North Grove Medical Building Maple Grove Pkwy & 105th Ave N | Maple Grove, MN Medical Office Building For Lease Misty Bowe, CCIM
Louis Suarez CCIM, SIOR
Senior Vice President +1 952 897 7713 misty.bowe@colliers.com
Senior Vice President +1 952 837 3061 louis.suarez@colliers.com
North Grove Medical Building Maple Grove Pkwy & 105th Ave N
New medical office building available for lease. Property Information Location
Maple Grove Pkwy & 105th Ave N Maple Grove, Minnesota 55369
Building Size
42,000 SF
Construction Start
Spring 2022
Floors
Two (2)
Rate
$27.75 PSF
Space Available
4,000 - 42,000 SF
WEST PERSPECTIVE
WEST PERSPECTIVE
Property Highlights • New medical office building in Maple Grove • Easy access and visibility along I-94, Highway 610 and County 81 • Ample surface parking lot • Numerous restaurants and shopping within blocks • Close proximity to Hospital
NORTH EAST PERSPECTIVE
MSP MAPLE GROVE MAPLE GROVE, MN
NORTH EAST PERSPECTIVE
11/23/21 | COMM#M21-254
• On building signage available
MSP MAPLE GROVE MAPLE GROVE, MN
North Grove Medical Building | Site Plan OPTION 1 20'0" SE TB AC K
P A R K I N G R E QU I R E M E N TS REQUIRED: 233 STALLS ACC: 7 STALLS PROVIDED: 243 STALLS ACC: 8 STALLS
105 T
HA VE N
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AR A
LA NE N
OR TH
20 '-0 SE " TB AC K
30'0" SE TB AC K
DR OP -O
AN D
AC C
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OV EP AR KW
IVE
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DR
MA PL E
D
MSP MAPLE GROVE MAPLE GROVE, MN 11/16/21 | COMM#M21-254
PE RT YL
INE
SE RV IC
PR O
EL AN E
10 7'6"
RE
AY
FF
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PPRR OOPPO OS 4 S ED 4 6, E D B 2 L 2 ,3068 BUUILD 2 LEV 0 0SF IL ING E VELS S F DIN EL G S
SCHEMATIC SITE PLAN 1" = 30'-0"
North Grove Medical Building Market Scenario Planner: Outpatient
Service Line
Data and Analytics | Market Scenario Planner ‐ Outpatient Service Line Podiatry Pain Management Thoracic Surgery Spine Orthopedics Physical Therapy/Rehabilitation Vascular Ophthalmology Neurosurgery Dermatology Miscellaneous Services Neurology Endocrinology Pulmonology Cardiology Nephrology Lab Urology ENT Gastroenterology Cosmetic Procedures Evaluation and Management Radiology General Surgery Oncology Gynecology Psychiatry Trauma Obstetrics
2020 Volume
2025 Volume 431 305 15 53 815 6,978 447 2,419 25 1,270 6,002 503 58 412 2,723 152 12,269 289 963 703 227 29,549 8,444 174 454 259 3,757 228 109
2030 Volume 624 430 21 74 1,111 9,334 592 3,204 33 1,583 7,438 621 71 504 3,310 184 14,796 348 1,140 815 261 33,809 9,635 195 506 283 4,095 232 105
5 Yr Growth 852 533 26 87 1,326 10,727 739 3,968 38 1,860 8,069 712 79 568 3,875 222 17,306 415 1,223 919 300 38,166 10,908 218 573 299 4,514 246 115
5 YR Compound Annual Growth Rate (CAGR)
10 Yr Growth 44.7% 41.1% 41.0% 38.6% 36.2% 33.8% 32.5% 32.5% 29.1% 24.6% 23.9% 23.5% 23.1% 22.4% 21.6% 21.2% 20.6% 20.3% 18.4% 16.0% 15.4% 14.4% 14.1% 12.4% 11.4% 9.4% 9.0% 1.5% -3.5%
97.6% 74.9% 70.0% 63.5% 62.6% 53.7% 65.3% 64.1% 47.2% 46.5% 34.4% 41.6% 36.2% 38.0% 42.3% 46.0% 41.0% 43.7% 27.0% 30.8% 32.2% 29.2% 29.2% 25.5% 26.0% 15.6% 20.1% 7.8% 5.6%
7.67% 7.13% 7.11% 6.74% 6.38% 5.99% 5.80% 5.78% 5.24% 4.50% 4.38% 4.31% 4.24% 4.12% 3.98% 3.92% 3.82% 3.77% 3.44% 3.01% 2.91% 2.73% 2.67% 2.37% 2.18% 1.82% 1.73% 0.31% -0.72%
Source: The Outpatient Market Scenario Planner (MSP), as developed by the Advisory Board. MSP provides current and projected patient utilization estimates for specific specialties in key markets across the US. The MSP tool supports planners, providers and hospital executives to make intelligent business development and strategic decisions to locate or expand programs in targeted markets. For more information on the Advisory Board, please visit www.advisory.com.
Population, Income & Housing Trends | Maple Grove, MN Population Trend
Median Household Income
Average Household Income
Per Capita Income
50,348
61,567
71,902
75,695
$112,525
$123,792
138,328
155,334
$50,994
$56,921
2000 Total Population
2010 Total Population
Current Total Population
5 Yr Projected Total Population
Current Median HH Income
5 Yr Projected Median HH Income
Current Average HH Income
5 Yr Projected Avg HH Income
Current Per Capita Income
5 Year Projected Per Capita Income
2010 Age Pyramid
2025 Age Pyramid
Current HH By Income
The largest group: 0.5%
0.8%
0.6%
0.9%
1.0%
1.3%
1.7%
1.8%
3.1%
3.1%
5.3%
5.4%
7.3%
7.5%
8.6%
9.0%
9.0%
9.1%
8.0% 7.4%
0.9%
1.4%
1.4%
1.7%
3.0%
3.5%
4.5%
4.9%
5.5%
6.2%
5.8%
5.9%
5.5%
5.9%
5.9%
5.6%
7.0%
7.1%
8.5%
8.5%
8.2%
7.4%
8.4%
8.1%
6.7%
7.0%
7.4%
7.4%
6.2%
6.3%
5.0%
5.3%
4.5%
4.2%
3.8%
3.8%
7.3%
6.1%
6.2%
5.5%
7.8%
7.3%
7.3%
6.5%
7.7%
7.6%
7.2%
6.8%
7.3%
6.9%
6.7%
6.2%
20 12
4
4
2010 Females Age 45-49 (U.S. Census) The smallest group:
2010 Males Age 85+ (U.S. Census)
Dots show comparison to Hennepin County
12 20
5 Yr Projected HH By Income
16%
8
0
8
2026 Female Population Age 40-44 (Esri) The smallest group:
2026 Male Population Age 85+ (Esri)
$200,000+
$200,000+
$150000-$199,999
$150,000-$199,999
$100,000-$149,999
$100,000-$149,999
$75,000-$99,999
$75,000-$99,999
$50,000-$74,999
$50,000-$74,999
$35,000-$49,999
$35,000-$49,999
$25,000-$34,999
$25,000-$34,999
$15,000-$24,999
$15,000-$24,999
< $15,000
Dots show comparison to
0
10
Dots show comparison to
Hennepin County
16%
14.2% 85.8%
Owner Occupied HUs
20
14.4% 85.6% 0
10
Dots show comparison to
Hennepin County
20
Hennepin County
Tapestry Segments
Value
Difference
White Alone
81.55
+12.31
Black Alone
5.92
-8.88
American Indian/Alaska Native Alone
0.25
-0.55
Asian Alone
8.48
+0.67
Pacific Islander Alone
0.05
0
Other Race
0.92
-2.64
Two or More Races 2.83
-0.90
Hispanic Origin (Any Race)
-4.20
2.94
4A
Owner Occupied HUs
Workday Drive
20.2%
5,353 households
of Households
$349,665 Median Home Value
100% Pacific Islander Population American Indian Population Other Race Population Population of Two or More Races Black Population Asian Population White Population
38 181 660 2,035 4,253 6,098 58,636
Current Annual Household Spending
1C
Boomburbs
16.3%
4,312 households
of Households
$17,463 Average Spent on Mortgage & Basics
Professional Pride 1B 3,454 households
13.0%
$1,376
of Households
Median Contract Rent
$3,105
$253
Apparel & Services
Bars show deviation from Hennepin County
$5,558
Computers & Hardware
$7,691 Groceries
Renter Occupied HUs
Current Year Housing Stats
The largest group: White Alone (81.55) The smallest group: Pacific Islander Alone (0.05)
Renter Occupied HUs
5 Yr Projected Housing By Ownership
< $15,000
Current Year Population By Race
Race and Ethnicity
Indicator
Current Housing By Ownership
The largest group:
Eating Out
$8,896 Health Care
Maple Grove, Minnesota
Population, Income & Housing Trends
Planned Residential Developments | Maple Grove
sidential Developments Northwood Townhomes Lennar
76 townhomes
Summerwell
Greystar Development 220 single-family rental townhomes
Weston Commons (2nd)
Rush Hollow
82 townhomes
243 single-family homes, 230 townhomes & 110 senior units
Lennar
Pulte Homes
Evanswood
North Grove Medical
TEG Land Holdings 227 single-family & 138 townhomes
MHV 55+ Housing Roers
Tricare Senior Housing
169 rental units for 55+
MWF Properties
152 55+ affordable multi-family units
Edison Apartments JPL Development
34 townhomes (ability to add 50 more)
ional for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy quivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2021. All rights reserved. Data source: ESRI, HERE, Garmin, FAO, NOAA, USGS, © Solutions Inc. All rights reserved. Map id: Map id: B_124402 1 inch represents 0.53 miles
Reserve Arbor Lakes Bldg. 4 Doran
164 multi-family units
Village Arbor Lakes Sr. Housing Doran
201 units
Property Aerial North Grove Medical Building
Clinics & Surgery Center
The Grove Shopping Mall
Contact Us Misty Bowe CCIM Senior Vice President +1 952 897 7713 misty.bowe@colliers.com
Louis Suarez CCIM, SIOR Senior Vice President +1 952 837 3061 louis.suarez@colliers.com
document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy e information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2021. All rights reserved. Data source: ESRI, HERE, Garmin, FAO, NOAA, USGS, © nStreetMap. Logo data copyright © 2021 ChainXY Solutions Inc. All rights reserved. Map id: Map id: B_86788 1 inch represents 0.25 miles
901 South Marquette Avenue Suite 300 Minneapolis, MN 55402 P: +1 952 897 7700
This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2021. All rights reserved.