Three-Unit Office
For Sale
$1,000,000
4100 Shoreline Drive, Spring Park, MN 55384
Commercial Sale, Spring Park, MN
Property Size5,398 SF
Lot Size0.12 Acres
Price / SF$185.25
Days on Market49
Property Features for 4100 Shoreline Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business/Commercial
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 6, Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 5, Bathroom 3
Parking features
Garage
Appliances
Dishwasher, Refrigerator
High school district
Westonka
Directions
On Couty Road 15 West (Shoreline Drive) at the intersection of Shoreline and Sunset Drive (The Mist)
Standard status
Active
APN
1811723440232
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
19163
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
lake views
Building Details
Year built
2005
Listing Agency:
RE/MAX Advantage Plus · RE/MAX International
Listed By:
Mark P. Abdel
(952) 226-7700
Added: Sep 1
Changed: Oct 16
Last Checked: Oct 19 at 1:06PM
MLS# 7136511
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2005 office property is arranged as three individual units, with approximately 5,398 square feet available across the combined space. The units can be purchased separately or together. Building features include forced-air heating, central air conditioning, a garage, a dishwasher, and a refrigerator.
The property is across from Lake Minnetonka in Spring Park, with views of the lake. The 0.1239-acre parcel includes on-site parking. The three-unit configuration offers flexibility in how the space is acquired and occupied.
The property is across from Lake Minnetonka in Spring Park, with views of the lake. The 0.1239-acre parcel includes on-site parking. The three-unit configuration offers flexibility in how the space is acquired and occupied.
Key Highlights
- Three individual office units, available separately or together
- Approximately 5,398 square feet across all three units
- 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
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Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
283
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Three units may be purchased separately or together, with garage parking and views of Lake Minnetonka.
Where is this office unit located?
The property is located at 4100 Shoreline Drive 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, available separately or together; Approximately 5,398 square feet across all three units; Across from Lake Minnetonka, with lake views
