St. Louis Park Office
5501 Excelsior Blvd St Louis Park, MN
For Sale
Contact for pricing
Two-story office building with basement in St. Louis Park.
Property Size11,088 SF
Lot Size0.34 Acres
Price / SF$189.39
Days on Market464
Property Features for 5501 Excelsior Blvd
General Information
Standard status
Active
Size
11,088 SF
Lot size
0.34 Acres
Property subtype
OFFICE
Listing Agency:
Transwestern
(612) 359-1660
Listed By:
Michael Salmen
(612) 359-1660
Source:
Moodyscre
Added: Apr 22, 2025
Changed: Jul 6
Last Checked: Jul 21 at 8:50AM
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 Transwestern
Investment Insights
Based on property information with market context.
This two-story office building, constructed in 1956 and renovated in 2001, offers a total area of 11,088 square feet, including a basement. Each floor, including the lower level, provides 3,696 square feet of space. The property is situated on a 0.59-acre lot, which is equivalent to 25,446 square feet. Parking is available at a ratio of 4.06 spaces per 1,000 square feet, based on the above-grade square footage. The property is zoned C1 and RC and is located in St. Louis Park, MN.
Key Highlights
- Total building size of 11,088 SF across three levels.
- Substantial land area of 25,446 SF (.59 Acres).
- Ample parking with a ratio of 4.06/1,000 SF.
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 | $231.5k | $20.88 |
| − Vacancy | −$46.8k | −$4.22 |
| EGI | $184.8k | $16.66 |
| − OpEx | −$46.2k | −$4.17 |
| NOI | $138.6k | $12.50 |
11,088 SF · lease $20.88/SF/yr · vacancy 20.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.98M
$1.73M – $2.31M
NOI $138,563 @ 7.0% cap · market cap 6.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.65M
$2.31M – $3.09M
NOI $185,176 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with basement in St. Louis Park.
Where is this office building located?
The property is located at 5501 Excelsior Blvd St Louis Park, MN.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Total building size of 11,088 SF across three levels.; Substantial land area of 25,446 SF (.59 Acres).; Ample parking with a ratio of 4.06/1,000 SF.
