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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    11141 Zealand N Ave, Champlin, MN 55316-3595

    0.08 ac lot Built 2003
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US46-0519623
    Property summary
    AI-generated overview

    This exceptional 1,536 square foot commercial office condo is situated in the desirable Champlin Business Park, conveniently located near Highway 169 in Champlin, Minnesota. Built in 2003, this single-story building offers a functional and well-maintained workspace. The interior features five private offices, perfect for a variety of business configurations, along with a spacious reception area to welcome clients. A convenient kitchen is included, complete with a microwave, dishwasher, range, and refrigerator. A tiled bathroom adds to the property's functionality. Recent upgrades significantly enhance the value and efficiency of this property. A new roof was installed in 2024, and fresh paint was applied the same year. Interior improvements include new carpeting (2021), a new AC unit (2020), and energy-efficient LED lighting (2021). A water line for a water dispenser was also added in 2021. Exterior maintenance is handled by a homeowner's association, with monthly dues of $399. The property sits on a 0.08-acre lot and is zoned for commercial/business use. This is a rare opportunity to acquire a well-maintained, updated office condo in a highly sought-after location. The asking price is $280,000.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 2003
    Construction WOOD
    Lot 0.08 ac (3,485 SF)
    APN 31-120-21-42-0080
    UPID US46-0519623
    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
    Current use
    Occupant on record · Public records
    • Christopher D. Emery, MSW Foster Care Service Social Service Agency
    • David Earl Johnson, MSW, LICSW Psychotherapist
    • Beacon Therapy Associates, PC Psychotherapist Family Counselor
    • Balanced Life Counseling Counselor
    • MN Relational Counseling Family Counselor Counselor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Zealand 1 LLC · 1 yrs held
    Zealand 1 LLC
    since 2024
    7 recorded transactions
    2024
    2024
    $280,000
    2011
    $150,000
    2011
    $150,000
    2005
    $157,000
    2005
    $294,192
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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