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    3550 Lexington Ave N Shoreview, MN

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    For Sale
    $2,261,900

    Well-maintained office building in Shoreview, Minnesota with stable tenants.

    Property size:
    28,155 SF
    Lot size:
    2.17 Acres

    Property Features for 3550 Lexington Ave N

    General Information

    Size
    28,155 SF
    Lot size
    2.17 Acres

    Source: Wyn Group Agent Marshall Nguyen

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

    Overview

    Shoreview Office Building For Sale

    This office building, located in Shoreview, Minnesota, offers 28,155 square feet of space. The property features a newly replaced elevator (2021), with 90% of the heat pumps also recently updated. The roof was repaired in 2020, and the parking lot was resurfaced in 2021. The lobby was updated in 2021. The property has gross leases and a history of stable tenancy throughout the pandemic.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Shoreview
    County
    Ramsey
    State
    Minnesota
    Longitude
    -93.1471667
    Latitude
    45.0791325

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    FAQs

    What type of property is this?
    Office building - Well-maintained office building in Shoreview, Minnesota with stable tenants.
    Where is this office building located?
    The property is located at 3550 Lexington Ave N Shoreview, MN.
    What is the asking price?
    The asking price for this property is $2,261,900.
    What are key features of this property?
    This property features: - Longevity of tenants; - Stable throughout pandemic; - Brand new elevator (whole replacement) 2021
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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
    3550 Lexington Ave N Shoreview, MN
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