Stand-Alone Office Building in Camden

800 N 42nd Ave / 4217 Aldrich Ave N, Minneapolis, MN 55412

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For Sale

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Centrally located office building with signage opportunity in Camden neighborhood.

Type:Office

Property size:

5,100 SF

Price / SF:

$231/SF

HighLights

Centrally located stand‑alone office building on a corner lot in Camden neighborhood.
Zoned CM2, allowing for add‑on or development.
13‑car parking lot as a separate parcel, plus three off‑street parking spaces.
Fantastic signage opportunity.
Close to major employers, highways, downtown, housing, and public transportation.
Ample windows providing radiant natural light.

We can help!

Listing Contact

Joshua Keller

Learn more

For Sale

Contact for pricing

Centrally located office building with signage opportunity in Camden neighborhood.

Type:Office

Property size:

5,100 SF

Price / SF:

$231/SF

Added:: Oct 11, 2024
Days on Market:: 608
Last Refresh:: May 12 at 11:40 pm

Property Features for 800 N 42nd Ave / 4217 Aldrich Ave N

General Information

Standard status: Active
Size: 5,100 SF
Property subtype: Office

Building Details

Year Built: 1937

We can help!

Listing Contact

Joshua Keller

Listing agent Joshua Keller License #MN 40050504

Listing office Gramercy Real Estate Group

Listing date Oct 11, 2024

Source Crexi

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 Gramercy Real Estate Group

HighLights

Centrally located stand‑alone office building on a corner lot in Camden neighborhood.
Zoned CM2, allowing for add‑on or development.
13‑car parking lot as a separate parcel, plus three off‑street parking spaces.
Fantastic signage opportunity.
Close to major employers, highways, downtown, housing, and public transportation.
Ample windows providing radiant natural light.

Overview

This stand-alone, two-story office building is centrally located at the top of a hill on a corner lot in the Camden neighborhood. The property, zoned CM2, offers a signage opportunity for an owner or tenant. It is situated close to major employers, highways, downtown, housing, and public transportation. Previously operating as an office building, it features 18 offices, four bathrooms, and kitchens on both floors. There are also four large meeting rooms. Parking includes three off-street spaces, plus a 13-car parking lot on a separate parcel. Ample windows provide natural light, creating a work environment. The property is currently set up for a single user. Zoned commercial with add-on, or development.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$106.5k	$20.88
− Vacancy	−$21.5k	−$4.22
EGI	$85.0k	$16.66
− OpEx	−$21.2k	−$4.17
NOI	$63.7k	$12.50

5,100 SF · lease $20.88/SF/yr · vacancy 20.20% · expense 25.00%

Alternative Uses

Best Use

Office B

$910.5K

$796.7K – $1.06M (±1% cap)

NOI $63,733 @ 7.0% cap · market cap 5.40%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.22M

$1.06M – $1.42M (±1% cap)

NOI $85,173 @ 7.0% cap · market cap 7.22%

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

Location Intelligence

Current Use by Public Records

H P 37 Construction Company

Suggested Use

Location Insight

Map
Local Demand

City: Minneapolis
County: Anoka
State: Minnesota
Longitude: -93.2902
Latitude: 44.986764

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For sale
Office buildings
MN
Minneapolis
55412
800 N 42nd Ave / 4217 Aldrich Ave N

What type of property is this?

Office building - Centrally located office building with signage opportunity in Camden neighborhood.

Where is this office building located?

The property is located at 800 N 42nd Ave / 4217 Aldrich Ave N Minneapolis, MN.

What is the asking price?

The asking price for this property is $1,180,000.

What are key features of this property?

This property features: Centrally located stand‑alone office building on a corner lot in Camden neighborhood.; Zoned CM2, allowing for add‑on or development.; 13‑car parking lot as a separate parcel, plus three off‑street parking spaces.