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Plymouth Class-A Office Building

9655 Schmidt Lake Rd, Plymouth, MN

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For Sale

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Class-A office building in a high-visibility Plymouth location.

Type:OFFICE

Property size:

15,127 SF

Lot size:

1.87 Acres

Price / SF:

$197/SF

HighLights

Class‑A office finishes with professional layout and sophisticated design.
Prime location off Highway 169 and Schmidt Lake Road with high visibility.
Outstanding suburban location in a busy area of Plymouth.
15,127 square feet of office space.
Competitively sought‑after building.
Convenient access to County Road 30, I‑94, and Highway 610.

We can help!

Listing Contact

Chris Garcia

For Sale

Contact for pricing

Class-A office building in a high-visibility Plymouth location.

Type:OFFICE

Property size:

15,127 SF

Lot size:

1.87 Acres

Price / SF:

$197/SF

Added:: Sep 24, 2024
Days on Market:: 629
Last Refresh:: May 20 at 8:25 pm

Property Features for 9655 Schmidt Lake Rd

General Information

Standard status: Active
Size: 15,127 SF
Lot size: 1.87 Acres
Property subtype: OFFICE

Properties For Sale

at 9655 Schmidt Lake Rd Contact us

We can help!

Listing Contact

Chris Garcia

Listing agent Chris Garcia License #20454404

Listing office JLL

Listing date Sep 24, 2024

Source Moodyscre

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 JLL

HighLights

Class‑A office finishes with professional layout and sophisticated design.
Prime location off Highway 169 and Schmidt Lake Road with high visibility.
Outstanding suburban location in a busy area of Plymouth.
15,127 square feet of office space.
Competitively sought‑after building.
Convenient access to County Road 30, I‑94, and Highway 610.

Overview

The property at 9655 Schmidt Lake Road, originally built in 2006, features 15,127 square feet of Class-A office space. The building offers a professional layout and sophisticated design. Situated just off Highway 169 and Schmidt Lake Road in Plymouth, Minnesota, the building benefits from high visibility due to commuter and neighborhood traffic in the western Twin Cities. Its suburban location in a busy area of Plymouth makes it a sought-after building. A planned 4-lane roadway connection between County Road 30 and I-94, including a connection across I-94 to Highway 610, and ramps to I-94 Eastbound and from I-94 Westbound to the 610 extension, is underway.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$332.2k	$21.96
− Vacancy	−$92.7k	−$6.13
EGI	$239.5k	$15.83
− OpEx	−$59.9k	−$3.96
NOI	$179.6k	$11.87

15,127 SF · lease $21.96/SF/yr · vacancy 27.90% · expense 25.00%

Alternative Uses

Best Use

Office B

$2.57M

$2.25M – $2.99M (±1% cap)

NOI $179,631 @ 7.0% cap · market cap 6.00%

Second Best

—

no second resolved use

Theoretical Best

Office A

$3.61M

$3.16M – $4.21M (±1% cap)

NOI $252,629 @ 7.0% cap · market cap 8.44%

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

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Location Insight

Map
Local Demand

City: Plymouth
County: Hennepin
State: Minnesota
Longitude: -93.4022
Latitude: 45.0429

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For sale
Office buildings
MN
Plymouth
9655 Schmidt Lake Rd

What type of property is this?

Office building - Class-A office building in a high-visibility Plymouth location.

Where is this office building located?

The property is located at 9655 Schmidt Lake Rd Plymouth, MN.

What is the asking price?

The asking price for this property is $2,995,000.

What are key features of this property?

This property features: Class‑A office finishes with professional layout and sophisticated design.; Prime location off Highway 169 and Schmidt Lake Road with high visibility.; Outstanding suburban location in a busy area of Plymouth.

9655 Schmidt Lake Rd, Plymouth, MN

Class-A office building in a high-visibility Plymouth location.

Property Features for 9655 Schmidt Lake Rd

General Information

Properties For Sale

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Highway Commercial Property in Plymouth

Established Grocery Store Business Opportunity

Plymouth Industrial Flex Space Available

Office Space in Plymouth, MN

Carlson Center Shoppes For Sale

Plymouth Flex Space For Sale

Plymouth Warehouse with Outdoor Storage

Retail Center at Busy Intersection

Industrial Building with Outdoor Storage

Plymouth Manufacturing/Industrial Property for Sale

Plymouth Commercial Property for Sale

Plymouth Manufacturing Facility For Sale

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