For Sale
$1,690,000

3521 88Th Ave Circle Pines, MN 55014

11,680 SF, 8 Units, 100% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional 11,680 square foot multi-tenant property, located at 3521 88th Ave NE in Circle Pines, Minnesota, presents a compelling investment opportunity. The single-story building, constructed in 1998 on a 1.36-acre lot, boasts a diverse tenant mix including executive office, flex, and warehouse spaces. Currently operating at 100% occupancy with eight individual units, the property offers strong, consistent cash flow with minimal lease expirations in the near future. The building is exceptionally well-maintained, featuring recent upgrades including a roof and soffit replacement (2020), driveway sealcoating (2023), and updated HVAC systems in several suites (2021-2023). Other key features include a fire suppression system, exterior LED lighting, ample parking (approximately 45 stalls), and prominent building signage for excellent tenant visibility. The property benefits from a high-demand location with strong traffic counts and easy access to major roadways (35W, 610, and 694). Its strategic location and diverse tenant base make this an ideal investment for both owner-users and investors seeking a stable, high-performing asset. The property is classified as Class 234 - 3A Industrial Land and Building. Each suite has its own electrical panel and gas meter, with a separate house panel servicing exterior lights, signage, compressor, and fire protection systems. Financial details are available upon execution of a confidentiality agreement.

Highlights

  • Building-wide fire suppression system.
  • Exterior LED lighting.
  • Roof and soffit replacement (2020).
  • Driveway resealed (2023).
  • HVAC upgrades: New A/C units in Suites 3521 (2021), 3523 (2023), and 3527 (2023); new furnace units in Suites 3521 (blower, 2023), 3523 (2023), 3525 (blower, 2023), 3527 (2023), and 3353 (2022).
  • Individual suite electrical panels and gas meters; main panel services exterior lighting, signage, compressor, and fire system.

Property Details for 3521 88Th Ave

Property type
Warehouses, Office properties
Square Feet
11,680 SF
Year Built
1998
Stories
1
Lot Size (sq. ft)
59,242 SF
Units
8

Location Insight

City
Circle Pines
County
Anoka
State
Minnesota
Latitude
45.1294022
Longitude
-93.1817165
3521 88Th Ave, Circle Pines, Minnesota

FAQs

What type of property is this?
Warehouse - 11,680 SF, 8 Units, 100% Occupancy
Where is the warehouse located?
The property is located at 3521 88Th Ave Circle Pines, MN.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: Building-wide fire suppression system.; Exterior LED lighting.; Roof and soffit replacement (2020).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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3521 88Th Ave
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