Medical Office
3541 Lyndale Ave S Minneapolis, MN 55408
For Sale
Contact for pricing
Office building offering 5,762 square feet of medical and professional workspace for sale.
Property Size5,762 SF
Price / SF$164.87
Days on Market124
Property Features for 3541 Lyndale Ave S
General Information
- Standard status
- Active
- Size
- 5,762 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1923
Listing Agency:
eXp Commercial
Listed By:
Michael Ahles · License #MN 20324981
Source:
Crexi
Added: Mar 24
Changed: Jul 23
Last Checked: Jul 23 at 4:09AM
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 eXp Commercial
Investment Insights
Based on property information with market context.
This office building is listed for sale and offers 5,762 square feet of commercial space. The property is identified for medical office use as well as general office use.
The offering is presented as an office asset at 3541 Lyndale Ave S in Minneapolis, Minnesota, with a stated total building size of 5,762 square feet.
Prospective buyers and brokers can review the property as an existing office building configured for medical office and professional office operations.
The offering is presented as an office asset at 3541 Lyndale Ave S in Minneapolis, Minnesota, with a stated total building size of 5,762 square feet.
Prospective buyers and brokers can review the property as an existing office building configured for medical office and professional office operations.
Key Highlights
- Office building built in 1923
- 5,762 sq ft of office space for medical and professional use
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 | $138.3k | $24.00 |
| − Vacancy | −$13.8k | −$2.40 |
| EGI | $124.5k | $21.60 |
| − OpEx | −$49.8k | −$8.64 |
| NOI | $74.7k | $12.96 |
5,762 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.07M
$933.5K – $1.24M
NOI $74,676 @ 7.0% cap · market cap 7.86%
Second Best
Office B
$1.03M
$900.1K – $1.20M
NOI $72,006 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,229 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mackenzie J. Bockwoldt, ...
Alternative Medicine Practice
Andrea Fowler
Alternative Medicine Practice
Wilde Wellness coaching
Health Counselor
Moses Smith
Alternative Medicine Practice
Dr. Jessica Weninger
Alternative Medicine Practice
Similar Off Market Nearby
- Exclusive CAT Hospital — W 35th St, Minneapolis, MN 55408
- Mcmeomy Mike F DVM — 3447 Lyndale Ave S, Minneapolis, MN 55408, United States
- Uptown Veterinarian — 3131 Hennepin Ave, Minneapolis, MN 55408
- Kitty Klinic — 3447 Lyndale Ave S, Minneapolis, MN 55408
FAQs
What type of property is this?
Medical Office Space - Office building offering 5,762 square feet of medical and professional workspace for sale.
Where is this medical office space located?
The property is located at 3541 Lyndale Ave S Minneapolis, MN.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Office building built in 1923; 5,762 sq ft of office space for medical and professional use
