Stabilized Multi-Tenant Office
For Sale
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7373 147th Street West, Apple Valley, MN 55124
Multi-tenant office building with 31 suites and 114 surface parking spaces, currently 88.4% occupied.
Property Size25,980 SF
Lot Size2.06 Acres
Days on Market78
Property Features for 7373 147th Street West
General Information
Standard status
Active
Size
25,980 SF
Class
B
Total Parking Spaces
114
Lot size
2.06 Acres
Property subtype
Office
Zoning
PD-290 Planned Unit Development
Occupancy
88%
Lease Type
Net
Investment Type
Stabilized
Net Operating Income
$252,775
Additional Details
Highway Access
Yes
Office Units
31
Building Details
Year Built
1979
Year Renovated
2020
Buildings
1
Tenancy
Multi
Listing Agency:
Suntide Commercial Realty
Listed By:
Andy Manthei · License #20366237
(651) 603-0321
Source:
Crexi
Added: Jun 30
Changed: Sep 9
Last Checked: Sep 14 at 7:00AM
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 Suntide Commercial Realty
Investment Insights
Based on property information with market context.
This stabilized, multi-tenant office investment totals 25,188 rentable square feet and features 31 individual office suites. The property is currently 88.4% occupied, generating in-place cash flow, with additional leasing opportunity through the remaining available suites.
The building is situated on 2.06 acres with 114 surface parking spaces. It includes monument signage along 147th Street and is described as being one block east of Cedar Avenue (Highway 77) and 147th Street, placing it in downtown Apple Valley with convenient access to major transportation corridors.
The property is professionally managed and underwent substantial capital improvements in 2020, including a complete renovation of the exterior and interior common areas. Lease terms across the tenant base range from six months to more than seven years, providing a diversified mix of near-term stability and longer-term duration.
The building is situated on 2.06 acres with 114 surface parking spaces. It includes monument signage along 147th Street and is described as being one block east of Cedar Avenue (Highway 77) and 147th Street, placing it in downtown Apple Valley with convenient access to major transportation corridors.
The property is professionally managed and underwent substantial capital improvements in 2020, including a complete renovation of the exterior and interior common areas. Lease terms across the tenant base range from six months to more than seven years, providing a diversified mix of near-term stability and longer-term duration.
Key Highlights
- Stabilized multi‑tenant office investment with 25,188 rentable SF across 31 office suites
- Currently 88.4% occupied, generating stable in‑place cash flow with lease‑up potential on remaining suites
- 2.06‑acre site with 114 surface parking spaces for tenant and visitor parking
Property Analytics
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Current Use
Lease Details
31
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,978
Businesses Nearby
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Business Placement
Demographics for 55124, MN
56,353
Population
21,894
Households
2.6
Avg Household Size
39
Median Age
46%
College-Educated
96%
High-School Grad
16.9 sq mi
ZIP Area
3,334
Density / Sq Mi
$99,354
Median Household Income
$54,786
Median Earnings
$1,676
Median Rent
$354,200
Median Home Value
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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 - Multi-tenant office building with 31 suites and 114 surface parking spaces, currently 88.4% occupied.
Where is this office building located?
The property is located at 7373 147th Street West Apple Valley, MN.
What are key features of this property?
This property features: Stabilized multi‑tenant office investment with 25,188 rentable SF across 31 office suites; Currently 88.4% occupied, generating stable in‑place cash flow with lease‑up potential on remaining suites; 2.06‑acre site with 114 surface parking spaces for tenant and visitor parking
