Eagan Freestanding Commercial
4040 Nicols Rd Eagan, MN
For Sale
Contact for pricing
Versatile commercial building in Eagan with redevelopment potential.
Property Size3,912 SF
Lot Size0.71 Acres
Price / SF$150
Days on Market311
Property Features for 4040 Nicols Rd
General Information
Standard status
Active
Size
3,912 SF
Lot size
0.71 Acres
Property subtype
OFFICE
Listing Agency:
EFH Realty Advisors Inc
(952) 890-6450
Listed By:
Susan Whalen · License #875767
(952) 890-6450
Source:
Moodyscre
Added: Sep 22, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:05AM
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 EFH Realty Advisors Inc
Investment Insights
Based on property information with market context.
Located just south of the intersection of Cedar Avenue and Highway 13 in Eagan, this commercial building offers accessibility with on-site parking on a 0.71-acre corner parcel. The 3,912-square-foot building is zoned Cedar Grove District and is suited for a variety of uses including office, retail, service, medical office, and specialty purposes. The building layout includes a vaulted reception area, windowed private offices, conference rooms, cube areas, a kitchen, and storage. Close, on-site parking is located immediately adjacent to the entrance. The property has strong capacity for adaptive reuse as office, retail, service, medical, or hospice care. It is located minutes from MSP International Airport and has convenient proximity to I-35E and Cedar Avenue (Hwy. 77), Mall of America, public transit, retail, dining, financial, and other services.
Key Highlights
- Outstanding location south of Cedar Avenue and Highway 13 in Eagan with exceptional accessibility.
- Versatile commercial building with 3,912 sq ft of professional office space on a 0.71 acre corner parcel.
- Zoned Cedar Grove District, suitable for a wide variety of office, retail, service, medical office, and specialty uses.
Financial Insights For Office B
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 | $87.3k | $22.32 |
| − Vacancy | −$22.6k | −$5.78 |
| EGI | $64.7k | $16.54 |
| − OpEx | −$16.2k | −$4.13 |
| NOI | $48.5k | $12.40 |
3,912 SF · lease $22.32/SF/yr · vacancy 25.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$693.2K
$606.6K – $808.8K
NOI $48,526 @ 7.0% cap · market cap 8.27%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$962.7K
$842.4K – $1.12M
NOI $67,388 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Versatile commercial building in Eagan with redevelopment potential.
Where is this office building located?
The property is located at 4040 Nicols Rd Eagan, MN.
What is the asking price?
The asking price for this property is $586,800.
What are key features of this property?
This property features: Outstanding location south of Cedar Avenue and Highway 13 in Eagan with exceptional accessibility.; Versatile commercial building with **3,912 sq ft of professional office space** on a 0.71 acre corner parcel.; Zoned Cedar Grove District, suitable for a wide variety of office, retail, service, medical office, and specialty uses.
