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Gateway Professional Building 15870 Franklin Trl SE 6,700 SF 100% Leased Office Building Prior Lake, MN 55372 $1,100,000 ($164.18/SF) 5% Cap Rate
Investment Highlights
- Possibility of multi use residential and retail business.
- Free span building allows reconfiguration of current office space
- Great owner user site with room for growth
Executive Summary
Opportunity for 2.3 acres with Highway 13 frontage located in Prior Lake Minnesota. This 6800 square foot building features many office suites leased on a month to month basis. Ideal site for owner user or redevelopment with Highway and County Road frontage. Zoned B3 with many uses, car wash, hotel, event center, possible mixed use housing, restaurant etc. The current use is office and educational space. You could add on, or use the building as it is, or demolish and redevelop as you see fit. New roof top HVAC unit just installed.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
6,700 SF
Building Class
C
Year Built
1974
Price
$1,100,000
Price Per SF
$164.18
Cap Rate
5%
NOI
$55,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,700 SF
Slab To Slab
8’
Building FAR
0.07
Lot Size
2.32 AC
Zoning
C2 - C-2 General Business. C-2 zoning district is to allow the concentration of general commercial development for the convenience of the public
Parking
35 Spaces (5.22 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Somewhat walkable
30/100
Very drivable
80/100
Minimal public transit
10/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 25-936-012-3 | Improvements Assessment | $130,500 |
| Land Assessment | $574,800 | Total Assessment | $705,300 |
Property Taxes
Parcel Number
25-936-012-3
Land Assessment
$574,800
Improvements Assessment
$130,500
Total Assessment
$705,300
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Gateway Professional Building | 15870 Franklin Trl SE
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