“Golden Valley Commons South?”

How does a landlord (and would-be home seller) comply with city-ordered repairs?

One way, of course, is to actually do the repairs.

However, if that’s not feasible or economic — and sometimes it isn’t — Plan B is to vacate the property, and sell it “as is.”

Multiply by six, and that’s what is happening in Golden Valley right now, just southeast of Winnetka and 55, where “Golden Valley Commons” is located.

Development Potential

Currently for sale there are six bank-owned properties, on the market as a package for $1.25 million.

The business opportunity lies not in the homes themselves, which are in various stages of disrepair.

Rather, the apppeal is the 2 acre site and its location:  just south of thriving Golden Valley Commons.

With friendly zoning and good access from 55, that location could easily support more retail like already exists across the street.

Or, I could easily an envision something like an LA Fitness, which developed a similar parcel at the southeast corner of Highway 7 and Hopkins Crossroad two years ago, or perhaps Starbucks #2 (and #3!).

If that’s not in the cards, looks for a high(er)-end multi-family project, sort of like the just-opened Ellipse in St. Louis Park, only more suburban.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

Leave a Reply