Two-Story Office
For Sale
$5,290,000
550 W Burnsville Parkway, Burnsville, MN 55337
Commercial Sale, Burnsville, MN
Property Size20,217 SF
Lot Size1.13 Acres
Price / SF$261.66
Days on Market76
Property Features for 550 W Burnsville Parkway
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Business/Commercial
Parking features
Parking Lot
Subdivision
Glass Service Co. building
High school district
Burnsville-Eagan-Savage
Directions
Burnsville Parkway and 35W
Standard status
Active
APN
021147501010
Lot size
1.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
90228
Utilities
Heating system
Forced Air
Amenities
landscaped property
Building Details
Year built
2007
Listing Agency:
Keller Williams Realty Integrity Lakes
(612) 821-7400
Listed By:
Chad E Heer · License #40427410
(612) 963-5147
Added: Jul 30
Changed: Sep 30
Last Checked: Oct 13 at 3:06PM
MLS# 7118948
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.
Investment Insights
Based on property information with market context.
The two-story office property contains 20,217 square feet and was built in 2007. Four tenants occupy the building, including Old National Bank, which has a ground-floor location and a customer drive-through. The site encompasses 1.126 acres and is zoned Transit-Oriented Development (TOD).
Situated on Burnsville Parkway at the I-35W intersection, the property records more than 11,300 vehicles per day. The parking lot provides over 54 stalls, and the grounds are landscaped.
Situated on Burnsville Parkway at the I-35W intersection, the property records more than 11,300 vehicles per day. The parking lot provides over 54 stalls, and the grounds are landscaped.
Key Highlights
- 20,217‑square‑foot, two‑story office building completed in 2007
- Four tenants, including Old National Bank as the banking anchor
- Ground‑floor bank space includes a customer drive‑through
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$262,285
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,245,700
$5.2M
Cap Rate 7%
$3,746,929
$3.7M
Cap Rate 9%
$2,914,278
$2.9M
Market Conditions
NOI Build-Up for 20,217 SF
Gross rent
$363.9K $18.00/SF
− Vacancy
−$14.2K −$0.70/SF
EGI
$349.7K $17.30/SF
− OpEx
−$87.4K −$4.32/SF
NOI
$262.3K $12.97/SF
Area
Dakota County, MN
Vacancy
3.90%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,245,700
Cap Rate 7%
$3,746,929
Cap Rate 9%
$2,914,278
Alternative Uses
Best Use
Specialty Retail
$3.75M
$3.28M – $4.37M
NOI $262,285 @ 7.0% cap · market cap 4.96%
Second Best
Office B
$3.58M
$3.13M – $4.18M
NOI $250,779 @ 7.0% cap · market cap 4.74%
Theoretical Best
Healthcare Medical
$4.98M
$4.35M – $5.80M
NOI $348,258 @ 7.0% cap · market cap 6.58%
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
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
977
Businesses Nearby
Explore this area
Business Placement
Demographics for 55337, MN
47,333
Population
19,695
Households
2.4
Avg Household Size
37
Median Age
39%
College-Educated
93%
High-School Grad
18.7 sq mi
ZIP Area
2,531
Density / Sq Mi
$81,641
Median Household Income
$46,602
Median Earnings
$1,463
Median Rent
$327,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Four occupied tenant spaces include a bank with customer drive-through service.
Where is this office building located?
The property is located at 550 W Burnsville Parkway Burnsville, MN.
What is the asking price?
The asking price for this property is $5,290,000.
What are key features of this property?
This property features: 20,217‑square‑foot, two‑story office building completed in 2007; Four tenants, including Old National Bank as the banking anchor; Ground‑floor bank space includes a customer drive‑through
