Three-Story Office
7807 Creekridge Circle, Bloomington, MN 55439
For Sale
$5,600,000
Elevator-served offices share the property with underground parking, restaurant facilities, and golf simulators.
Property Size65,623 SF
Lot Size1.80 Acres
Price / SF$132.38
Days on Market19
Property Features for 7807 Creekridge Circle
General Information
Standard status
Size
Class
Total Parking Spaces
Elevators
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Additional Details
Asking Price
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Building Size
Tenancy
Listing Agency:
RE/MAX Results
Listed By:
Mark K Hulsey · License #40169559
(651) 755-2068
Source:
Getyoumoved
Added: Oct 22
Changed: Nov 8
Last Checked: Nov 8 at 6:03PM
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 RE/MAX Results
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The three-story office property contains 42,303 finished square feet of Class B space and 23,320 square feet of underground parking across two levels. An elevator serves the building, and the office areas include open layouts with natural light. Six additional offices were recently completed on the second floor. The roof was replaced 5 years ago, with an approximately 20-year warranty noted.
The 1.80-acre site fronts the I-494 corridor, which carries 140,296 vehicles per day. The building has 68 underground parking stalls and 96 surface stalls. Nearby surroundings include national retailers, hospitality businesses, and multifamily housing.
Current on-site amenities include 18 TrackMan golf simulators, two full-service bars, a commercial kitchen, restaurant space, and an outdoor patio. A leaseback option is described for the first floor and half of the second floor, with a proposed 3-5 year term subject to agreed terms. The existing tenant mix includes Office Golf, 2nd Swing Golf, Bethany Fellowship, and businesses in financial services, transportation, and construction.
The 1.80-acre site fronts the I-494 corridor, which carries 140,296 vehicles per day. The building has 68 underground parking stalls and 96 surface stalls. Nearby surroundings include national retailers, hospitality businesses, and multifamily housing.
Current on-site amenities include 18 TrackMan golf simulators, two full-service bars, a commercial kitchen, restaurant space, and an outdoor patio. A leaseback option is described for the first floor and half of the second floor, with a proposed 3-5 year term subject to agreed terms. The existing tenant mix includes Office Golf, 2nd Swing Golf, Bethany Fellowship, and businesses in financial services, transportation, and construction.
Key Highlights
- 42,303 finished SF of Class B office space and 23,320 SF of underground parking
- 1.80‑acre site with 68 underground and 96 surface parking stalls
- Three‑story building with elevator service and two underground parking levels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$502,343
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,046,860
$10.0M
Cap Rate 7%
$7,176,329
$7.2M
Cap Rate 9%
$5,581,589
$5.6M
Market Conditions
NOI Build-Up for 42,303 SF
Gross rent
$929.0K $21.96/SF
− Vacancy
−$259.2K −$6.13/SF
EGI
$669.8K $15.83/SF
− OpEx
−$167.4K −$3.96/SF
NOI
$502.3K $11.87/SF
Area
Hennepin County, MN
Vacancy
27.90%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,046,860
Cap Rate 7%
$7,176,329
Cap Rate 9%
$5,581,589
Alternative Uses
Best Use
Office B
$7.18M
$6.28M – $8.37M
NOI $502,343 @ 7.0% cap · market cap 8.97%
Second Best
Mixed Use
$6.69M
$5.85M – $7.80M
NOI $468,294 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$10.09M
$8.83M – $11.77M
NOI $706,483 @ 7.0% cap · market cap 12.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
Explore this area
Business Placement
Demographics for 55439, MN
9,309
Population
3,735
Households
2.5
Avg Household Size
45
Median Age
80%
College-Educated
99%
High-School Grad
4.7 sq mi
ZIP Area
1,981
Density / Sq Mi
$173,925
Median Household Income
$86,283
Median Earnings
$1,681
Median Rent
$640,300
Median Home Value
Market
Properties on Market for Office buildings in Hennepin County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Elevator-served offices share the property with underground parking, restaurant facilities, and golf simulators.
Where is this office building located?
The property is located at 7807 Creekridge Circle Bloomington, MN.
What is the asking price?
The asking price for this property is $5,600,000.
What are key features of this property?
This property features: 42,303 finished SF of Class B office space and 23,320 SF of underground parking; 1.80‑acre site with 68 underground and 96 surface parking stalls; Three‑story building with elevator service and two underground parking levels
