Two-Suite Office
4200 Egan Drive, Savage, MN 55378
For Sale
$1,750,000
Commercial Sale, Savage, MN
Property Size8,976 SF
Lot Size1.02 Acres
Price / SF$194.96
Days on Market126
Property Features for 4200 Egan Drive
General Information
Property type
Property subtype
Parking features
Accessibility
Subdivision
High school district
Directions
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Building Details
Year built
Listing Agency:
RE/MAX Advantage Plus · RE/MAX International
(763) 755-1100
Listed By:
Jeremy Feldmann · License #62417
(952) 226-7700
Added: Jul 7
Changed: Oct 16
Last Checked: Nov 9 at 4:06AM
MLS# 7105181
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.
Located at 4200 Egan Drive in Savage, Minnesota, this 8,976-square-foot office building was constructed in 1999 and occupies 1.02 acres. The single-level layout is configured for two users, with a professional setting supported by forced-air heating and a parking lot.
Suite 1 is occupied by an eye clinic that has extended its lease for another 5-year term. Suite 2 is available for lease and includes seven windowed offices, two conference rooms, a bullpen area, and a private entrance. The property also provides an accessible approach with a ramp, offering a practical configuration for office and medical office operations.
Suite 1 is occupied by an eye clinic that has extended its lease for another 5-year term. Suite 2 is available for lease and includes seven windowed offices, two conference rooms, a bullpen area, and a private entrance. The property also provides an accessible approach with a ramp, offering a practical configuration for office and medical office operations.
Key Highlights
- 8,976 SF single‑level office building on 1.02 acres
- Two‑user layout with two separate suites
- Suite 1 occupied by an eye clinic with another 5‑year lease term
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,752
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,375,040
$2.4M
Cap Rate 7%
$1,696,457
$1.7M
Cap Rate 9%
$1,319,467
$1.3M
Market Conditions
NOI Build-Up for 8,976 SF
Gross rent
$226.2K $25.20/SF
− Vacancy
−$28.3K −$3.15/SF
EGI
$197.9K $22.05/SF
− OpEx
−$79.2K −$8.82/SF
NOI
$118.8K $13.23/SF
Area
Scott County, MN
Vacancy
12.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,375,040
Cap Rate 7%
$1,696,457
Cap Rate 9%
$1,319,467
Alternative Uses
Best Use
Healthcare Medical
$1.70M
$1.48M – $1.98M
NOI $118,752 @ 7.0% cap · market cap 6.79%
Second Best
Office B
$1.59M
$1.39M – $1.86M
NOI $111,341 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$2.14M
$1.87M – $2.50M
NOI $149,904 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
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Business Placement
Demographics for 55378, MN
31,906
Population
11,857
Households
2.7
Avg Household Size
37
Median Age
51%
College-Educated
97%
High-School Grad
14.3 sq mi
ZIP Area
2,231
Density / Sq Mi
$122,237
Median Household Income
$58,171
Median Earnings
$1,608
Median Rent
$393,800
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 building - Single-level property combines an established eye clinic tenancy with a separately available office suite.
Where is this office building located?
The property is located at 4200 Egan Drive Savage, MN.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 8,976 SF single‑level office building on 1.02 acres; Two‑user layout with two separate suites; Suite 1 occupied by an eye clinic with another 5‑year lease term
