Minneapolis · Commercial sale
Nilkanth Properties buys 11628 Winnetka Ave N in Champlin for $2.4 million
A shopping center at 11628 Winnetka Ave N, Champlin sold for $2,400,000 on September 24, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $2,400,000
- Sold
- September 24, 2026
- Property type
- Shopping center
- Lot size
- 87,120 sq ft
- Year built
- 1988
The shopping center sold for $2,400,000. The sale took place on September 24, 2026, at 11628 Winnetka Ave N in Champlin. The Certificate of Real Estate Value filed with the Minnesota Department of Revenue records the sale. The price was 92% above the $1,250,000 last sale on record in 2004, according to the Assessor's records.
The Certificate lists S and Z, L.L.C. as the seller. It lists Nilkanth Properties LLC as the buyer.
Assessor's records list a build year of 1988 and a 2.0-acre lot. They put the market value at $1,643,000. The sale price was 46% above that value.
This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.
What were the closing costs in Hennepin County?
By our estimate, the seller's two largest charges, not counting prorations, were $8,160 for the state deed tax + Environmental Response Fund (Hennepin/Ramsey) and $5,175 for the owner's title insurance policy. Who pays what follows Hennepin County custom.
How much did the seller net?
By our estimate, the seller netted about $2,380,000. That is before any broker commissions and any loan payoff.
How much cash did the buyer bring to closing?
A cash buyer would need about $2,394,226 at closing. That covers the full price and closing costs.
Source: Minnesota Department of Revenue, Certificates of Real Estate Value, document 1927283. Property details: Hennepin County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
