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    OFF-MARKET
    Office Spaces

    2255-2263 Waters Dr, Mendota Heights, MN 55120

    6,120 SF 4.73 ac lot Built 2010
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Office Spaces
    Year built 2010
    Total area 6,120 SF
    Lot 4.73 ac (206,039 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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