Office Units with Large
New
For Sale
Contact for pricing
2906-2910 Upper 55th St E, Inver Grove Heights, MN 55076
On-site parking is available for employees and clients.
Property Size3,200 SF
Price / SF$179.69
Days on Market4
Property Features for 2906-2910 Upper 55th St E
General Information
Standard status
Active
Size
3,200 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
Langer Real Estate
Listed By:
David Langer
(651) 450-9669
Source:
Moodyscre
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 2:11AM
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 Langer Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The office property at 2906-2910 Upper 55th St E in Inver Grove Heights contains 3,200 SF of executive office space. Large windows and modernized finishes shape the interior, while on-site parking is provided for employees and clients.
The property is located on Upper 55th Street, with access to Highway 494 and Highway 52.
The property is located on Upper 55th Street, with access to Highway 494 and Highway 52.
Key Highlights
- 3,200 SF of executive office space
- Large windows throughout the office
- Modern upgrades and finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,694
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$793,880
$793.9K
Cap Rate 7%
$567,057
$567.1K
Cap Rate 9%
$441,044
$441.0K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$71.4K $22.32/SF
− Vacancy
−$18.5K −$5.78/SF
EGI
$52.9K $16.54/SF
− OpEx
−$13.2K −$4.13/SF
NOI
$39.7K $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%
$793,880
Cap Rate 7%
$567,057
Cap Rate 9%
$441,044
Alternative Uses
Best Use
Office B
$567.1K
$496.2K – $661.6K
NOI $39,694 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$787.5K
$689.0K – $918.7K
NOI $55,123 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
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
Frequently Asked Questions
What type of property is this?
Office units - On-site parking is available for employees and clients.
Where is this office units located?
The property is located at 2906-2910 Upper 55th St E Inver Grove Heights, MN.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 3,200 SF of executive office space; Large windows throughout the office; Modern upgrades and finishes
