Property profile

14577 Grand Ave Burnsville, MN 55306

FOR SALE
Office buildings
Property ID
US46-0814935
2,016 SF 0.02 ac lot Built 1986
Individually Owned 2-yr Hold ~ Est. High Equity
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For Sale
Contact for pricing 2,016 SF
14577 Grand Ave, Burnsville, MN 55306
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Property summary

AI-generated overview

This exceptional 2,016 square foot office space at 14577 Grand Avenue in Burnsville, Minnesota, presents a unique opportunity. Situated on a 0.02-acre lot, the property boasts ample parking, a significant advantage in a competitive market. The building's flexible layout is ideal for a single tenant or multiple occupants, offering considerable adaptability to diverse business needs. The interior features two bathrooms and multiple levels, providing both privacy and functional space. The asking price is $235,000. A significant benefit is the comprehensive association fee, which covers a wide range of essential services, including trash removal, lawn care, snow removal, property management, and exterior maintenance. This significantly reduces the ongoing operational costs for the tenant(s). The property's location in Burnsville offers excellent accessibility and visibility. All measurements should be independently verified. This is a rare opportunity to acquire a well-maintained, conveniently located office space with flexible terms and minimal ongoing maintenance responsibilities. Don't miss out on this exceptional offering.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1986
Construction WOOD
Total area 2,016 SF
Lot 0.02 ac (871 SF)
Zoning code R
APN 02-90420-00-060
UPID US46-0814935

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
  • Dental Office
  • Insurance Agency
  • Alternative Medicine Practice Spa & Massage Center
  • Consultant

Location

14577 Grand Ave Burnsville, MN 55306
Burnsville metro Census 60753 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$205k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2023
Last sale
$225,000
5 recorded transactions
2023
$247,500
2023
$225,000
2004
$500
2004
$370,000
1969
Price N/A

Zoning & alternative use

R · Burnsville, MN

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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