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Valley Ridge Shopping Center Sells for $3 Million

Dakota County Community Development Community Development Agency Buys Shopping Center in Burnsville
By Brandon Konkel
August 24, 2011 | 3:22 P.M.

Dakota County Community Development Agency acquired the Valley Ridge Shopping Center, an 88,595 square foot retail building in Burnsville, MN, for $3,171,000, or approximately $35.79 per square foot, from Kraus-Anderson Realty Company. This shopping center, located at 1909-2113 Burnsville Parkway W, was constructed in 1971. The property is located on County Road 5 and Burnsville Parkway, major routes for area residents. The existing structure will be demolished and the land will be used to construct senior housing. The senior housing will consist of 80 independent living units and 60 assisted living units. There were no brokers involved in the sale. Please see CoStar COMPs # 2154433 for more information on this transaction.

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