Edina, MN Commercial Property for Sale (2 Real Estate Listings)
Edina, MN Real Estate Statistics
Property Types (active listings)
As of October 3, 2023 there are 2 active Edina, MN commercial real estate listings for sale with an average listing price of $1,105,000. The highest-priced commercial property listing is $2,000,000, while the lowest priced commercial property can be purchased for $210,000. Edina, MN Commercial properties for sale have an average price of $168 per square foot, based on commercial listings with an average of bedrooms, bathrooms, and 8,490 square feet of living space.
Edina, MN Commercial Real Estate & Properties
Edina, Minnesota, is a bustling city with a vibrant commercial real estate market. You'll find plenty of opportunity here to capitalize on the city's growth as an investor.
The first step in any investment is to consult a qualified professional to help you assess your goals and recommend the best strategy for achieving them. At Dane Arthur Real Estate Agency, we have a team of experienced agents specializing in commercial real estate investing. We'll work with you to understand your investment objectives and help you find the right property to meet your needs.
We know that only some investors are the same, so we offer various services to fit your unique needs. From identifying properties that match your criteria to negotiating the best possible price, we'll be there at every step.
Contact us today if you're ready to start exploring the possibilities for commercial real estate investing in Edina, Minnesota. We'll be happy to answer any questions and help you get started on your path to success.
Edina, Minnesota's History
The city of Edina, Minnesota, has a long and exciting history. The town initially developed out of three different communities, each with its mill and store. The first community, Richfield Mills, served as the township seat and was the largest of the three communities. The second community, Waterville Mills, was founded in 1856 and was renamed Edina Mills in 1869 by Scottish immigrant Andrew Craik. The third community, Cahill Settlement, was established in the 1850s by Irish immigrants and retained the name Cahill until 1902. In 1902, the three communities consolidated to form the city of Edina. Today, Edina is a thriving city with a population of over 50,000 people. The city is home to several parks and lakes, as well as a variety of businesses and schools. Despite its size, Edina has retained its small-town feel and is a great place to call home.
Edina, Minnesota's Demographics
Edina, Minnesota, is located in the Twin Cities metropolitan area. With a population of 54,604, it is the 18th largest city in Minnesota and the 796th largest in the United States. Edina is growing at a rate of 1.03% annually, and its population has increased by 2.07% since the last census, which recorded a population of 53,494. Spanning over 16 miles, Edina has a population density of 3,533 people per square mile.
Edina is a predominantly white city, with 92.6% of the population identifying as such. African Americans are the next largest racial group, making up 1.3% of the population. Other significant racial groups include Asians (1.2%) and Hispanics or Latinos (2.4%). The median age in Edina is 44 years old, slightly higher than the Minnesota median age of 43 years old. For every 100 females, there are 97 males. For every 100 females ages 18 and older, there are 95 males.
Edina, Minnesota's Geographic Makeup
Edina is a city in Minnesota that covers 41.5 kilometers. Roughly 40.8 kilometers of this island, with the remaining 0.8 being water. Its location southwest of Minneapolis is near many highways, including Interstates 35E and 494 and U.S. Route 169. Edina's elevation of 922 feet is relatively average compared to other parts of the United States. The Census Bureau has also determined that Edina's population density is 1,940 people per square kilometer, which ranks it 78th in population density compared to other cities in the United States. Despite its small size, Edina is a popular destination for both residents and tourists due to its convenient location and rich history.
Edina, Minnesota‘s Economy
The median income in Edina is $103,282, somewhat higher than the Minnesota median income of $85,258. Males have a median income of $87,318 versus $61,710 for females. The per capita income for Edina is $62,029, which includes all adults and children within the city limits regardless of age or gender. Roughly 9% of residents are below the poverty line. The job market in Edina has also been strong during the past few years. In 2018, the unemployment rate in Edina was 1%, down from 2% in 2016 and 3% in 2014.
Edina, Minnesota's Employment
According to the most recent data from the US Census, the economy of Edina, MN, employs 26.2k people. The largest industries in Edina, MN, are Health Care & Social Assistance (3,922 people), Professional, Scientific, & Technical Services (3,915 people), and Finance & Insurance (3,346 people). The highest-paying industries in Edina, MN, are Agriculture, Forestry, Fishing & Hunting, & Mining ($126,100), Finance & Insurance ($111,389), and Manufacturing ($105,566). These data suggest that Edina's economy is diverse and prosperous, with various industries providing good-paying jobs for residents. With a strong job market and a range of amenities, it's no wonder that Edina is one of Minnesota's most desirable cities to live in.
Why Commercial Real Estate In Edina, Minnesota?
Edina, Minnesota, is a great place to invest in commercial real estate. The city's strong economy and desirable location make it an ideal market for businesses of all types. Commercial real estate in Edina is also a wise investment due to the city's strong job market and growing population. If you're looking for a town with a bright future, Edina is undoubtedly worth considering.