8700 36Th StSt. Louis Park, MN 55426

Property Details for 8700 36Th St

Year built

1962

Construction

CONCRETE BLOCKS

Lot size

1.25 AC

Property size (Sq ft)

128,328 SF

Property type

Commercial real estate

APN

18-117-21-42-0145

APU

1811721420145

Description

This exceptional two-story, 23,670 square foot executive office building in St. Louis Park, Minnesota, presents a compelling investment opportunity. Located at 8700 W 36th St, 55426, this Class B property boasts a strong 8.50% cap rate and a substantial net operating income (NOI) of $228,229.09, with an asking price of $2,700,000. Built in 1962 and extensively renovated in 2022, the building sits on a 1.25-acre lot with ample free off-street parking. Currently enjoying approximately 86% occupancy across multiple units, this multi-tenant property offers immediate income potential for investors, or the flexibility for an owner-user to customize the available space. The property benefits from a highly desirable location, with convenient access to Highways 169, 7, and Excelsior Boulevard, as well as public transportation, restaurants, and Knollwood Mall. The C-2 zoning allows for a variety of uses. The building features updated mechanical systems, visible monument signage, and a diverse tenant mix of professional service businesses. The current owner maintains a high standard of upkeep, resulting in a well-maintained property and site. This is a highly sought-after asset in a thriving market, ideal for small to mid-sized businesses. The Hennepin County location and APN 1811721420145 further identify this property.

• Alternative Use

  Use

  Valuation

  Residential

  $29,606,548

  Hospitality

  $27,119,438

  Educational

  $22,563,054

  Medical

  $23,339,032

  Retail

  $35,098,084

Location Insight

City

St Louis Park

County

Hennepin

State

Minnesota

Latitude

44.939

Longitude

-93.3902

CBSA code

33460

CBSA name

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

Property Tax & Assessments

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