Medical Office
5020 Minnetonka Boulevard Saint Louis Park, MN 55416
5020 Minnetonka Boulevard, Saint Louis Park, MN, 55416
$550,000
For Sale
$550,000
Freestanding medical office with a reception and waiting area and an ADA ramp at the front entrance.
Property Size3,592 SF
Price / SF$153.12
Days on Market38
Property Features for 5020 Minnetonka Boulevard
General Information
- Standard status
- Active
- Size
- 3,592 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing agency
Gold Group Realty, LLC
(612) 382-4774
Listed by
Aaron Goldstein
(612) 382-4774
Source
Juverealestate
Added: Jun 15 Updated: Jul 22 at 5:41AM Checked: Jul 22 at 5:41AM
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 medical office building is currently configured for dental use, with a front reception area and waiting room. The property includes an ADA ramp located in front of the building, supporting accessible entry.
The building is situated on Minnetonka Boulevard, just blocks east of Hwy 100, providing straightforward visibility and convenient access for patients, clients, and visitors.
While it operates as a dental office today, the layout could be repurposed for general office space or other light medical uses, depending on the tenant’s needs.
The building is situated on Minnetonka Boulevard, just blocks east of Hwy 100, providing straightforward visibility and convenient access for patients, clients, and visitors.
While it operates as a dental office today, the layout could be repurposed for general office space or other light medical uses, depending on the tenant’s needs.
Key Highlights
- Freestanding medical office currently used as a dental office
- Reception and waiting room at the front of the building
- ADA ramp located at the front entrance
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.9k | $21.96 |
| − Vacancy | −$22.0k | −$6.13 |
| EGI | $56.9k | $15.83 |
| − OpEx | −$14.2k | −$3.96 |
| NOI | $42.7k | $11.87 |
3,592 SF · lease $21.96/SF/yr · vacancy 27.90% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$782.9K
$685.0K – $913.4K
NOI $54,802 @ 7.0% cap · market cap 9.96%
Second Best
Office B
$609.4K
$533.2K – $710.9K
NOI $42,655 @ 7.0% cap · market cap 7.76%
Theoretical Best
Office A
$857.0K
$749.9K – $999.8K
NOI $59,988 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Off Market Nearby
- City Cat Clinic & Condos — 4813 Minnetonka Blvd, St Louis Park, MN 55416
- Caravan Vet — 3521 Webster Ave S, St Louis Park, MN 55416
- Runquist Steffen DVM — 4813 Minnetonka Blvd, Minneapolis, MN 55416
FAQs
What type of property is this?
Medical Office Space - Freestanding medical office with a reception and waiting area and an ADA ramp at the front entrance.
Where is this medical office space located?
The property is located at 5020 Minnetonka Boulevard Saint Louis Park, MN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Freestanding medical office currently used as a dental office; Reception and waiting room at the front of the building; ADA ramp located at the front entrance
