Fridley Office Building For
For Sale
Contact for pricing
1299 Mississippi St NE, Fridley, MN
Two-story office building with separate entrances in Fridley, Minnesota.
Property Size2,900 SF
Lot Size0.48 Acres
Price / SF$172.41
Days on Market1598
Property Features for 1299 Mississippi St NE
General Information
Standard status
Active
Size
2,900 SF
Lot size
0.48 Acres
Property subtype
OFFICE
Listing Agency:
Atlas Commercial Real Estate
Listed By:
Jennifer Pelant · License #20468894
(612) 306-7237
Source:
Moodyscre
Added: Jun 15, 2022
Changed: Oct 25
Last Checked: Oct 28 at 9:30AM
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 Atlas Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story office property in Fridley, Minnesota, offers approximately 2,900 square feet of space. The building features separate entrances to each floor, allowing for single or dual business uses. The property is positioned on a hard corner, providing enhanced access and visibility. This presents a rare opportunity for an owner-user, with potential for a second user or tenant.
Key Highlights
- Great location with hard corner access and visibility
- Rare owner‑user office property
- Approximately 2,900 sf on two floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,227
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$804,540
$804.5K
Cap Rate 7%
$574,671
$574.7K
Cap Rate 9%
$446,967
$447.0K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$72.4K $24.96/SF
− Vacancy
−$18.7K −$6.46/SF
EGI
$53.6K $18.50/SF
− OpEx
−$13.4K −$4.62/SF
NOI
$40.2K $13.87/SF
Area
Anoka County, MN
Vacancy
25.90%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$804,540
Cap Rate 7%
$574,671
Cap Rate 9%
$446,967
Alternative Uses
Best Use
Office B
$574.7K
$502.8K – $670.5K
NOI $40,227 @ 7.0% cap · market cap 8.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$805.5K
$704.8K – $939.8K
NOI $56,387 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
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Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with separate entrances in Fridley, Minnesota.
Where is this office building located?
The property is located at 1299 Mississippi St NE Fridley, MN.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Great location with hard corner access and visibility; Rare owner‑user office property; Approximately 2,900 sf on two floors
