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1883 Station Pkwy NW Andover, MN 55304

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For Sale
$575,000

Office condo in Andover Station, ideal for investors or users.

Property size:
4,886 SF
Lot size:
0.13 Acres

Property Features for 1883 Station Pkwy NW

General Information

Size
4,886 SF
Lot size
0.13 Acres

Source: Premier Commercial Properties Agent Robert (Marty) Fisher

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


Overview

Andover Station Office Condo

This premier office condo is located in Andover Station, benefiting from a diverse mix of office users. The property is situated adjacent to major retailers such as Target and Walmart, an event center, and a variety of local restaurants and retailers. The total building size is 4,886 square feet and is occupied by two tenants. One tenant, a title company, occupies 1,824 square feet under a lease expiring on December 31, 2027. The other tenant, a home health care provider, occupies 2,534 square feet, also with a lease expiring on December 31, 2027. The current net operating income (NOI) is $40,050. Both leases are structured as Triple Net (NNN) leases, making this an attractive opportunity for either an investor or an owner-user.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Office space

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
Andover
County
Anoka
State
Minnesota
Longitude
-93.3136552
Latitude
45.216399

FAQs

What type of property is this?
Office space - Office condo in Andover Station, ideal for investors or users.
Where is this office space located?
The property is located at 1883 Station Pkwy NW Andover, MN.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: - Current NOI of $40,050; - Both leases are Triple Net (NNN); - Leases expire 12/31/27
More about this property
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