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    1385 Mendota Heights Rd Mendota Heights, MN 55120

    For Sale
    $4,265,950

    Professionally maintained industrial and flex investment property near MSP Airport.

    Property size:
    33,684 SF
    Lot size:
    2.91 Acres

    Property Features for 1385 Mendota Heights Rd

    General Information

    Size
    33,684 SF
    Lot size
    2.91 Acres

    Source: Arrow Real Estate Corp. Agent Chad Weeks

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fully Leased Industrial Flex Property

    The property at 1385 Mendota Heights Business Plaza is a fully leased, professionally maintained industrial and flex investment property. It features high-quality office finishes and functional warehouse capabilities, including a clear height of 14 feet and two dock doors. Recent capital improvements include a remodeled restroom core and a new roof installed in 2023, which comes with a warranty expiring on November 4, 2047. The property offers excellent visibility and accessibility to major highways in the region. The net operating income (NOI) is $319,946. The property offers a compelling investment upside, with several in place leases well below current market rates (estimated market range $12-14, with most recent lease completed at $14.84 Net). This represents an exceptional turnkey investment opportunity in one of the Twin Cities' most accessible and well-established submarkets. The property is strategically located near MSP International Airport and major regional highways. The property size is 33684 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Dental Office Hair Salon Auto Repair Shop Building Supply Clothing Store Skin Care Clinic Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Mendota Heights
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.1659239
    Latitude
    44.8660518

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    FAQs

    What type of property is this?
    Flex space - Professionally maintained industrial and flex investment property near MSP Airport.
    Where is this flex space located?
    The property is located at 1385 Mendota Heights Rd Mendota Heights, MN.
    What is the asking price?
    The asking price for this property is $4,265,950.
    What are key features of this property?
    This property features: - Strong NOI of $319,946 provides immediate income.; - Value-add opportunity with below-market leases, offering potential for increased rental income.; - New roof installed in 2023 with a warranty until 2047.
    (612) 619-9911
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    1385 Mendota Heights Rd Mendota Heights, MN 55120
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    Mendota Heights, MN 55120
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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
    1385 Mendota Heights Rd Mendota Heights, MN 55120
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