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Two-Building Office Property
New
For Sale
$3,500,000

1620 98th Street W, Bloomington, MN 55431

Commercial Sale, Bloomington, MN

Property SizeContact for details
Lot Size0.58 Acres
Days on Market1

Property Features for 1620 98th Street W

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Industrial
Rooms Basement
Parking features Parking Lot
Exterior features Brick/Stone
Subdivision Harrison Homestead
High school district Bloomington
Directions 1620 98th St W
Standard status Active
APN 1602724240018
Lot size 0.58 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 34603

Utilities

Heating system Forced Air

Building Details

Year built 1966
Listing Agency: RE/MAX Results · RE/MAX International
Listed By: Anthony D Weinstine
Added: Aug 21 Last Checked: Aug 21 at 5:06PM
MLS# 7127459

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This office property includes two buildings totaling approximately 30,356 square feet. Constructed in 1966, the buildings feature brick and stone exteriors, forced-air heating, parking lots, and basement space. Several upgrades have been completed within the last few years, and three anchor tenants occupy the property.

The property is located in Bloomington, Minnesota, within Hennepin County. Industrial zoning supports the existing commercial setting. The two-building configuration, on-site parking, and combination of office and basement areas provide a substantial physical presence for the asset.

Key Highlights

  • Two buildings totaling approximately 30,356 square feet
  • Three anchor tenants occupy the property
  • Industrial zoning

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Restaurant Hotel & Motel Hair Salon Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

699
Businesses Nearby

Demographics for 55431, MN

19,767
Population
8,483
Households
2.3
Avg Household Size
43
Median Age
48%
College-Educated
94%
High-School Grad
7.8 sq mi
ZIP Area
2,534
Density / Sq Mi
$103,125
Median Household Income
$55,545
Median Earnings
$1,704
Median Rent
$354,300
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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 - Office campus with industrial zoning, three anchor tenants, parking, and recent upgrades.
Where is this office building located?
The property is located at 1620 98th Street W Bloomington, MN.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Two buildings totaling approximately 30,356 square feet; Three anchor tenants occupy the property; Industrial zoning
More about this property
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