Want to open a restaurant, retail location or other small business in Inver Grove Heights? There’s a good chance you can find a space to do business. There are currently 41 properties for rent or sale in the city, according to this commercial property listing from Loopnet, an online commercial real estate marketplace.
The variety of property available includes retail/strip center, medical, office, land and industrial.
One vacancy has closed, with the expected opening of 1.2.3. Pasta. On Monday, April 11, that restaurant cleared the final hurdle and received approval from the city council to move forward and complete the renovations needed to open the Italian restaurant.
And even though Inver Grove Heights is home to 10 unique, independently-owned restaurants, residents are craving more places to eat and enjoy a night out. They are craving something – anything – in the Argenta Hills development near Target. They are wondering if anything will open in the strip center that formerly was home to Upscale Consignment and El Loro, and if anything new will come to any other open location within the city, like the old Cherry Berry location next to MGM, Papa John’s and Cub Foods.
There are businesses coming and development and construction is moving forward – but not all evolve around the much-coveted restaurant scene residents are so curious about. According to Tom Link, Economic Development Director for the City of Inver Grove Heights, these are some current projects in the works:
- New single family development: A new single family development of about two dozen lots, along the east side of the South St. Paul Airport, will be under construction later this year.
- New tank trailer business: North American Trailer is a new industry in town. They are building a large facility near Hwy 52 and 117th street and will be create 60 to 80 new jobs
- New credit union: Ideal Credit Union is constructing a new building near the Target Store near Robert Street.
- Expansion at IGH Nissan dealership: The Nissan car dealership, on the north side of I-494, submitted a building permit for an expansion of their facility.
The competition for attracting new business is tough. There are vacancies throughout the Twin Cities and real estate brokers and landlords are busy competing for the new tenant and business. For example, Red Savoy is ready to open in Inver Grove Heights with the right franchisee in place (Red Savoy will also soon be opening in Woodbury). But for the business to come, a business owner has to feel that IGH is a place their business can succeed.
Mike Welch, President of FranNet Minnesota, a Minnesota franchise consulting firm, said this, in the popular article 5 reasons popular restaurants won’t come to Inver Grove Heights:
“From a retail standpoint, Inver Grove Heights is viewed as an old community,” says Welch.
Welch continued: “Remember, when these companies are considering expansion, IGH isn’t just competing with other Twin Cities communities, its competing with every other city in the USA.”
In this article, breaking down why Taco Bell won’t expand to Inver Grove Heights, Jen Helm, an Inver Grove Heights resident and commercial real estate industry rock star, said this on a Facebook post: “Restaurants and retailers pass over IGH because we have little daytime traffic (office and industrial properties with an abundance of employees) and our lot sizes on the south end of town don’t promote density, which retailers need rooftops in order to survive. We won’t attract retailers until the city attracts office and industrial developers and business.”
Welch expanded on his comments adding: “When someone purchases a franchise in the cities they will have a choice of territories and it sounds like people are just not choosing IGH as the city they want to open in.”
Jennifer Gale, President of the River Heights Chamber of Commerce said this last summer: “Chain restaurants and stores use groups who produce economic indicator matrixes when they do national franchise searches and IGH is not going to be on the list for many reasons including, population, daytime employment and financial incentives.”
But the Chamber is working hard to also attract new businesses to IGH. The Chamber recently
hired a new Director of Tourism for the Inver Grove Heights Convention and Visitors Bureau, VisitIGH.com.
In the past few years IGH has added numerous new restaurants, including TC Taco, El Rincon Mexicano, El Azteca, A&W Root Beer all opened in the past two years, and J’S Fish and Chicken added a new takeout restaurant unlike any previously in the city.
But there are still numerous vacancies and opportunity in Inver Grove Heights. And it only takes one business owner to find IGH attractive – like the group that is opening 1.2.3. Pasta.
Ready to start your business? Inver Grove Heights is ready for you – and has the right mix of commercial property available to attract a wide variety of restaurants.