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    FOR SALE
    Commercial real estate

    2850 Cutters Grove Ave 106, Anoka, MN 55303

    15,420 SF 2.94 ac lot Built 2005
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US46-3227319
    2850 Cutters Grove Ave,Unit 106, Anoka, MN 55303 For Sale
    $1,080,000 15,420 SF
    2850 Cutters Grove Ave,Unit 106, Anoka, MN 55303
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    Property summary
    AI-generated overview

    This exceptional 1,149 square foot Class A executive office suite is the last remaining space in a prestigious two-story building at 2850 Cutters Grove Avenue. Boasting a prime location at the southwest corner of the newly constructed Highway 10/Cutters Grove/Thurston freeway interchange, this suite offers unparalleled visibility and convenient access. The suite features a private entrance, direct access, and nearly exclusive use of a section of the parking lot, providing exceptional convenience for clients and employees. The 15,525 square foot building, constructed in 2005, also houses a strong mix of established businesses including CorTrust Bank, Hearing Life, LGI Homes, Norris Lake Retirement Planning, Restoring Wellness, All Things Insurance, and Edward Jones, ensuring a thriving and professional environment. The building offers a total of 52 parking spaces and one elevator, serving nine total suites. The 2.94-acre lot (128,066 square feet) is zoned for business/commercial use. Minimum divisible space is 900 square feet, with a maximum contiguous space of 1,149 square feet. Don't miss this opportunity to secure the last available suite in this highly sought-after location. The building's prominent position along the main thoroughfare provides excellent street visibility and easy access to Highway 10, placing your business in the heart of a bustling commercial area near Kwik Trip, Culvers, McDonald's, and other established businesses.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 2005
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 15,420 SF
    Lot 2.94 ac (127,986 SF)
    APN 02-31-25-11-0037
    UPID US46-3227319
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • ACR Homes Nursing Home Retirement Community
    • Closed Construction Company
    • HearingLife of Anoka MN Physician
    • Green Amethyst Art Therapy Crisis Center Medical Clinic
    • ATM Atm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.18M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.50M
    Blend (final) Blend
    $1.08M
    Owner & transaction history
    Atp II LLC · 4 yrs held
    Atp II LLC
    since 2022
    Last sale
    $1.0M
    7 recorded transactions
    2022
    $1.0M
    2018
    $450,000
    2018
    2017
    2013
    $900,000
    2009
    $500
    2005
    $187,500
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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