Two-Suite Office
For Sale
Contact for pricing
4200 Egan Dr, Savage, MN 55378
Single-level professional building with windowed offices, conference rooms, and a private suite entrance.
Property Size8,976 SF
Price / SF$217.25
Days on Market494
Property Features for 4200 Egan Dr
General Information
Standard status
Active
Size
8,976 SF
Property subtype
OFFICE
Additional Details
Office Units
2
Building Details
Buildings
1
Stories
1
Building Size
8,976 SF
Tenancy
Multi
Listing Agency:
RE/Max Advantage Plus -Bloomington
(406) 314-3333
Listed By:
Jeremy Feldmann · License #62417
(406) 314-3333
Source:
Moodyscre
Added: Mar 26, 2025
Changed: Jul 31
Last Checked: Jul 31 at 10:46PM
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 RE/Max Advantage Plus -Bloomington
Investment Insights
Based on property information with market context.
The 8,976-square-foot, single-level office building is configured for two users. Suite 2 is currently available for lease and includes 7 windowed offices, 2 conference rooms, a bullpen area, and its own private entry. Suite 1 is occupied by a long-term Vision Clinic, providing an established tenant within the property.
Located at 4200 Egan Dr in Savage, Minnesota, the property sits on just over an acre with ample parking. The building offers a professional setting for an owner-user, an investor, or a combination of leased and occupied office space, based on its existing two-suite configuration.
Located at 4200 Egan Dr in Savage, Minnesota, the property sits on just over an acre with ample parking. The building offers a professional setting for an owner-user, an investor, or a combination of leased and occupied office space, based on its existing two-suite configuration.
Key Highlights
- 8,976 SF single‑level office building
- Two‑user configuration with separate suites
- Suite 2 includes 7 windowed offices, 2 conference rooms, bullpen area, and private entry
Financial Insights For Healthcare Medical
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 | $226.2k | $25.20 |
| − Vacancy | −$28.3k | −$3.15 |
| EGI | $197.9k | $22.05 |
| − OpEx | −$79.2k | −$8.82 |
| NOI | $118.8k | $13.23 |
8,976 SF · lease $25.20/SF/yr · vacancy 12.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.70M
$1.48M – $1.98M
NOI $118,752 @ 7.0% cap · market cap 6.09%
Second Best
Office B
$1.59M
$1.39M – $1.86M
NOI $111,341 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$2.14M
$1.87M – $2.50M
NOI $149,904 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
Explore this area
Business Placement
Demographics for 55378, MN
31,906
Population
11,857
Households
2.7
Avg Household Size
37
Median Age
51%
College-Educated
97%
High-School Grad
14.3 sq mi
ZIP Area
2,231
Density / Sq Mi
$122,237
Median Household Income
$58,171
Median Earnings
$1,608
Median Rent
$393,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Single-level professional building with windowed offices, conference rooms, and a private suite entrance.
Where is this office building located?
The property is located at 4200 Egan Dr Savage, MN.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 8,976 SF single‑level office building; Two‑user configuration with separate suites; Suite 2 includes 7 windowed offices, 2 conference rooms, bullpen area, and private entry
