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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

    Nearby Similar for Sale

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    • $475,000
      0.05 Acres

      Retail Space on Bunker Lake

      Retail space with monument signage and high traffic counts.
      3368 Bunker Lake Blvd NW, Andover, MN 55304
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    • $499,900
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      Andover Office Building - Great Location!

      Prime Andover Office, High Traffic Area, Two Units.
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    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
    (763) 862-2005
    Request Owner's contact information
    1883 Station Pkwy NW Andover, MN 55304
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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
    1883 Station Pkwy NW Andover, MN 55304
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