Turnkey Office Suite with Private
For Sale
Contact for pricing
8053 E Bloomington Fwy, Bloomington, MN 55420
Turnkey office space offering private offices, reception, and a flexible work area with strong natural light.
Property Size1,367 SF
Price / SF$208.49
Days on Market295
Property Features for 8053 E Bloomington Fwy
General Information
Standard status
Active
Size
1,367 SF
Property subtype
OFFICE
Listing Agency:
Kenwood Commercial
(952) 212-0757
Listed By:
Mike Doyle
(612) 242-8820
Source:
Moodyscre
Added: Jan 8
Changed: Oct 25
Last Checked: Oct 30 at 2:13PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This turnkey office suite features a functional layout designed for professional use, including private offices, a reception area, and a flexible work area. The space is noted for strong natural light.
The property is located in Bloomington at the intersection of I-494 and Penn Ave South, within a commercial setting with nearby retail and hospitality and proximity to MSP International Airport.
For practical day-to-day operations, the suite’s mix of private offices and reception supports client-facing workflows while maintaining flexibility for additional work areas.
The property is located in Bloomington at the intersection of I-494 and Penn Ave South, within a commercial setting with nearby retail and hospitality and proximity to MSP International Airport.
For practical day-to-day operations, the suite’s mix of private offices and reception supports client-facing workflows while maintaining flexibility for additional work areas.
Key Highlights
- Turnkey professional office space with private offices, reception, and a flexible work area
- Efficient layout includes private offices, reception, and flexible work space
- Strong natural light throughout the professional space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,233
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$324,660
$324.7K
Cap Rate 7%
$231,900
$231.9K
Cap Rate 9%
$180,367
$180.4K
Market Conditions
NOI Build-Up for 1,367 SF
Gross rent
$30.0K $21.96/SF
− Vacancy
−$8.4K −$6.13/SF
EGI
$21.6K $15.83/SF
− OpEx
−$5.4K −$3.96/SF
NOI
$16.2K $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%
$324,660
Cap Rate 7%
$231,900
Cap Rate 9%
$180,367
Alternative Uses
Best Use
Office B
$231.9K
$202.9K – $270.6K
NOI $16,233 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$326.1K
$285.4K – $380.5K
NOI $22,830 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
875
Businesses Nearby
Explore this area
Business Placement
Demographics for 55420, MN
23,128
Population
9,638
Households
2.4
Avg Household Size
39
Median Age
31%
College-Educated
86%
High-School Grad
6.7 sq mi
ZIP Area
3,452
Density / Sq Mi
$77,539
Median Household Income
$42,441
Median Earnings
$1,277
Median Rent
$306,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Turnkey office space offering private offices, reception, and a flexible work area with strong natural light.
Where is this office unit located?
The property is located at 8053 E Bloomington Fwy Bloomington, MN.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Turnkey professional office space with private offices, reception, and a flexible work area; Efficient layout includes private offices, reception, and flexible work space; Strong natural light throughout the professional space
