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For sale
Office Units
MN
Roseville
1912 Lexington Ave N

Roseville Office Condo Suites

1912 Lexington Ave N, Roseville, MN

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For Sale

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Two office suites available in Roseville, Minnesota.

Type:OFFICE

Property size:

7,000 SF

Lot size:

0.30 Acres

Price / SF:

$185/SF

HighLights

Two large office suites totaling 7,000 SF on the 3rd floor.
Prime location at the corner of Lexington Avenue N and Roselawn Avenue W in Roseville, MN.
Class A building with brick exterior and facade signage opportunity.
Ample parking with 50 stalls.
Includes private offices, conference room, break room, and multiple stations with sinks.
Convenient access to major highways (51 and 36) and proximity to retail and service businesses.

We can help!

Listing Contact

Jeff Salzbrun

Learn more

For Sale

Contact for pricing

Two office suites available in Roseville, Minnesota.

Type:OFFICE

Property size:

7,000 SF

Lot size:

0.30 Acres

Price / SF:

$185/SF

Added:: Mar 1, 2024
Days on Market:: 838
Last Refresh:: May 20 at 8:14 pm

Property Features for 1912 Lexington Ave N

General Information

Standard status: Active
Size: 7,000 SF
Lot size: 0.30 Acres
Property subtype: OFFICE

Properties For Sale

at 1912 Lexington Ave N Contact us

We can help!

Listing Contact

Jeff Salzbrun

Listing agent Jeff Salzbrun License #40699119

Listing office Commercial Equities Group, Inc

Listing date Mar 1, 2024

Source Moodyscre

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

All listing content including descriptions, pricing, images are the copyrighted material of Commercial Equities Group, Inc

HighLights

Two large office suites totaling 7,000 SF on the 3rd floor.
Prime location at the corner of Lexington Avenue N and Roselawn Avenue W in Roseville, MN.
Class A building with brick exterior and facade signage opportunity.
Ample parking with 50 stalls.
Includes private offices, conference room, break room, and multiple stations with sinks.
Convenient access to major highways (51 and 36) and proximity to retail and service businesses.

Overview

Located at the southeast corner of Lexington Avenue N and Roselawn Avenue W, this well-maintained, three-story office condo building features two suites on the 3rd floor. The 22,848 square foot Class A building has a brick exterior and currently houses a mix of medical and professional businesses. Suite 300 offers 3,500 square feet, including surrounding private offices, a break room with a sink and appliances, and centralized work rooms. Suite 350 also provides 3,500 square feet, featuring private offices with windows, a conference room, and multiple stations with sinks. A reception area, elevator lobby, and ADA-compliant restrooms are situated between the suites. The property includes facade signage and ample parking with 50 stalls. Roseville, Minnesota, offers a central suburban location with convenient access to St. Paul and Minneapolis. The area has a high concentration of retail and service businesses, with close proximity to Lexington Plaza Shoppes and Roseville Center Shopping Mall, and is minutes from Rosedale Center. The location is blocks from Highways 51 and 36 and County Rd B W, and benefits from a supportive business environment through the Roseville Economic Development Authority. The population is highly educated with experience in business, professional services, and commerce.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$153.7k	$21.96
− Vacancy	−$42.9k	−$6.13
EGI	$110.8k	$15.83
− OpEx	−$27.7k	−$3.96
NOI	$83.1k	$11.87

7,000 SF · lease $21.96/SF/yr · vacancy 27.90% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.19M

$1.04M – $1.39M (±1% cap)

NOI $83,124 @ 7.0% cap · market cap 6.39%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.67M

$1.46M – $1.95M (±1% cap)

NOI $116,904 @ 7.0% cap · market cap 8.99%

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

Location Intelligence

Current Use by Public Records

Office Units

Map

City: Roseville
County: Ramsey
State: Minnesota
Longitude: -93.1566
Latitude: 45.0061

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For sale
Office Units
MN
Roseville
1912 Lexington Ave N

What type of property is this?

Office units - Two office suites available in Roseville, Minnesota.

Where is this office units located?

The property is located at 1912 Lexington Ave N Roseville, MN.

What is the asking price?

The asking price for this property is $1,300,000.

What are key features of this property?

This property features: Two large office suites totaling 7,000 SF on the 3rd floor.; Prime location at the corner of Lexington Avenue N and Roselawn Avenue W in Roseville, MN.; Class A building with brick exterior and facade signage opportunity.

1912 Lexington Ave N, Roseville, MN

Two office suites available in Roseville, Minnesota.

Property Features for 1912 Lexington Ave N

General Information

Properties For Sale

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Map

Nearby Similar for Sale

Roseville Office Building For Sale

Office Condo with Two-Level Layout

Roseville Office and Flex Space

Turn-Key Space in Roseville, MN

Roseville Flex/Industrial Property For Sale

Roseville Office Building For Rent

Roseville Industrial Property For Sale

Roseville Office Plaza For Sale

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