Medical Office with Flexible
For Sale
Contact for pricing
2980 Buckley Way, Inver Grove Heights, MN 55076
Medical facility on 1.21 acres with 8,296 SF and 61 on-site parking spaces for owner users or multiple businesses.
Property Size8,296 SF
Lot Size1.21 Acres
Price / SF$180.81
Days on Market570
Property Features for 2980 Buckley Way
General Information
Standard status
Active
Size
8,296 SF
Total Parking Spaces
61
Lot size
1.21 Acres
Property subtype
OFFICE
Building Details
Building Size
8,296 SF
Listing Agency:
NAI Gateway Commercial
(952) 412-0565
Listed By:
Drew Bonjean
(952) 412-0565
Source:
Moodyscre
Added: Jan 8, 2025
Changed: Jul 30
Last Checked: Jul 30 at 2:15PM
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 NAI Gateway Commercial
Investment Insights
Based on property information with market context.
Medical office/retail property on 1.21 acres offering an 8,296 square foot build-out currently configured as a medical facility with multiple medical rooms and plumbing in place. The existing layout can be kept as-is or strategically reconfigured to fit a new tenant or user. Ownership and deal structure flexibility is noted, with the property described as well-suited for an owner user and potentially convertible to accommodate multiple businesses.
The site includes 61 parking spaces and is positioned on a busy corner in Inver Grove Heights.
With the combination of an established medical room configuration, plumbing already in place, and onsite parking for patients and staff, the property supports medical uses while also allowing consideration of a split or reconfigured layout where multiple businesses are desired.
The site includes 61 parking spaces and is positioned on a busy corner in Inver Grove Heights.
With the combination of an established medical room configuration, plumbing already in place, and onsite parking for patients and staff, the property supports medical uses while also allowing consideration of a split or reconfigured layout where multiple businesses are desired.
Key Highlights
- 8,296 SF medical facility with multiple medical rooms and plumbing in place
- 1.21‑acre site with flexible build‑out to keep or reconfigure space
- 61 on‑site parking spaces
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 | $185.2k | $22.32 |
| − Vacancy | −$48.0k | −$5.78 |
| EGI | $137.2k | $16.54 |
| − OpEx | −$34.3k | −$4.13 |
| NOI | $102.9k | $12.40 |
8,296 SF · lease $22.32/SF/yr · vacancy 25.90% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$2.04M
$1.79M – $2.38M
NOI $142,907 @ 7.0% cap · market cap 9.53%
Second Best
Office B
$1.47M
$1.29M – $1.72M
NOI $102,906 @ 7.0% cap · market cap 6.86%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
379
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55076, MN
21,624
Population
9,525
Households
2.3
Avg Household Size
43
Median Age
39%
College-Educated
95%
High-School Grad
9.9 sq mi
ZIP Area
2,184
Density / Sq Mi
$98,026
Median Household Income
$55,557
Median Earnings
$1,340
Median Rent
$308,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical facility on 1.21 acres with 8,296 SF and 61 on-site parking spaces for owner users or multiple businesses.
Where is this medical office space located?
The property is located at 2980 Buckley Way Inver Grove Heights, MN.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: 8,296 SF medical facility with multiple medical rooms and plumbing in place; 1.21‑acre site with flexible build‑out to keep or reconfigure space; 61 on‑site parking spaces
