plant. The town had a population of over 250 Dakota people. At the south end of Burnsville, Crystal Lake was used for fishing, leisure, and burial. It was also a gathering spot where Dakota people would watch deer or bucks drink at the water's edge.
The first European settlers arrived in Burnsville in 1857. The city was named after Isaac Burns, who established the first farm in the area. The town continued to grow steadily, reaching 1,000 by 1965.
Today, Burnsville is a thriving city with a population of over 60,000. The city is home to various businesses, including retail establishments, office buildings, and industrial properties. As such, there is a wide range of potential investment opportunities available.
Burnsville, Minnesota's Demographics
As of the 2020 census, the city of Burnsville, Minnesota, had a population of 65,119. This made it the 14th largest city in Minnesota and the 635th largest city in the United States. The town has a total area of 27 square miles, with a population density of 2,622 people per square mile. The racial makeup of the city is predominantly white (78%), followed by Asian (12%), black (3%), and Hispanic or Latino (2%). Since the last census in 2010, the population of Burnsville has increased by 1.25%. The city is currently growing at a rate of 0.62% annually.
Burnsville, Minnesota's Geographic Makeup
Burnsville is a city located in Dakota County, Minnesota. It is situated on the south bank of the Minnesota River and is upstream from the confluence with the Mississippi River. The city is part of the Minneapolis-Saint Paul metropolitan area, which has approximately 3.2 million people. Interstate Highway 35 splits into Interstate Highways 35W and 35E within the city limits. Other routes in Burnsville include Minnesota Highway 13 and County Road 42. According to the United States Census Bureau, the city has 26.93 square miles (69.75 km2). Of this area, 24.91 square miles (64.52 km2) is land, and 2.02 square miles (5.23 km2) is water. Burnsville has many parks and recreation areas, including Alimagnet Dog Park, Nicollet Commons Park, and Buck Hill ski. The Buck Hills burned in 1983 and 1984 but have since been replanted and are now home to several ski trails.
Burnsville, Minnesota‘s Economy
As of 2018, the poverty rate in Burnsville, Minnesota, is 7.20%, lower than the national average of 13.4%. The average household income in Burnsville is $88,018, which is also higher than the national average of $61,937. The median house value in Burnsville is $263,700, and the median rental cost is $1,297 per month. The median age in Burnsville is 36.8 years old. 36.4 years old for males and 37.4 years old for females. The economy in Burnsville is strong and growing. The poverty rate is low, and the average household income is high. The median house value is also high, and the median rental cost is affordable. The median age in Burnsville is young, which indicates a strong future for the city's economy.
Burnsville, Minnesota's Employment
The economy of Burnsville, MN, employs 33.5k people. The largest industries in Burnsville, MN, are Health Care & Social Assistance (4,963 people), Retail Trade (4,073 people), and Manufacturing (3,783 people). The highest-paying industries in the city are Utilities ($79,375), Professional, Scientific, & Technical Services ($64,010), and Public Administration ($63,990). However, the median household income in Burnsville is $72,951, higher than the Minnesota average of $57,244. This suggests a wide range of incomes in the city, with some residents earning significantly more than others. Regarding education, 28.1% of residents have a Bachelor's degree or higher, which is lower than the national average of 30.3%. However, most residents (71.9%) have completed some form of post-secondary education. Overall, Burnsville is a city with a diverse economy that offers opportunities for both skilled and unskilled workers.
Why Commercial Real Estate In Burnsville, Minnesota?
There are many reasons to invest in commercial real estate in Burnsville, Minnesota. The city has a strong and growing economy, with a low poverty rate and high average household income. The median house value is also high, making it a good investment for those looking to buy property. In addition, the city is home to many parks and recreation areas, as well as the Buck Hill ski area. The city also has a young population, indicating a solid future for the local economy. For these reasons, commercial real estate in Burnsville, Minnesota, is a wise investment.