Small-Bay Office
For Sale
Contact for pricing
Pending
6213-6217 Lake St W, St Louis Park, MN 55416
Office units at 6213-6217 West Lake Street with direct street frontage and quick access to major highways.
Property Size3,140 SF
Days on Market153
Property Features for 6213-6217 Lake St W
General Information
Standard status
Pending
Size
3,140 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Kenwood Commercial
(952) 212-0757
Listed By:
Mike Doyle
(612) 242-8820
Source:
Moodyscre
Added: May 27
Changed: Oct 26
Last Checked: Oct 24 at 6:41PM
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 Kenwood Commercial
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Investment Insights
Based on property information with market context.
6213-6217 West Lake Street offers a small-bay office configuration for sale in St Louis Park. The property comprises office units totaling 3,140 square feet, and it is positioned for straightforward access from West Lake Street.
Public remarks note direct frontage on West Lake Street and quick access to MN-7, MN-100, MN-62, and I-394. The property is also described as being near the West End market cluster and the Methodist Hospital / Park Nicollet medical campus, with additional dining and retail amenities along Excelsior Boulevard. Downtown Minneapolis is estimated in the remarks to be roughly ten to fifteen minutes to the east.
For buyers seeking a compact office asset with direct street frontage and convenient regional connectivity, this property provides a simple, small-bay office footprint in an established inner-ring suburb.
Public remarks note direct frontage on West Lake Street and quick access to MN-7, MN-100, MN-62, and I-394. The property is also described as being near the West End market cluster and the Methodist Hospital / Park Nicollet medical campus, with additional dining and retail amenities along Excelsior Boulevard. Downtown Minneapolis is estimated in the remarks to be roughly ten to fifteen minutes to the east.
For buyers seeking a compact office asset with direct street frontage and convenient regional connectivity, this property provides a simple, small-bay office footprint in an established inner-ring suburb.
Key Highlights
- Office units at 6213‑6217 West Lake Street with direct street frontage on West Lake Street
- Quick access to MN‑7, MN‑100, MN‑62, and I‑394
- Located in Saint Louis Park’s West Lake Street area, near the West End market cluster
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,240
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$784,800
$784.8K
Cap Rate 7%
$560,571
$560.6K
Cap Rate 9%
$436,000
$436.0K
Market Conditions
NOI Build-Up for 3,140 SF
Gross rent
$65.6K $20.88/SF
− Vacancy
−$13.2K −$4.22/SF
EGI
$52.3K $16.66/SF
− OpEx
−$13.1K −$4.17/SF
NOI
$39.2K $12.50/SF
Area
Minneapolis, MN
Vacancy
20.20%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$784,800
Cap Rate 7%
$560,571
Cap Rate 9%
$436,000
Alternative Uses
Best Use
Office B
$560.6K
$490.5K – $654.0K
NOI $39,240 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$749.1K
$655.5K – $874.0K
NOI $52,440 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
830
Businesses Nearby
Explore this area
Business Placement
Demographics for 55416, MN
34,129
Population
19,197
Households
1.8
Avg Household Size
36
Median Age
73%
College-Educated
98%
High-School Grad
7.3 sq mi
ZIP Area
4,675
Density / Sq Mi
$105,926
Median Household Income
$70,993
Median Earnings
$1,701
Median Rent
$457,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Office units at 6213-6217 West Lake Street with direct street frontage and quick access to major highways.
Where is this office unit located?
The property is located at 6213-6217 Lake St W St 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: Office units at 6213‑6217 West Lake Street with direct street frontage on West Lake Street; Quick access to MN‑7, MN‑100, MN‑62, and I‑394; Located in Saint Louis Park’s West Lake Street area, near the West End market cluster
