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251 8th St NW 6,000 SF Office Building Elk River, MN 55330 $635,000 ($105.83/SF)
Investment Highlights
- Direct freeway visability.
- 2,000 sq/ft of leased space to stable tenant.
- Turnkey 4,000 sq/ft dance studio that could easily be transitioned to many uses.
Executive Summary
Great opportunity in a great location with direct visibility to Hwy 169. 6,000 sq/ft building that is currently divided into a 4,000 sq/ft dance studio and 2,000 sq/ft of professional office space that is being leased. Turnkey opportunity for dance related owner but can be easily converted to other uses. Roughly 1,800 sq/ft of fenced in parking/storage in the rear of the building. Convenient access to and from property now that the Elk River freeway project is complete.
Taxes & Operating Expenses (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2026) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Office
Building Size
6,000 SF
Building Class
B
Year Built
1987
Price
$635,000
Price Per SF
$105.83
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,000 SF
Building FAR
0.18
Lot Size
0.76 AC
Zoning
Business/Commercial
Parking
26 Spaces (4.33 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 75-445-0130 | Total Assessment | $516,300 (2025) |
| Land Assessment | $177,000 (2025) | Annual Taxes | ($6,000) (($1.00)/SF) |
| Improvements Assessment | $339,300 (2025) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
75-445-0130
Land Assessment
$177,000 (2025)
Improvements Assessment
$339,300 (2025)
Total Assessment
$516,300 (2025)
Annual Taxes
($6,000) (($1.00)/SF)
Tax Year
2026 Payable 2026
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Presented by
Acuity Group
251 8th St NW
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