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    4113 Lake St Minneapolis, MN 55406

    Sponsored
    For Sale
    $2,350,000

    Fully Leased, 12,968 SF, High Occupancy

    Property size:
    12,968 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fully leased Class B executive office building located at 4113-4123 E Lake St, Minneapolis, MN 55406, in Hennepin County. The property boasts a substantial 12,968 square feet of space, currently enjoying 100% occupancy. The building is offered at an asking price of $2,350,000. The lease structure is a gross lease, simplifying management and providing a consistent income stream for the owner. The single tenancy further streamlines operations and minimizes tenant management complexities. This property is ideal for investors seeking a stable, high-occupancy asset in a desirable Minneapolis location. The address is conveniently situated at 4113-4123 E Lake St, providing excellent access to local amenities and transportation networks. The building's classification as a Class B office space reflects its solid construction and functional design, suitable for a variety of executive office uses. The property's strong occupancy rate underscores its appeal and potential for long-term value appreciation. This is a rare opportunity to acquire a fully leased, high-performing commercial property in a thriving Minneapolis market. The property's location in Hennepin County offers further advantages in terms of access to resources and a strong local economy. This turnkey investment requires minimal effort to manage and offers immediate cash flow.

    Property Features for 4113 Lake St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    12,968 SF
    Class
    B

    HighLights

    • $2,350,000 asking price.
    • 12,968 square foot Class B office building.
    • Located at 4113 E Lake St, Minneapolis, MN 55406.
    • 100% occupied with a single tenant.
    • Gross lease.
    • Executive office space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.2099255
    Latitude
    44.948228

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    FAQs

    What type of property is this?
    Office Property / Space - Fully Leased, 12,968 SF, High Occupancy
    Where is this office property / space located?
    The property is located at 4113 Lake St Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $2,350,000.
    What are key features of this property?
    This property features: $2,350,000 asking price.; 12,968 square foot Class B office building.; Located at 4113 E Lake St, Minneapolis, MN 55406.
    Request Owner's contact information
    4113 Lake St Minneapolis, MN 55406
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    Realmo Value Estimation

    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.

    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.

    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
    4113 Lake St Minneapolis, MN 55406
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