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    Property profile & analytics
    FOR SALE
    Commercial real estate

    3368 Bunker Lake Blvd NW, Andover, MN 55304

    4,400 SF 0.05 ac lot Built 1999
    Individually Owned 25-yr Hold ~ Est. High Equity
    Property ID
    US46-0935019
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1999
    Construction WOOD FRAME
    Total area 4,400 SF
    Lot 0.05 ac (2,249 SF)
    APN 32-32-24-41-0060
    UPID US46-0935019
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Tracy L Andrews
    Tracy L Andrews
    1 recorded transaction
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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