Minneapolis · Commercial sale
West Side Group buys 5320 23rd St W in Saint Louis Park for $27.3 million
A retail building at 5320 23rd St W, Saint Louis Park sold for $27,300,000 on October 29, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $27,300,000
- Sold
- October 29, 2026
- Property type
- Retail building
- Lot size
- 961,805 sq ft
- Year built
- 1981
The retail building at 5320 23rd St W in Saint Louis Park sold for $27,300,000 on October 29, 2026. The Certificate of Real Estate Value filed with the Minnesota Department of Revenue lists the sale price as 22% above the recorded market value.
The deed lists Westside Partners LLLP as the seller. It lists West Side Group LLC, Synergy Investment Group of MN LLC and Albertville Shoppes, LLC as the buyers.
Assessor's records show the building was built in 1981, on a 22.08-acre lot. They list a market value of $22,389,000. The last recorded sale was $22,500,000 in 2016, making the latest price 21% higher.
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 $92,820 for the state deed tax + Environmental Response Fund (Hennepin/Ramsey) and $48,750 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 $27,209,818. 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 $27,352,279 at closing. That covers the full price and closing costs.
Source: Minnesota Department of Revenue, Certificates of Real Estate Value, document 1935794. 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.
