3345 Lexington AveEagan, MN 55121

Property Details for 3345 Lexington Ave

Year built

1955

Construction

WOOD

Lot size

0.77 AC

Property size (Sq ft)

4,308 SF

Property type

Office buildings

APN

10-84500-01-010

APU

108450001010

Description

This exceptional 4,308 square foot office building, situated on a 0.77-acre wooded lot in Eagan, Minnesota, presents a compelling investment opportunity. The property boasts a highly visible location, offering easy access to all Eagan amenities and a convenient ten-minute commute to the airport. A complete building renovation was undertaken in 1998. The three-level building features up to nine individual offices, two of which include fireplaces, providing ample space for a variety of uses. Additional features include a well-equipped kitchenette, a relaxing patio, and a spacious deck. The property's expansive lot offers significant potential for future expansion or redevelopment, catering to the needs of a growing business or investor seeking to maximize their return. The current configuration allows for the purchase and subsequent lease of some or all of the office spaces, providing flexibility for diverse investment strategies. This is a rare opportunity to acquire a well-maintained, high-visibility office building in a desirable Eagan location with significant upside potential. The property's combination of attractive features and strategic location makes it an ideal investment for both owner-occupiers and investors seeking a strong return on their investment.

• CAP approach

  CAP return

  Valuation

  6%

  $709,144

  6.5%

  $654,595

  7%

  $607,838

• Comparable approach

  Method

  Valuation

  Relative Method

  $219,880

  Geo Method

  $219,880

• Alternative Use

  Use

  Valuation

  Residential

  $811,697

  Hospitality

  $743,510

  Educational

  $618,592

  Medical

  $639,866

  Retail

  $962,254

Location Insight

City

Eagan

County

Dakota

State

Minnesota

Latitude

44.8354

Longitude

-93.1475

CBSA code

33460

CBSA name

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

Property Tax & Assessments

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