Minneapolis · Commercial sale
Lock Up Bloomington-South buys 9601 Penn Ave S in Bloomington for $17.6 million
An industrial property at 9601 Penn Ave S, Bloomington sold for $17,600,000 on September 14, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $17,600,000
- Sold
- September 14, 2026
- Property type
- Industrial property
- Lot size
- 87,991 sq ft
- Year built
- 2018
At $17,600,000, the sale of the industrial property at 9601 Penn Ave S in Bloomington was 18.8 times its most recent earlier sale on record, $935,000 in 2017.
The property sold on September 14, 2026, according to the Certificate of Real Estate Value filed with the Minnesota Department of Revenue. The record lists IP3 AF Bloomington, LLC as the seller and Lock Up Bloomington-South LLC as the buyer.
Assessor's records show a 2018 construction date and a 2.02-acre lot. The market value on record is $9,072,000, 94% below the sale price.
What this sale costs to close
What does closing cost at this price? Under Hennepin County custom the seller's larger charges are $59,840 for the state deed tax + Environmental Response Fund (Hennepin/Ramsey) and $31,775 for the owner's title insurance policy. The seller's estimated net is $17,371,624 before brokerage commissions and any loan payoff. A cash buyer would need about $17,464,130 at closing.
Source: Minnesota Department of Revenue, Certificates of Real Estate Value, document 1920544. 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.
