Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8300 Pillsbury Ave Bloomington, MN 55420

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Multi-tenant industrial space available. Excellent location & access.

    Lot size:
    42,929 SF

    Property Features for 8300 Pillsbury Ave

    General Information

    Property type
    Distribution centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    42,929 SF
    Total Rate
    493683.5

    Spaces For Lease

    at 8300 Pillsbury Ave, Bloomington, MN 55420 Contact us
    Unit Suite 8324

    $138 /Mo

    Size
    7,259 SF
    Contact us
    Unit Suite 8310

    $138 /Mo

    Size
    3,764 SF
    Contact us

    We can help!

    Listing Contact
    Mike Brass
    Mike Brass

    Listing Agency: Titus Commercial Real Estate Listing Agent: Mike Brass

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    The Pillsbury Business Center, located at 8300 Pillsbury Ave S in Bloomington, Minnesota, 55420, offers a prime opportunity for businesses seeking flexible industrial space. This multi-tenant building boasts a total of 42,929 square feet, with two available units ranging from 3,764 to 7,259 square feet. The building features tilt-up construction, providing a durable and efficient structure. Clear heights range from 15 to 19 feet, offering ample vertical space for various industrial needs. Convenient loading options include both drive-in and dock-high loading capabilities. The property is equipped with a sprinkler system for enhanced safety. Ample parking is available with 88 stalls. The Pillsbury Business Center enjoys excellent access to major transportation arteries, including Interstates 35W and 494, ensuring efficient logistics and convenient commutes for employees and clients. This property is ideal for manufacturing, flex, or distribution businesses seeking a well-maintained and strategically located facility in the thriving Bloomington market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.2824628
    Latitude
    44.8531964

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Normandale Lake

      Discover many ways to work your way in Normandale Lake
      8400 Normandale Lake Blvd, Bloomington, MN 55437
      View Details
    • Contact for pricing

      MN, Bloomington - 4470 W 78th Street Cir

      Discover many ways to work your way in Downtown
      4470 78Th Street Cir, Bloomington, MN 55435
      View Details
    • Contact for pricing

      Full-Floor Office Sublease Available

      Sublease through 2031 with furniture, collaborative spaces, and private offices.
      8500 Normandale Lake Blvd, Bloomington, MN 55437
      View Details
    • Contact for pricing

      Office/Warehouse Space For Lease

      Office and warehouse space available near major highways and airport.
      7900 12Th Ave S, Bloomington, MN 55425
      View Details
    • Contact for pricing

      Office/Warehouse Space Near Highways

      Office and warehouse space for lease with highway access.
      7845 12Th Ave S, Bloomington, MN 55425
      View Details
    • $14 SF/Yr
      2,447 SF

      Remodeled Office Space Available

      Recently remodeled office space with high visibility and ample parking.
      1055 American Blvd E, Bloomington, MN 55420
      View Details
    • $15 SF/Yr
      2,872 SF

      Bloomington Office Space for Lease

      2,872 SF office space in Bloomington, MN available for lease.
      500 W 98Th St, Bloomington, MN 55420
      View Details
    • $21 SF/Yr
      1,945 SF

      Bloomington Office Space For Rent

      Office space for rent in a premier Bloomington location.
      7760 France Ave S, Bloomington, MN 55435
      View Details
    • $18 SF/Yr
      1,827 SF

      Office Space Near Transportation Hub

      Office space for rent near airport, mall, and downtowns.
      7900 International Dr, Bloomington, MN 55425
      View Details
    • $16 SF/Yr
      5,726 SF

      Renovated Office Space Available

      Newly renovated office space in Bloomington, Minnesota, with energy efficiency.
      1600 W 82Nd St, Bloomington, MN 55420
      View Details
    • $24 SF/Yr
      1,500 SF

      Bloomington Retail Space For Rent

      Retail space available for lease in Bloomington, Minnesota.
      8722 Lyndale Ave S, Bloomington, MN 55420
      View Details
    • Contact for pricing

      Bloomington Office Space For Lease

      Office space in prime Bloomington location near major highways.
      9801 Dupont Ave - Dupont Office Ctr, Bloomington, MN 55431
      View Details

    FAQs

    What type of property is this?
    Distribution center - Multi-tenant industrial space available. Excellent location & access.
    Where is this distribution center located?
    The property is located at 8300 Pillsbury Ave Bloomington, MN.
    What is the lease rate?
    The lease rate is $138 SF/Yr.
    (612) 750-4312 Call to check price and availability
    Request Owner's contact information
    8300 Pillsbury Ave Bloomington, MN 55420
    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.
    8300 Pillsbury Ave
    Bloomington, MN 55420
    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
    8300 Pillsbury Ave Bloomington, MN 55420
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mike Brass
    Mike Brass
    Real Estate License ID: 40630577
    (612) 750-4312
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!