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Property summary
This exceptional 20,462-square-foot free-standing office building is situated on approximately 4.108 acres in Lake Elmo, Minnesota, and offers a compelling investment opportunity. Built in 2007, the single-story structure boasts a highly visible location with excellent signage opportunities off Interstate 94, ensuring strong brand recognition. The property features 18 rooftop HVAC units (RTUs) and ample parking with an approximate 7/1000 parking ratio, providing approximately 150 stalls. … Convenient access to I-94 is available via multiple exits, and the building's proximity to hotels and restaurants adds to its appeal. The asking price is $3,130,686, translating to $153 per square foot. Property taxes for 2024 are $89,732, or $4.39 per square foot. The property's Parcel ID is 33-029-21-43-0008. Previously occupied by Rasmussen University, this move-in ready space presents a fantastic opportunity for a variety of businesses. Building and monument signage are available.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
2 recorded sales · 10 properties nearbyComparable nearby
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 20,266 SF
- Lot area
- 4.11 ac
- Year built
- 2006
- APN
- 33-029-21-43-0008
- Assessed value · 2022
- $3,562,100
- Annual tax · 2023
- $99,954
- Commercial (general)
- Retail Stores
- Office Building · current use
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
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.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- NOI Potential
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- Alternative use
- Local Zoning Insight
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- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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