Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4215 Fairview Ave Minnetonka, MN 55343

    Sponsored
    For Sale
    Pending
    $4,890,000

    Commercial - Minnetonka, MN

    Lot size:
    2.06 Acres
    Days on Market:
    19
    Last Refresh:
    Jan 23 at 12:06 pm

    Property Features for 4215 Fairview Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    Other
    APN
    2311722310003
    Parking features
    Driveway, Offsite, Parking Lot, Paved or Surfaced
    Exterior features
    Brick/Stone, Stucco
    Appliances
    Dishwasher, Dryer, Freezer, Microwave, Range, Refrigerator, Washer
    Lot size
    2.06 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1955
    Flooring type
    Carpet, Tile, Vinyl
    Building materials
    Block
    Architectural style
    Other

    We can help!

    Listing Contact
    Leslie J. Racine

    Paradigm REG South Suburban LLC (952) 431-5100

    Listing agent Leslie J. Racine (952) 431-5100

    Listing date Jan 5, 2026

    MLS# 6804239 Listing URL

    Copyright © 2026 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Minnetonka Church Building For Sale

    This two-level church building, featuring a main level and a lower level, is situated on approximately 89,914 square feet of land. The gross building area of the original church is approximately 19,342 square feet, complemented by a newly constructed addition of approximately 1,450 square feet, resulting in a total of 20,792 square feet. Constructed in 1955, according to Hennepin County records, the property underwent remodeling and a new addition in 1923 at a cost near $900,000. The sanctuary has a seating capacity of 500+ people, with an additional 130 seats in the commons area that opens to the sanctuary. A large social hall accommodates up to 300 people. The building includes classrooms, offices, a commons area, and a handicap entrance. An elevator provides service to both the main and lower levels. There are 113 on-site paved parking spaces. The large sanctuary and original building were completely remodeled and updated in 2023, featuring modern sound equipment, streaming ability, a projection screen, new carpet, and chairs. The HVAC system has been upgraded with remote temperature control for heating and cooling the sanctuary. Monument signage is present. Zoned for religious use, the property benefits from a location with convenient access to US Highway 7, I-494, and Hwy 169. It offers street exposure and curb appeal, with parking accessibility from Lake Street Extension and Fairview Ave. The structure is in excellent condition and well-maintained. This property presents possibilities for a religious organization.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Minnetonka
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.433615
    Latitude
    44.927454

    Nearby Similar for Sale

    • Contact for pricing
      6.05 Acres

      Minnetonka Office & Medical Space

      Updated office and medical space in well-maintained building.
      2000 Plymouth Rd, Minnetonka, MN 55305
      View Details
    • $2,272,800
      16,800 SF

      Minnetonka Pet Hotel For Sale

      Premier pet care facility in Minnetonka, MN with strong demographics.
      6133 Baker Rd, Minnetonka, MN 55345
      View Details
    • $250,000
      1,500 SF

      Spacious Condo with Luxury Amenities

      Two-bedroom condo near Glen Lake with updated features and amenities.
      14601 Atrium Way, Minnetonka, MN 55345
      View Details
    • $2,500,000
      4,416 SF

      Renovated Stand-Alone Office Building

      Completely renovated office building with modern design and convenient location.
      13815 Ridgedale Dr, Minnetonka, MN 55305
      View Details
    • $169,900
      647 SF

      Minnetonka Condo with Sunset Views

      Move-in ready condo with western views, 10-foot ceilings, and amenities.
      5601 Smetana Dr, Minnetonka, MN 55343
      View Details
    • $435,000
      2,319 SF

      Elevated Townhome with Wooded Views

      End-unit townhome with updated kitchen, private deck, and wooded views.
      5446 Sanibel Dr, Minnetonka, MN 55343
      View Details
    • $445,000

      Remodeled Town Home in Minnetonka

      Remodeled town home with pond view in award-winning school district.
      3624 Sussex Pl, Minnetonka, MN 55345
      View Details
    • Contact for pricing
      225,900 SF

      Former Fortune 500 Headquarters Campus

      225,900 SF lab, office & warehouse space on 24 acres.
      10600-10700 Bren Rd W, Minnetonka, MN 55343
      View Details
    • $109,500
      812 SF

      Updated Condo in Prime Location

      Move-in ready Minnetonka condo with modern upgrades and amenities.
      10311 Cedar Lake Rd, Minnetonka, MN 55305
      View Details
    • $229,900

      Minnetonka Condo with Heated Parking

      One-level living with amenities, heated parking, and convenient location.
      14501 Atrium Way, Minnetonka, MN 55345
      View Details
    • $495,000
      1,148 SF

      Minnetonka Office Space For Sale

      Office property with high visibility on Williston Road.
      3900 Williston Rd, Minnetonka, MN 55345
      View Details
    • $1,200,000
      8,040 SF

      Minnetonka Office Building For Sale

      Office building with drive-in door in a desirable location.
      6026 Blue Circle Dr, Minnetonka, MN 55343
      View Details

    FAQs

    What type of property is this?
    Church & religious facility - Two-level church on 2.06 acres in excellent condition.
    Where is this church & religious facility located?
    The property is located at 4215 Fairview Ave Minnetonka, MN.
    What is the asking price?
    The asking price for this property is $4,890,000.
    What are key features of this property?
    This property features: - Large seating capacity: Sanctuary seats **500+**, plus additional seating in commons and social hall.; - **Recently remodeled sanctuary (2023)** with modern sound equipment and streaming ability.; - Excellent condition, well-kept building with updated HVAC and remote temperature control.
    (612) 961-4010
    Request Owner's contact information
    4215 Fairview Ave Minnetonka, MN 55343
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4215 Fairview Ave
    Minnetonka, MN 55343
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4215 Fairview Ave Minnetonka, MN 55343
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Leslie J. Racine
    (612) 961-4010
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.