7373 147th St W
Apple Valley, MN 55124
Apple Valley Office Center · Office Property For Sale

This offering presents the opportunity to acquire a stabilized multi-tenant office investment property totaling 25,188 rentable square feet with a diversified tenant base consisting of 31 office suites. The property is currently 88.4% occupied, generating stable in-place cash flow while providing additional upside through the lease-up of the remaining smaller office suites.
- Stabilized multi-tenant office investment property totaling 25,188 rentable square feet
- Diversified tenant base consisting of 31 office suites
- NOI: $252,775
- Currently 88.4% occupied, generating stable in-place cash flow
- Additional upside through the lease-up of the remaining smaller office suites
- Strategically located one block east of Cedar Avenue (Highway 77) and 147th Street
- Positioned in the heart of downtown Apple Valley
- Excellent visibility and accessibility within one of the south metro's established commercial districts
- Exceptional parking ratio with 114 surface parking spaces
- Mix of immediate cash flow stability and future leasing flexibility
Strategically located one block east of Cedar Avenue (Highway 77) and 147th Street, the property is positioned in the heart of downtown Apple Valley, providing convenient access to major transportation corridors and the surrounding Twin Cities metropolitan area. The property benefits from excellent visibility and accessibility within one of the south metro’s established commercial districts.
Situated on 2.06 acres, the asset offers an exceptional parking ratio with 114 surface parking spaces, providing tenants and visitors with abundant on-site parking capacity. The property also features monument signage along 147th Street, enhancing tenant exposure and visibility.
The tenant roster provides a balanced income stream with lease terms ranging from six months to more than seven years, creating a mix of immediate cash flow stability and future leasing flexibility. Existing vacancy provides investors the opportunity to increase occupancy and further enhance revenue through strategic leasing initiatives.
The property is professionally managed and has benefited from substantial capital improvements, including a complete renovation of the exterior and interior common areas in 2020. These improvements have enhanced the property’s appearance, tenant experience, and competitive position while reducing near-term capital expenditure requirements.
Combining stable occupancy, diversified tenancy, recent renovations, abundant parking, strong visibility, and additional lease-up potential, this offering represents an attractive opportunity to acquire a well-positioned office investment with immediate income and long-term value creation potential.