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Investment Highlights
- The property offers excellent visibility and convenient access to Hwy 10, Hwy 610, and Hwy 65.
- The remaining corner suite features abundant natural light and a functional office layout.
- The property is competitively priced for investors seeking stability and growth.
- Two of the three tenant spaces are leased, providing immediate income potential.
- Building and monument signage options are available for strong branding exposure.
Executive Summary
Positioned in a high-visibility corridor with excellent access to Hwy 10, Hwy 610, and Hwy 65, this office property offers a strategic investment opportunity in the thriving Coon Rapids market. The building features a total of 6,046 square feet divided into three tenant spaces, two of which are already leased, providing immediate income potential. The remaining main-level corner suite offers abundant natural light with two walls of glass and a functional layout including a reception area and multiple private offices, appealing to professional users.
The property benefits from prominent building and monument signage options, enhancing exposure along a well-traveled route. Its location ensures convenient connectivity to major highways, making it attractive for businesses seeking accessibility and visibility. This asset combines stability through existing tenancy with upside through leasing the remaining space. Investors will appreciate the modern build-out, strong regional demographics, and proximity to retail and residential hubs that support long-term demand.
This is an ideal acquisition for those seeking a well-maintained office property with a blend of current cash flow and future growth potential in a dynamic suburban market.
The property benefits from prominent building and monument signage options, enhancing exposure along a well-traveled route. Its location ensures convenient connectivity to major highways, making it attractive for businesses seeking accessibility and visibility. This asset combines stability through existing tenancy with upside through leasing the remaining space. Investors will appreciate the modern build-out, strong regional demographics, and proximity to retail and residential hubs that support long-term demand.
This is an ideal acquisition for those seeking a well-maintained office property with a blend of current cash flow and future growth potential in a dynamic suburban market.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
6,046 SF
Building Class
B
Year Built
2007
Price
$1,058,050
Price Per SF
$175
Percent Leased
78%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,023 SF
Slab To Slab
11’
Building FAR
1.39
Lot Size
0.10 AC
Parking
25 Spaces (4.13 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Central Heating
- Natural Light
- Air Conditioning
- Smoke Detector
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 25-31-24-11-0076 | Improvements Assessment | $783,200 |
| Land Assessment | $83,300 | Total Assessment | $866,500 |
Property Taxes
Parcel Number
25-31-24-11-0076
Land Assessment
$83,300
Improvements Assessment
$783,200
Total Assessment
$866,500
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