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Property profile & analytics

3490 Lexington N Ave Shoreview, MN 55126-8074

  • Office buildings
  • 59,327 SF
  • 6.20 lot acres
OFF-MARKET
Last Sale
Jun 10, 2025
$5,750,000
Value Estimations
$5,370,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US46-0657747
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Elaine Moore, MA / Medical Clinic
  • Kari Sherburne / Speech Pathologist
  • Marjorie Kulseth / Counselor
  • William G. Clafton, LP / Psychologist
  • Northeast Youth & Family Services / Youth Social Services Organization / Mental Health Clinic

Property Details for 3490 Lexington N Ave

Year built
1982
Lot size
6.20 lot acres
Property size
59,327 SF
Zone code
B
Property type
Office buildings
APN
35-30-23-22-0008
APU
353023220008

Description

This exceptional Shoreview, MN office property, located at 3490 Lexington Ave N, offers a prime opportunity for businesses seeking flexible and modern workspace. The building, constructed in 1982, boasts a total of 59,327 square feet, currently housing multiple tenants. A significant advantage is the availability of two immediately available office spaces, ranging from 879 to 3,173 square feet, providing options for businesses of various sizes. The building's traditional office design offers a classic and professional atmosphere, ideal for a range of industries. The property's convenient location in Shoreview, MN, zip code 55126, ensures easy access to major transportation routes and local amenities. With 3,173 square feet currently vacant, this presents a unique chance to secure a substantial space or expand existing operations within a well-established building. The multiple tenancy structure fosters a collaborative environment and provides a sense of community. This is an excellent opportunity to establish or expand your business in a thriving location with readily available office space. The property's size and layout offer considerable versatility, making it suitable for a wide array of business needs. Interested parties are encouraged to inquire about the available spaces and explore the possibilities this property offers.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $4,950,000
    ML approach
    $4,790,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $5,608,000
    Market price range: $4.83M - $9.99M
  • Alternative Use

    Use
    Estimation
    OFFICE BUILDING
    $6,495,000
    Current use
    MEDICAL BUILDING
    $8,740,000
    Change: +35% Conversion: Easy
    WAREHOUSE, STORAGE
    $6,835,000
    Change: +5% Conversion: Difficult
    RETAIL STORES
    $6,065,000
    Change: -7% Conversion: Moderate
    APARTMENT HOUSE (5+ UNITS)
    $5,455,000
    Change: -16% Conversion: Easy

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Shoreview
County
Ramsey
State
Minnesota
Longitude
-93.1455
Latitude
45.0473
CBSA code
33460
CBSA name
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$24,816
$1,749,100
$2,989,200
$4,738,300
-
$1,749,100
$2,989,200
$4,738,300
More about this property
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