Property profile

12940 Harriet S Ave Burnsville, MN 55337

OFF-MARKET
Office buildings
Property ID
US46-1035335
26,119 SF 1.6 ac lot Built 1979
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Located in the heart of the city, the Skyline Professional Building offers 24,757 square feet of Class B medical office space in a single, two-story building constructed in 1979. This exceptionally clean, locally owned and managed property boasts recently renovated common areas, restrooms, and landscaping. The building sits on 1.6 acres of land and provides ample parking with 107 spaces. Five suites are currently available, ranging from a minimum of 263 square feet to a maximum of 2,331 contiguous square feet. Two suites include convenient kitchenettes. The property is ideally situated within walking distance of banks, restaurants, coffee shops, and a convenience store, offering excellent walkability and numerous amenities. Its strategic location provides easy access to major transportation routes, being just 13 minutes from the airport and Mall of America, and less than 20 minutes from both Minneapolis and St. Paul. The building also features a shared conference room and is conveniently located on a bus line. Property taxes are $1.57 per square foot. This is an exceptional opportunity for medical professionals seeking a well-maintained, conveniently located office space.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1979
Construction CONCRETE
Total area 26,119 SF
Lot 1.6 ac (69,696 SF)
Zoning code R
APN 02-01300-23-013
UPID US46-1035335

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Alternative Medicine Practice
  • Alternative Medicine Practice
  • Physician

Location

12940 Harriet S Ave Burnsville, MN 55337-2680
Burnsville metro Census 60711 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.09M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.20M
Blend (final) Blend
$2.16M

Owner & transaction history

since 2025
Last sale
$2.5M
7 recorded transactions
2025
$2.5M
2024
Price N/A
2020
Price N/A
2016
Price N/A
2012
$1.0M
2011
$1.0M
2007
$500

Zoning & alternative use

R · Burnsville, MN
Top alternative use upside
Retail stores $3.7M +24.5%
Industrial (general) $3.0M +1.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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