Four-Level Office
New
For Sale
$224,900
14589 Grand Avenue S, Burnsville, MN 55306
Multiple private offices provide a flexible layout, with a kitchen and copier room on the upper level.
Property Size1,167 SF
Price / SF$192.72
Days on Market4
Property Features for 14589 Grand Avenue S
General Information
Standard status
Active
Size
1,167 SF
Property subtype
Commercial
Zoning
Business/Commercial
Additional Details
HOA Fee
$437.82
Highway Access
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$2,716
Amenities
kitchen/copier room
Building Details
Building Size
1,167 SF
Year Built
1983
Stories
4
Units
1
Listing Agency:
RES Realty
Listed By:
Robert B. Braaten
(612) 396-0611
Source:
Getyoumoved
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 4:46PM
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 RES Realty
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Investment Insights
Based on property information with market context.
This four-level office unit contains multiple offices on every level, with a kitchen and copier room on the upper floor. The 1,167-square-foot property was built in 1983 and is zoned Business/Commercial.
The property is at 14589 Grand Avenue S in Burnsville, with highway access. An association fee applies.
The property is at 14589 Grand Avenue S in Burnsville, with highway access. An association fee applies.
Key Highlights
- 1,167 square feet across four levels
- Multiple offices on each level
- Upper‑level kitchen and copier room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,476
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,520
$289.5K
Cap Rate 7%
$206,800
$206.8K
Cap Rate 9%
$160,844
$160.8K
Market Conditions
NOI Build-Up for 1,167 SF
Gross rent
$26.0K $22.32/SF
− Vacancy
−$6.7K −$5.78/SF
EGI
$19.3K $16.54/SF
− OpEx
−$4.8K −$4.13/SF
NOI
$14.5K $12.40/SF
Area
Dakota County, MN
Vacancy
25.90%
Lease Rate
$22.32 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,520
Cap Rate 7%
$206,800
Cap Rate 9%
$160,844
Alternative Uses
Best Use
Office B
$206.8K
$181.0K – $241.3K
NOI $14,476 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$287.2K
$251.3K – $335.1K
NOI $20,103 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
762
Businesses Nearby
Explore this area
Business Placement
Demographics for 55306, MN
16,984
Population
7,088
Households
2.4
Avg Household Size
37
Median Age
43%
College-Educated
94%
High-School Grad
6.2 sq mi
ZIP Area
2,739
Density / Sq Mi
$98,012
Median Household Income
$50,120
Median Earnings
$1,610
Median Rent
$366,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Multiple private offices provide a flexible layout, with a kitchen and copier room on the upper level.
Where is this office unit located?
The property is located at 14589 Grand Avenue S Burnsville, MN.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: 1,167 square feet across four levels; Multiple offices on each level; Upper‑level kitchen and copier room
