Three-Unit Office Property with Lake
For Sale
$1,000,000
4100 Shoreline Dr, Spring Park, MN 55384
Flexible office configuration supports owner occupancy, leasing, or a combined professional headquarters with on-site parking.
Property Size5,398 SF
Price / SF$185.25
Days on Market48
Property Features for 4100 Shoreline Dr
General Information
Standard status
Active
Size
5,398 SF
Additional Details
Office Units
3
Amenities
lake views
Building Details
Year Built
2005
Listing Agency:
RE/MAX Advantage Plus
Listed By:
Mark P. Abdel
(651) 283-8251
Source:
Tayloronken
Added: Sep 2
Changed: Oct 8
Last Checked: Oct 7 at 1:59PM
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 RE/MAX Advantage Plus
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Investment Insights
Based on property information with market context.
Built in 2005, this office property comprises three individual units totaling approximately 5,398 square feet. The units may be acquired separately or together, allowing an owner-user to occupy selected space while leasing the balance or consolidate the suites into a larger headquarters. The layout supports a professional client-facing environment with flexibility for office, boutique retail, and other commercial applications identified for the property.
The property is located at 4100 Shoreline Dr in Spring Park, directly across from Lake Minnetonka. Lake views provide a distinctive setting for businesses, while on-site parking serves clients and employees. Several indoor parking spaces may also be accommodated.
The property is located at 4100 Shoreline Dr in Spring Park, directly across from Lake Minnetonka. Lake views provide a distinctive setting for businesses, while on-site parking serves clients and employees. Several indoor parking spaces may also be accommodated.
Key Highlights
- Three individual office units totaling approximately 5,398 square feet
- Units can be purchased individually or combined under one ownership
- Directly across from Lake Minnetonka with lake views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,101
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,282,020
$1.3M
Cap Rate 7%
$915,729
$915.7K
Cap Rate 9%
$712,233
$712.2K
Market Conditions
NOI Build-Up for 5,398 SF
Gross rent
$118.5K $21.96/SF
− Vacancy
−$33.1K −$6.13/SF
EGI
$85.5K $15.83/SF
− OpEx
−$21.4K −$3.96/SF
NOI
$64.1K $11.87/SF
Area
Hennepin County, MN
Vacancy
27.90%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,282,020
Cap Rate 7%
$915,729
Cap Rate 9%
$712,233
Alternative Uses
Best Use
Office B
$915.7K
$801.3K – $1.07M
NOI $64,101 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,150 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
Explore this area
Business Placement
Demographics for 55384, MN
1,734
Population
1,318
Households
1.3
Avg Household Size
59
Median Age
31%
College-Educated
94%
High-School Grad
0.4 sq mi
ZIP Area
4,335
Density / Sq Mi
$46,860
Median Household Income
$38,558
Median Earnings
$1,223
Median Rent
$598,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible office configuration supports owner occupancy, leasing, or a combined professional headquarters with on-site parking.
Where is this office unit located?
The property is located at 4100 Shoreline Dr Spring Park, MN.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Three individual office units totaling approximately 5,398 square feet; Units can be purchased individually or combined under one ownership; Directly across from Lake Minnetonka with lake views
