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    8963 Syndicate Ave Lexington, MN 55014

    New
    For Sale
    $975,000

    Commercial - Lexington, MN

    Lot size:
    0.44 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 8963 Syndicate Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    APN
    353123130029
    Parking features
    Parking Lot
    Exterior features
    Brick Veneer, Wood
    Lot size
    0.44 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1960
    Architectural style
    Other

    Keller Williams Integrity Realty (651) 203-1700 [email protected]

    Listing agent Chad Heer (651) 203-1700

    Listing date Dec 2, 2025

    MLS# 6817333 Listing URL

    Copyright © 2025 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.

    Overview

    Lexington Multifamily Investment Opportunity

    Located in Lexington, Minnesota, this multifamily property presents an investment opportunity with proximity to restaurants, shopping, freeway access, and other area amenities. Situated in Anoka County, the property encompasses 8,960 square feet and features 16 units. The unit mix includes 15 one-bedroom, one-bathroom units and one studio apartment. Constructed in 1960 and zoned R-4, the property is positioned with in-place, below-market rents, offering potential for increased Net Operating Income through continued building improvements. The 0.44-acre parcel also presents a redevelopment opportunity, as it is surrounded by recently constructed larger apartment buildings.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Lexington
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.171013
    Latitude
    45.134595

    FAQs

    What type of property is this?
    Apartment building - 16-unit multifamily property in Lexington, MN with redevelopment potential.
    Where is this apartment building located?
    The property is located at 8963 Syndicate Ave Lexington, MN.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: - 16 Units: Multi-family property features 15 one-bedroom units and 1 studio apartment.; - Below Market Rents: Increase your Net Operating Income by raising rents.; - Redevelopment Potential: Zoned R-4 and surrounded by new apartment buildings, suggesting redevelopment possibilities.
    (651) 203-1700
    Request Owner's contact information
    8963 Syndicate Ave Lexington, MN 55014
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    Lexington, MN 55014
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    Realmo Value Estimation

    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.

    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.

    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
    8963 Syndicate Ave Lexington, MN 55014
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