Property summary
This exceptional investment opportunity presents a two-story, 6,120-square-foot Class B office condo building situated on a 4.73-acre lot in Mendota Heights, Minnesota. Built in 2010, the property boasts a 100% occupancy rate, generating a strong return on investment. The building features a multi-tenant configuration, ideal for diverse income streams. The asking price is $475,000, translating to $77.50 per square foot. Conveniently located at 2255-2263 Waters Drive, 55120, this property offers easy access to I-494 and Highway 6, ensuring excellent accessibility for tenants and clients. The property benefits from on-building signage and direct entry for each unit. The zoning is designated as "I," and the building includes garden-level walk-out spaces. This well-maintained property presents a rare opportunity to acquire a fully occupied, high-performing office complex in a desirable location. The property consists of one building with two stories.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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