700 Village Center DrNorth Oaks, MN 55127

Property Details for 700 Village Center Dr

Year built

1990

Construction

WOOD FRAME

Lot size

2.40 AC

Property size (Sq ft)

18,549 SF

Property type

Medical offices

Property subtype

Medical centers

APN

13-30-23-34-0050

APU

133023340050

Description

This exceptional executive office space, located within the prestigious North Oaks Professional Building at 700 Village Center Dr, North Oaks, MN 55127, offers a unique opportunity. The building, totaling 18,200 square feet, boasts a warm prairie-style design, complemented by its setting adjacent to a tranquil evergreen preserve. Built in 1990 and renovated in 1990, the building features dual entrances with gabled canopies, ensuring convenient access for all tenants. Abundant natural light streams in through ribbon windows, creating a bright and inviting atmosphere. Currently, 995 square feet of office space is immediately available for lease within this single-suite building. The property provides ample surface parking with a ratio of 91 stalls for every 1,000 square feet. This location is part of a larger development, offering easy access to nearby restaurants, shops, and banking facilities, enhancing convenience for both tenants and clients. Situated in Ramsey County, this property benefits from its proximity to the intersection of Highways 96 and 49, providing excellent accessibility and visibility. The building's design and location make it an ideal setting for healthcare professionals seeking a sophisticated and convenient workspace in the North Oaks/Shoreview area.

• CAP approach

  CAP return

  Valuation

  6%

  $3,410,330

  6.5%

  $3,147,997

  7%

  $2,923,140

• Comparable approach

  Method

  Valuation

  Relative Method

  $946,741

  Geo Method

  $946,741

• Alternative Use

  Use

  Valuation

  Residential

  $3,903,516

  Hospitality

  $3,575,600

  Educational

  $2,974,857

  Medical

  $3,077,167

  Retail

  $4,627,555

Location Insight

City

North Oaks

County

Ramsey

State

Minnesota

Latitude

45.0819

Longitude

-93.1173

CBSA code

33460

CBSA name

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

Property Tax & Assessments

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