683 Bielenberg DrWoodbury, MN 55125

Property Details for 683 Bielenberg Dr

Year built

2006

Lot size

0.03 AC

Property size (Sq ft)

1,300 SF

Property type

Office properties

APN

05-028-21-42-0078

APU

502821420078

Description

This exceptional Class A medical office building in Woodbury, Minnesota, presents a unique owner-user opportunity. Located at 683 Bielenberg Dr, 55125, this two-story building, constructed in 2007, boasts a total of 23,618 square feet situated on a spacious 16.09-acre lot. The property offers convenient access to major highways, I-494 and I-94, ensuring excellent visibility and accessibility for patients and staff. Currently, Suite 107 & 108, totaling 2,949 square feet of net rentable space, are available for purchase. The building features a recent renovation and allows for exterior signage. The asking price is $850,000. The property's multi-tenant configuration provides flexibility, while the building's modern design and prime location make it an ideal investment for medical professionals seeking a high-profile presence in a thriving community. Annual CAM charges are $5.07 per square foot, and annual property taxes are $5.43 per square foot. This is a rare opportunity to acquire a well-maintained, strategically located medical office building in a desirable market. Don't miss this chance to own a piece of Woodbury's thriving medical community.

• CAP approach

  CAP return

  Valuation

  6%

  $239,012

  6.5%

  $220,626

  7%

  $204,867

• Comparable approach

  Method

  Valuation

  Relative Method

  $66,352

  Geo Method

  $66,352

• Alternative Use

  Use

  Valuation

  Residential

  $273,576

  Hospitality

  $250,595

  Educational

  $208,492

  Medical

  $215,662

  Retail

  $324,321

Location Insight

City

Woodbury

County

Washington

State

Minnesota

Latitude

44.9388

Longitude

-92.9522

CBSA code

33460

CBSA name

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

Property Tax & Assessments

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