Property summary
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
VerifiedCap rate & NOI
Current use
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Law Firm Child Welfare Organization
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Medical Clinic Alternative Medicine Practice
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Physician
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(Bike/Boat/Book/etc) Store
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(Bike/Boat/Book/etc) Store Clothing & Fashion Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
D · White Bear Lake, MNZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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