5565 Blaine AveInver Grove Heights, MN 55076

Property Details for 5565 Blaine Ave

Year built

2006

Construction

STEEL FRAME

Lot size

5.99 AC

Property size (Sq ft)

56,250 SF

Property type

Office properties

APN

20-36575-01-010

APU

203657501010

Description

This exceptional two-story Class B medical office building, located at 5565 Blaine Ave E, Inver Grove Heights, MN 55076, offers a fantastic opportunity for medical professionals seeking flexible and well-appointed space. Built in 2006, the building boasts a total of 44,490 square feet, with multiple tenancy options available. Currently, there are 3 spaces available, ranging from a minimum of 695 square feet to a maximum contiguous space of 2,314 square feet, totaling 3,933 square feet of vacant space. The property sits on a generous 5.99-acre lot and is zoned C, providing ample room for expansion or outdoor amenities. With 120 parking spaces, convenient access is ensured for both patients and staff. The building's Suburban St. Paul location offers excellent visibility and accessibility within a thriving medical community. The property's features include ample parking and a convenient location in a well-established area. This is an ideal opportunity to establish or expand your medical practice in a desirable and accessible location. The property's APN is 20-36575-01-010. Don't miss this chance to secure your ideal medical office space.

• CAP approach

  CAP return

  Valuation

  6%

  $9,642,407

  6.5%

  $8,900,683

  7%

  $8,264,920

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,871,000

  Geo Method

  $2,871,000

• Alternative Use

  Use

  Valuation

  Residential

  $11,036,847

  Hospitality

  $10,109,692

  Educational

  $8,411,145

  Medical

  $8,700,418

  Retail

  $13,084,004

Location Insight

City

Inver Grove Heights

County

Dakota

State

Minnesota

Latitude

44.8683

Longitude

-93.0546

CBSA code

33460

CBSA name

MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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