3368 Bunker Lake Blvd NW, Andover, MN 55304
For Lease
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This exceptional 4,500 square foot office building is strategically located at 3368 Bunker Lake Boulevard NW in Andover, Minnesota, on a 0.05-acre lot. Benefitting from high visibility, the property boasts monument signage facing Bunker Lake Boulevard, a road with a daily traffic count of 19,202 vehicles. The building comprises two separate units, each responsible for its own internal maintenance. Shared expenses include sewer, water, trash removal, lawn care, and insurance, split equally between the units. Snow removal and parking lot maintenance are shared at a 14% cost allocation per unit. Significant capital improvements have been undertaken, with costs shared equally between the units. The roof was replaced in December 2007, and the building features two furnaces and two air conditioning units. There are no association dues. This prime location offers excellent proximity to a variety of established retailers, including Festival Foods, Target, Frattallone's, O'Reilly Auto Parts, McDonald's, and Caribou Coffee, ensuring high foot traffic and convenient access for employees and clients. The asking price for this well-maintained and conveniently located office building is $499,900.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.