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Connected-Suite Flex Building
For Sale
$5,900,000

4264 Norex Drive, Chaska, MN 55318

Internally linked suites support occupancy configurations ranging from a single suite to the full building.

Property SizeContact for details
Days on Market11

Property Features for 4264 Norex Drive

General Information

Standard status Active
Property subtype Commercial
Occupancy 93%
Lease Term []

Additional Details

Sprinkler System Yes

Amenities

Grab Bars In Bathroom

Building Details

Year Built 1995
Listing Agency: Gold Group Realty,LLC
Listed By: Aaron Goldstein · License #40605893
Source: C21atwood
Added: Oct 2 Changed: Oct 12 Last Checked: Oct 11 at 9:58AM

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 Gold Group Realty,LLC

Investment Insights

Based on property information with market context.

This 1995 flex building is 93% leased, with current leases scheduled to end at various points during 2027. Its suites connect internally, and occupancy configurations range from 6,295 SF to 56,747 SF. The property has a 60MIL EPDM ballasted roof installed in 2025 and an ESFR fire sprinkler system installed in 2024.

The connected layout provides flexibility to occupy a portion or a larger area of the building. A rent roll is available with an NDA.

Key Highlights

  • 93% leased; leases terminate at various points throughout 2027
  • Internally connected suites; occupancy configurations range from 6,295 SF to 56,747 SF
  • 60MIL EPDM ballasted roof installed in 2025

Property Analytics

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Open Analytics

Current Use

Freight Management Logistics Trucking Company Prairie Machining, Inc. Industrial Manufacturer

Suggested Use

Top Pick Restaurant Hair Salon Auto Repair Shop Auto Parts Store Nail Salon Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

93%
Occupancy
Yes
Sprinkler system

Location Intelligence

Trade Area within ½ mile

248
Businesses Nearby
Balanced
Demand for This Use

Demographics for 55318, MN

29,729
Population
11,453
Households
2.6
Avg Household Size
37
Median Age
47%
College-Educated
93%
High-School Grad
39.9 sq mi
ZIP Area
745
Density / Sq Mi
$111,781
Median Household Income
$63,293
Median Earnings
$1,430
Median Rent
$389,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Internally linked suites support occupancy configurations ranging from a single suite to the full building.
Where is this flex space located?
The property is located at 4264 Norex Drive Chaska, MN.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: 93% leased; leases terminate at various points throughout 2027; Internally connected suites; occupancy configurations range from 6,295 SF to 56,747 SF; 60MIL EPDM ballasted roof installed in 2025
More about this property
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