Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mendota Heights Office Space Available Title is generated by Realmo AI

    720 Main St, Mendota Heights, MN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Second level office space for rent in Mendota Heights.

    Type:OFFICE
    Property size:
    1,915 SF
    Lot size:
    0.91 Acres
    Added:
    Mar 22, 2023
    Days on Market:
    1157
    Last Refresh:
    Apr 5 at 8:09 pm

    Property Features for 720 Main St

    General Information

    Standard status
    Active
    Size
    1,915 SF
    Lot size
    0.91 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 720 Main St Contact us

    We can help!

    Listing Contact
    Jesseka B Doherty

    Listing agent Jesseka B Doherty

    Listing office Mid-America Real Estate-Minnesota LLC

    Listing date Mar 22, 2023

    Source Moodyscre

    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 Mid-America Real Estate-Minnesota LLC

    HighLights

    • Located in the affluent suburb of Mendota Heights at a high‑traffic intersection (Hwy 62 and Dodd Road).
    • Unique, mixed‑use development with retail, medical, office, and residential components.
    • Features a dynamic mix of national and local tenants.
    • Offers strategically placed surface level and underground parking.
    • Includes Market Square Plaza park for public use.
    • Recipient of several design and architectural awards.

    Overview

    Located in Mendota Heights, at the intersection of Hwy 62 and Dodd Road, this second-level office space is available for rent and divisible. The Village at Mendota Heights is a mixed-use development comprising four buildings designed to be pedestrian-friendly. This development serves as a central hub for the Mendota Heights and Sunfish Lake communities. The mixed-use development includes 88,766 square feet of retail, medical, and office space. The site has received design and architectural awards and features surface-level and underground parking. The tenant mix includes both national and local businesses. The development also includes Market Square Plaza park. Single-story retail buildings face Highway 62, while two-story buildings around the Market Square have retail on the street level with office space above. The housing component consists of 36 loft-style condos, 39 row homes, and 60 senior apartments. The Village at Mendota Heights integrates living, shopping, and working.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Dental Office Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mendota Heights
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.1206
    Latitude
    44.8848

    Nearby Similar for Lease

    • $14 SF/Yr
      2,749 SF

      Mendota Heights Office Space Available

      Office space for rent in established business park environment.
      1210 Northland Dr, Mendota Heights, MN
      View Details
    • $15 SF/Yr
      10,819 SF

      Mendota Heights Office Space Sublease

      Sublease opportunity with flexible terms through February 2026.
      1295 Northland Dr, Mendota Heights, MN
      View Details
    • Contact for pricing

      Mixed-Use Development in Mendota Heights

      Mixed-use development serving Mendota Heights and Sunfish Lake communities.
      720-750 Main Street | Mendota Heights, MN 55118
      View Details
    • Contact for pricing
      1,869 SF

      Retail Center with Endcap Space

      Retail center with endcap and small shop space available.
      750-778 Hwy 110, Mendota Heights, MN
      View Details
    • Contact for pricing
      38,845 SF

      Mendota Heights Office Space Available

      Office spaces available for rent in Mendota Heights, Minnesota.
      1285 & 1295 Northland Drive, Mendota Heights, MN 55120
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space for rent at 1250 Northland Drive.
      1250 Northland Drive, #160, Mendota Heights, MN 55120
      View Details
    • Contact for pricing

      Northland Drive Office Space Available

      Office space for rent at Northland Drive, Mendota Heights.
      1285 & 1295 Northland Drive, #II-300, Mendota Heights, MN 55120
      View Details
    • $14 SF/Yr
      11,192 SF

      Mendota Heights Office Space Available

      Office space for rent in established business park environment.
      1270 Northland Dr, Mendota Heights, MN
      View Details
    • Contact for pricing
      1,664 SF

      Mendota Heights Office Suite

      Office suite with conference room, kitchen, and private bathroom.
      2203-2313 Waters Dr, Mendota Heights, MN
      View Details
    • Contact for pricing
      12,280 SF

      Single Story Office Tech Building

      Single-story office building with park-like setting and ample parking.
      1120 Centre Pointe Dr, Mendota Heights, MN
      View Details
    • Contact for pricing
      47,228 SF

      Mendota Heights Warehouse/Distribution Opportunity

      Warehouse/distribution space with immediate highway access in Mendota Heights, MN.
      2444 Enterprise Dr, Mendota Heights, MN
      View Details
    • $14 SF/Yr
      10,419 SF

      Single Story Office Tech Building

      Single-story office building in park-like setting with ample parking.
      1140 Centre Pointe Dr, Mendota Heights, MN
      View Details

    FAQs

    What type of property is this?
    Office units - Second level office space for rent in Mendota Heights.
    Where is this office units located?
    The property is located at 720 Main St Mendota Heights, MN.
    What are key features of this property?
    This property features: Located in the affluent suburb of Mendota Heights at a high‑traffic intersection (Hwy 62 and Dodd Road).; Unique, mixed‑use development with retail, medical, office, and residential components.; Features a dynamic mix of national and local tenants.
    (952) 563-6693 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jesseka B Doherty
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    720 Main St, Mendota Heights, MN
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!