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2434 Commerce Blvd 6,515 SF 100% Leased Office Building Mound, MN 55364 $829,900 ($127.38/SF)
Investment Highlights
- Well-maintained multi-tenant office building with residential-style architecture
- Located in a quiet commercial corridor with nearby residential neighborhoods
- Two-story building featuring modern vinyl siding, pitched roofs, and updated windows
- Convenient access to local amenities and the greater Lake Minnetonka area
Executive Summary
Exceptional opportunity to acquire a well-maintained multi-tenant commercial building in the heart of Mound. This 12-unit office property offers strong in-place income with no current vacancies, making it an ideal investment for both seasoned investors and owner-operators. The property features approximately 4,800+ finished square feet across multiple levels, with a flexible layout that accommodates a variety of professional office uses. Situated on a high-visibility corridor just off Commerce Boulevard, the location provides convenient access for tenants and clients alike, with ample on-site parking and proximity to Lake Minnetonka communities. Additional upside potential exists through future rent optimization and possible leasing of storage areas in the basement.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
6,515 SF
Building Class
B
Year Built/Renovated
1903/2018
Price
$829,900
Price Per SF
$127.38
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,600 SF
Building FAR
0.11
Lot Size
1.39 AC
Zoning
B1 - Commercial space
Parking
20 Spaces (2.63 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 23-117-24-11-0001 | Improvements Assessment | $456,000 |
| Land Assessment | $184,000 | Total Assessment | $640,000 |
Property Taxes
Parcel Number
23-117-24-11-0001
Land Assessment
$184,000
Improvements Assessment
$456,000
Total Assessment
$640,000
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Contact the Sale Advisor
2434 Commerce Blvd