14551 Judicial Rd Burnsville, MN 55306
- Office buildings
- 18,880 SF
- 2.23 lot acres
Current Use by Public Records
- Gary Blount / Physician
- Shamrock Productions Inc / Construction Company / General Contractor
- Katherine Vandenplas / Physician
- Angela Goens / Physician
- Lora Rodriguez / Marriage Or Relationship Counselor
Property Details for 14551 Judicial Rd
- Year built
- 1999
- Construction
- WOOD FRAME
- Lot size
- 2.23 lot acres
- Property size
- 18,880 SF
- Property type
- Office buildings
- APN
- 02-47200-01-010
- APU
- 24720001010
Description
This exceptional 18,880-square-foot medical office building in Burnsville, Minnesota, presents a compelling investment opportunity. Built in 1999, this single-story property boasts high-end finishes and a desirable location at the intersection of Judicial Road and Southcross Drive West. The building features ample parking, proximity to numerous retail and dining establishments, and strong demographics. The current owner is open to leasing back approximately 5,000 square feet, offering potential for immediate income generation. All furniture is negotiable. The property includes a well-appointed interior and is ideally suited for a variety of uses, including medical practices, technology companies, or showrooms. The assessed parcel identification number (APN) is 02-47200-01-010, and the 2024 real estate taxes are estimated at $46,838. The asking price is $2,649,000. A video tour is available online. This is a turnkey opportunity in a thriving location.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,165,000
- 6.5%
- $3,845,000
- 7%
- $3,570,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,739,000
- AI Estimate
- $2,271,000
Market price range: $1.94M - $4.31MMarket price range: $1.51M - $3.04M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,890,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $3,745,000 Change: +30% Conversion: Difficult
- RESTAURANT
- $3,665,000 Change: +27% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $3,225,000 Change: +12% Conversion: Difficult
- WAREHOUSE, STORAGE
- $2,875,000 Change: -0% Conversion: Difficult
- RETAIL STORES
- $2,690,000 Change: -7% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Burnsville
- County
- Dakota
- State
- Minnesota
- Longitude
- -93.3071
- Latitude
- 44.7396
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA