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    4205 Lancaster Ln Plymouth, MN 55441

    Sponsored
    For Sale
    $2,600,000

    Multi-use office, ample parking, strong tenant base.

    Property size:
    20,412 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 20,412 square foot multi-use office building, situated on a 2.33-acre lot at 4205 Lancaster Lane N in Plymouth, Minnesota, presents a compelling investment opportunity. Currently housing 5-7 tenants with leases ranging from 20 to 40 months, the property offers immediate cash flow and long-term stability. A significant portion of the building, approximately 6,000 square feet, is ideally suited for a counseling and therapy center, featuring multiple private offices and training rooms already in place. This contiguous space presents a unique opportunity for an owner-occupant seeking to establish or expand their practice. The ample parking available caters to both tenants and clients, enhancing the property's appeal and functionality. The building's multi-use nature allows for flexibility and potential for future development, making it an attractive prospect for investors seeking a diversified portfolio or developers envisioning future expansion or repurposing. The asking price for this prime commercial property is $2,600,000. This presents a rare chance to acquire a well-maintained, income-producing asset in a desirable Plymouth location. The existing tenant base provides a solid foundation for continued success, while the adaptable space allows for future growth and diversification.

    Property Features for 4205 Lancaster Ln

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    20,412 SF
    Lot Size
    101,495 SF

    Building Details

    Year Built
    1979
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Plymouth
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.40605
    Latitude
    45.03163

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    FAQs

    What type of property is this?
    Office Property / Space - Multi-use office, ample parking, strong tenant base.
    Where is this office property / space located?
    The property is located at 4205 Lancaster Ln Plymouth, MN.
    What is the asking price?
    The asking price for this property is $2,600,000.
    (952) 884-8404
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    4205 Lancaster Ln Plymouth, MN 55441
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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
    4205 Lancaster Ln Plymouth, MN 55441
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