4820 77 StEdina, MN 55435

  • Commercial real estate
  • 18,884 SF
For Lease
$27/SF/YR View listing

Property Details for 4820 77 St

Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.75 AC
Property size (Sq ft)
18,884 SF
Zone code
MDD-6
Property type
Commercial real estate
APN
31-028-24-33-0018
APU
3102824330018

Description

This exceptional 18,300-square-foot office building in Edina, Minnesota, presents a unique investment opportunity. Situated at 4820 W 77th St, in Hennepin County, this single-story property boasts a convenient location near Highway 100 and West 77th Street. The building offers multiple tenancy options, with one currently available space measuring 290 square feet. The property has undergone recent updates, showcasing renovated common areas that include a comfortable break room, an inviting patio, and well-maintained landscaping. Its versatile design makes it suitable for a variety of businesses, including corporate offices, medical practices, and even destination retail. The building currently houses a diverse tenant mix, encompassing chiropractic, beauty, counseling, finance, and education businesses, demonstrating its adaptability and appeal to a broad range of industries. This prime Edina address offers excellent visibility and accessibility, making it an attractive option for businesses seeking a high-quality workspace in a thriving community. The property's location in the desirable Edina market provides strong potential for future growth and return on investment. This is a rare opportunity to acquire a well-maintained, updated office building in a highly sought-after location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $5,217,878
    Hospitality
    $4,779,548
    Educational
    $3,976,528
    Medical
    $4,113,287
    Retail
    $6,185,710
4820 77 St, Edina, Minnesota

Location Insight

City
Edina
County
Hennepin
State
Minnesota
Latitude
44.8641
Longitude
-93.3462
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
$76,791
$2,668,000
$1,000
$2,669,000
-
$2,668,000
$1,000
$2,669,000

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