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    941 Hillwind Rd Fridley, MN 55432

    • Commercial real estate
    • 30,472 SF
    • 1.09 lot acres
    For Lease
    View listing
    $20 SF/Yr
    Value Estimation
    $115,000
    Last Sale
    Nov 23, 2022
    $100,000
    Location Intelligence
    Property ID
    US46-1871083
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 941 Hillwind Rd

    Year built
    1990
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.09 lot acres
    Property size
    30,472 SF
    Property type
    Commercial real estate
    APN
    24-30-24-32-0133
    APU
    243024320133

    Description

    This exceptional three-story office building, totaling 40,000 square feet, presents a unique opportunity for businesses seeking flexible and convenient workspace in Fridley, Minnesota. Built in 1987, the property offers multiple tenancy options, with spaces ranging from a minimum of 1,522 square feet to a maximum contiguous space of 10,387 square feet. Five spaces are currently available. The building's strategic location on a frontage road provides easy access to major transportation arteries, including I-694 and Highway 65, placing it within close proximity to the Medtronic World Headquarters. This convenient suburban location offers employees access to a variety of nearby amenities, including Target, Petco, Lifetime Fitness, restaurants, and hotels. The building features ample parking with 74 spaces total, including 16 climate-controlled indoor spaces. The first floor is above ground level, offering convenient access and enhanced security. The building's design allows for customization, making it suitable for a wide range of businesses and their specific needs. This is an ideal location for companies seeking a blend of accessibility, amenities, and adaptable workspace.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $115,000

    • CAP approach

      CAP return
      Estimation
      6%
      $145,000
      6.5%
      $145,000
      7%
      $130,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $140,000
      Geo Method
      $125,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $135,000
      Retail
      $115,000
      Mixed-Use
      $120,000
      Hospitality
      $120,000
      Educational
      $145,000
      Residential Income
      $140,000
      Energy
      $105,000
      Income-Based Land
      $140,000
      Food Service
      $140,000

    Location Insight

    • Map
    • Local Demand
    City
    Fridley
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.2465
    Latitude
    45.0697
    CBSA code
    33460
    CBSA name
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $98,119
    $430,000
    $2,722,300
    $3,152,300
    -
    $430,000
    $2,722,300
    $3,152,300

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      7807 Hwy 65th NE

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      8492 Hwy 65th NE

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      8492 Hwy 65th NE, Spring Lake Park, MN 55432-2167
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    • Value Estimation by Request
      13,020 SF

      8462 Ctr NE Dr

      COMMERCIAL (GENERAL) • 13,020 SF
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    Similar Nearby for Lease

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      Prime Office Space Near Medtronic

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      View Details
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    941 Hillwind Rd
    Fridley, MN 55432
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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
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