4205 Lancaster LnPlymouth, MN 55441

Property Details for 4205 Lancaster Ln

Year built

1979

Construction

WOOD

Lot size

2.33 AC

Property type

Other commercial real estate

APN

13-118-22-13-0088

APU

1311822130088

Description

This exceptional 20,412 square foot multi-use office building, situated on a 2.33-acre lot at 4205 Lancaster Lane N in Plymouth, Minnesota, presents a compelling investment opportunity. Currently housing 5-7 tenants with leases ranging from 20 to 40 months, the property offers immediate cash flow and long-term stability. A significant portion of the building, approximately 6,000 square feet, is ideally suited for a counseling and therapy center, featuring multiple private offices and training rooms already in place. This contiguous space presents a unique opportunity for an owner-occupant seeking to establish or expand their practice. The ample parking available caters to both tenants and clients, enhancing the property's appeal and functionality. The building's multi-use nature allows for flexibility and potential for future development, making it an attractive prospect for investors seeking a diversified portfolio or developers envisioning future expansion or repurposing. The asking price for this prime commercial property is $2,600,000. This presents a rare chance to acquire a well-maintained, income-producing asset in a desirable Plymouth location. The existing tenant base provides a solid foundation for continued success, while the adaptable space allows for future growth and diversification.

• Alternative Use

  Use

  Valuation

  Residential

  $21,358,960

  Hospitality

  $19,564,692

  Educational

  $16,277,594

  Medical

  $16,837,406

  Retail

  $25,320,702

Location Insight

City

Plymouth

County

Hennepin

State

Minnesota

Latitude

45.0316

Longitude

-93.406

CBSA code

33460

CBSA name

MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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