Office and Studio
For Sale
Contact for pricing
Pending
251 8th Street Northwest, Elk River, MN 55330
Building offers direct Hwy 169 visibility and flexible interior space with both office and dance studio components.
Property Size6,000 SF
Days on Market63
Property Features for 251 8th Street Northwest
General Information
Standard status
Pending
Size
6,000 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Business Included
Yes
Listing Agency:
Acuity Group
(612) 242-1653
Listed By:
Dustin Heggem · License #40416985
(612) 242-1653
Source:
Moodyscre
Added: Jun 11
Changed: Aug 8
Last Checked: Aug 11 at 1:00PM
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 Acuity Group
Investment Insights
Based on property information with market context.
This 6,000-square-foot commercial building is currently divided into two distinct areas: a 4,000-square-foot dance studio and 2,000-square-foot professional office space. The property is described as a turnkey option for a dance-related owner, and the overall layout is positioned to be converted to other uses as needed. Additional improvements include approximately 1,800 square feet of fenced-in parking and storage located in the rear of the building.
The building provides direct visibility to Hwy 169. Access to and from the property is described as convenient following completion of the Elk River freeway project.
For buyers evaluating an owner-operator scenario, the existing split between studio and office supports a combined-use model. The availability of fenced rear parking and storage also adds practical value for day-to-day operations. For investors or owner-users seeking flexibility, the property’s described convertibility can support alternative commercial use scenarios beyond the current dance and office configuration.
The building provides direct visibility to Hwy 169. Access to and from the property is described as convenient following completion of the Elk River freeway project.
For buyers evaluating an owner-operator scenario, the existing split between studio and office supports a combined-use model. The availability of fenced rear parking and storage also adds practical value for day-to-day operations. For investors or owner-users seeking flexibility, the property’s described convertibility can support alternative commercial use scenarios beyond the current dance and office configuration.
Key Highlights
- Direct visibility to Hwy 169
- 6,000 sq ft building with 4,000 sq ft dance studio and 2,000 sq ft professional office space
- 2,000 sq ft office space currently leased
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
Explore this area
Business Placement
Demographics for 55330, MN
43,626
Population
16,796
Households
2.6
Avg Household Size
37
Median Age
33%
College-Educated
94%
High-School Grad
106.6 sq mi
ZIP Area
409
Density / Sq Mi
$111,481
Median Household Income
$59,332
Median Earnings
$1,356
Median Rent
$355,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Building offers direct Hwy 169 visibility and flexible interior space with both office and dance studio components.
Where is this office units located?
The property is located at 251 8th Street Northwest Elk River, MN.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Direct visibility to Hwy 169; 6,000 sq ft building with 4,000 sq ft dance studio and 2,000 sq ft professional office space; 2,000 sq ft office space currently leased
