3490 Lexington AveShoreview, MN 55126

Property Details for 3490 Lexington Ave

Year built

1982

Lot size

6.20 AC

Property size (Sq ft)

59,327 SF

Zone code

B

Property type

Office buildings

APN

35-30-23-22-0008

APU

353023220008

Description

This exceptional Shoreview, MN office property, located at 3490 Lexington Ave N, offers a prime opportunity for businesses seeking flexible and modern workspace. The building, constructed in 1982, boasts a total of 59,327 square feet, currently housing multiple tenants. A significant advantage is the availability of two immediately available office spaces, ranging from 879 to 3,173 square feet, providing options for businesses of various sizes. The building's traditional office design offers a classic and professional atmosphere, ideal for a range of industries. The property's convenient location in Shoreview, MN, zip code 55126, ensures easy access to major transportation routes and local amenities. With 3,173 square feet currently vacant, this presents a unique chance to secure a substantial space or expand existing operations within a well-established building. The multiple tenancy structure fosters a collaborative environment and provides a sense of community. This is an excellent opportunity to establish or expand your business in a thriving location with readily available office space. The property's size and layout offer considerable versatility, making it suitable for a wide array of business needs. Interested parties are encouraged to inquire about the available spaces and explore the possibilities this property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $10,907,576

  6.5%

  $10,068,532

  7%

  $9,349,351

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,028,050

  Geo Method

  $3,028,050

• Alternative Use

  Use

  Valuation

  Residential

  $12,484,980

  Hospitality

  $11,436,174

  Educational

  $9,514,763

  Medical

  $9,841,990

  Retail

  $14,800,742

Location Insight

City

Shoreview

County

Ramsey

State

Minnesota

Latitude

45.0473

Longitude

-93.1455

CBSA code

33460

CBSA name

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

Property Tax & Assessments

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