808-810 Lilac Drive N 810 N Lilac Dr 17,045 SF 73% Leased Office Building Golden Valley, MN 55422 $2,200,000 ($129.07/SF) 10.07% Cap Rate

810 N. Lilac Drive presents a rare opportunity to acquire a well-maintained, multi-tenant office building in the highly desirable Golden Valley submarket. The property is currently substantially leased and generates approximately $221,000 in annual net income, providing investors with immediate in-place cash flow and stability.
The property also offers significant upside potential through the lease-up of the remaining vacant suites. Upon stabilization, ownership projects a potential net income of approximately $271,000 annually, creating a compelling value-add opportunity for investors seeking both current yield and future growth.
Available space includes a highly functional two-story office suite featuring a large open workspace, conference room, private offices, and a full kitchen. This suite is well-suited for a traditional office user or could be repositioned as a tenant amenity center, training facility, collaborative workspace, or headquarters suite to enhance leasing efforts and maximize property value.
Conveniently located near Highway 55, I-394, and Highway 100, the property offers excellent regional access, abundant parking, and proximity to numerous retail, restaurant, and service amenities. This combination of stable in-place income, leasing upside, and strategic location makes 810 N. Lilac Drive an attractive investment opportunity in one of the Twin Cities' most established office markets.