Property profile

2214 5th St Ste 1 White Bear Lake, MN 55110

OFF-MARKET
Office Spaces
Property ID
US46-0610275
1,088 SF 0.02 ac lot Built 1984
Individually Owned 13-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 7,651 square foot medical office space, located at 2214 5th St in White Bear Lake, Minnesota, presents a unique investment opportunity. Situated in Ramsey County, this single-tenant property, built in 1984, offers a prime location near Banning Avenue. The building boasts excellent visibility and is conveniently located within walking distance of a variety of retail, dining, and entertainment options, ensuring high foot traffic and accessibility for patients and clients. The property's previous use as a medical office makes it ideally suited for a range of healthcare practices, including general practice, specialty medical services, counseling clinics, autism clinics, or similar businesses seeking a professional and established environment. The property consists of one building and comprises a total of 7,651 square feet of usable space. Its location in the 55110 zip code of White Bear Lake provides easy access to major transportation routes, further enhancing its appeal to both businesses and their clientele. This property offers a rare chance to acquire a well-positioned, established medical office space in a thriving community. The building's solid construction and convenient location make it an attractive option for businesses seeking a turnkey solution. The property is ready for immediate occupancy and presents a compelling opportunity for growth and success.

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1984
Construction WOOD FRAME
Total area 1,088 SF
Lot 0.02 ac (1,045 SF)
Zoning code D
APN 14-30-22-41-0141
UPID US46-0610275

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
  • Law Firm Child Welfare Organization
  • Medical Clinic Alternative Medicine Practice
  • Physician
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store Clothing & Fashion Store

Location

2214 5th St Ste, Unit 1 White Bear Lake, MN 55110-3039
White Bear Lake metro Census 40200 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$220k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$220k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

D · White Bear Lake, 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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