12750 Nicollet AveBurnsville, MN 55337

  • Office buildings
  • 43,507 SF

Property Details for 12750 Nicollet Ave

Year built
2004
Construction
CONCRETE
Lot size
0.48 AC
Property size (Sq ft)
43,507 SF
Property type
Office buildings
APN
02-30865-01-020
APU
23086501020

Description

This exceptional Class A office building, located at 12750 Nicollet Ave in Burnsville, Minnesota, offers a prime opportunity for businesses seeking executive office space. The 31,640 square foot building, constructed in 2004, boasts a Transit Oriented Development (TOD) zoning, making it easily accessible. Multiple tenancy options are available, with spaces ranging from a minimum of 1,695 square feet to a maximum contiguous space of 7,556 square feet. Currently, 13,293 square feet of space is vacant. The building sits on a 0.48-acre lot and includes 15 parking spaces for tenant and visitor convenience. Situated in the heart of Burnsville, this award-winning property offers a vibrant and convenient location, with a full-service restaurant and boutique located within the building. Modern and flexible layouts cater to various business needs, featuring sleek conference rooms and collaborative workspaces. This is an ideal location for businesses seeking a prestigious and easily accessible address in a thriving urban environment. The property is zoned TOD, reflecting its proximity to transit options. Dakota County location provides access to a strong local economy and workforce.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $7,161,732
    6.5%
    $6,610,829
    7%
    $6,138,627
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,220,597
    Geo Method
    $2,220,597
  • Alternative Use

    Use
    Valuation
    Residential
    $8,197,428
    Hospitality
    $7,508,800
    Educational
    $6,247,234
    Medical
    $6,462,086
    Retail
    $9,717,919

Location Insight

City
Burnsville
County
Dakota
State
Minnesota
Latitude
44.7724
Longitude
-93.2783
CBSA code
33460
CBSA name
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$115,962
$241,100
$3,684,400
$3,925,500
-
$241,100
$3,684,400
$3,925,500

FAQs

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