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    1301-1303 W Chestnut St Virginia, MN 55792

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    For Lease
    Contact for pricing

    Office space for sublease with ample parking and modern amenities.

    Property size:
    60,446 SF
    Lot size:
    15.70 Acres

    Property Features for 1301-1303 W Chestnut St

    General Information

    Size
    60,446 SF
    Lot size
    15.70 Acres

    Source: Newmark Agent Jim Damiani

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

    Overview

    Virginia MN Office Sublease Opportunity

    This property offers approximately 62,406 square feet of office space, divided between two buildings each exceeding 30,000 square feet, connected by a climate-controlled walkway. A credit tenant is looking to sublease between 30,000 to 60,000 square feet. The property features a parking ratio that exceeds market standards, with a total of 415 surface lot spaces. The interior and exterior spaces are well-maintained and updated. Each building includes on-site fitness and break rooms. The office space benefits from 12-foot ceilings and abundant natural light. Redundant power and fiber are available, with a back-up generator for each building. Furniture is available. The location offers close proximity to the Mesabi Trail, a 10-foot wide paved bicycle trail with almost 135 miles of completed trail.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Virginia
    County
    St. Louis
    State
    Minnesota
    Longitude
    -92.5542702
    Latitude
    47.5246042

    FAQs

    What type of property is this?
    Office building - Office space for sublease with ample parking and modern amenities.
    Where is this office building located?
    The property is located at 1301-1303 W Chestnut St Virginia, MN.
    What are key features of this property?
    This property features: - Great credit tenant looking to sublease 30,000 to 60,000 SF; - Approximately 62,406 SF split between two 30,000+ SF buildings and climate-controlled walkway; - Redundant power and fiber with back-up generator for each building
    (612) 270-6318
    Request Owner's contact information
    1301-1303 W Chestnut St Virginia, MN 55792
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    Virginia, MN 55792
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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
    1301-1303 W Chestnut St Virginia, MN 55792
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