Eagan Freestanding Commercial
4040 Nicols Rd, Eagan, MN
Call to check price and availability
Versatile commercial building in Eagan with redevelopment potential.
Type:OFFICE
Property size:
3,912 SFLot size:
0.71 AcresPrice / SF:
$150/SF- Added:
- Sep 22, 2025
- Days on Market:
- 238
- Last Refresh:
- Apr 5 at 8:35 pm
Property Features for 4040 Nicols Rd
General Information
- Standard status
- Active
- Size
- 3,912 SF
- Lot size
- 0.71 Acres
- Property subtype
- OFFICE
Listing agent Susan Whalen (952) 890-6450
Listing office EFH Realty Advisors Inc (952) 890-6450
Listing date Sep 22, 2025
Source Moodyscre
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
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.
- Freestanding building offering the opportunity to build equity instead of renting.
- Well‑maintained property with a functional layout including a vaulted reception area, private offices, conference rooms, kitchen, and storage.
- Convenient proximity to MSP International Airport, I‑35E, Cedar Avenue (Hwy. 77), Mall of America, public transit, retail, dining, and financial services.
Overview
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.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$539.2K
NOI $48,526 @ 9.00% cap · cautious / downside scenario
Moderate
$693.2K
NOI $48,526 @ 7.00% cap · market / base-case scenario
Aggressive
$970.5K
NOI $48,526 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| 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 Use Scenarios
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 local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Eagan
- County
- Dakota
- State
- Minnesota
- Longitude
- -93.2175
- Latitude
- 44.8109
Nearby Similar for Sale
FAQs
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.
