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Landmark Building 8665 Hudson Blvd 25,610 SF 90% Leased Office Building Lake Elmo, MN 55042 $6,299,000 ($245.96/SF) 7.33% Cap Rate
Investment Highlights
- Prominent I-94 frontage
- Generous parking with 97 stalls (3.8 per 1,000 SF) and ADA-accessible entry
- Rooftop solar panels installed in 2024 for improved energy efficiency
- High-speed internet with fiber and cable connectivity
Executive Summary
This two-story office and medical building combines modern design with excellent visibility along I-94, benefiting from exposure to more than 90,000 vehicles per day. Featuring a strong tenant roster with all occupants in good standing, the property is positioned as an ideal investment opportunity with long-term stability. Recent capital improvements include a new membrane roof installed in 2022, solar panel installation in 2024, and planned ADA upgrades in 2025. With fiber internet connectivity, updated common areas, and Business Park zoning, the property appeals to a variety of professional and healthcare tenants.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
25,610 SF
Building Class
A
Year Built
2007
Price
$6,299,000
Price Per SF
$245.96
Cap Rate
7.33%
NOI
$461,565
Percent Leased
90%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,805 SF
Slab To Slab
11’
Building FAR
0.29
Lot Size
2.05 AC
Zoning
Commercial - Commercial
Parking
97 Spaces (3.79 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
- Reception
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Available Suite 210 delivers a mix of private offices, open areas, and a reception space, well-suited for medical or professional office use. The suite offers connectivity with fiber internet and access to shared building amenities including an elevator and updated common spaces.
| Space | Size | Space Use | Build-Out | Available |
| 2nd Fl-Ste 210 | 2,598 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 210
| Size |
| 2,598 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Fl-Ste 210
| Size | 2,598 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Available Suite 210 delivers a mix of private offices, open areas, and a reception space, well-suited for medical or professional office use. The suite offers connectivity with fiber internet and access to shared building amenities including an elevator and updated common spaces.
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Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 33-029-21-44-0037 | Improvements Assessment | $4,109,100 |
| Land Assessment | $646,900 | Total Assessment | $4,756,000 |
Property Taxes
Parcel Number
33-029-21-44-0037
Land Assessment
$646,900
Improvements Assessment
$4,109,100
Total Assessment
$4,756,000
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
Landmark Building | 8665 Hudson Blvd