Fridley Office Building For
1299 Mississippi St NE Fridley, MN
For Sale
Contact for pricing
Two-story office building with separate entrances in Fridley, Minnesota.
Property Size2,900 SF
Lot Size0.48 Acres
Price / SF$172.41
Days on Market1506
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
(612) 306-7237
Listed By:
Jennifer Pelant · License #20468894
(612) 306-7237
Source:
Moodyscre
Added: Jun 15, 2022
Changed: Jul 6
Last Checked: Jul 21 at 4:23AM
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
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.4k | $24.96 |
| − Vacancy | −$18.7k | −$6.46 |
| EGI | $53.6k | $18.50 |
| − OpEx | −$13.4k | −$4.62 |
| NOI | $40.2k | $13.87 |
2,900 SF · lease $24.96/SF/yr · vacancy 25.90% · expense 25.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
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
