You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $5,370,000
Office buildings

3490 Lexington N Ave Shoreview, MN 55126-8074

59,327 SF 6.2 ac lot Built 1982
Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US46-0657747
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1982
Total area 59,327 SF
Lot 6.2 ac (269,898 SF)
Zoning code B
APN 35-30-23-22-0008
UPID US46-0657747
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.79M
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.61M
Blend (final) Blend
$5.37M
Owner & transaction history
Independent School District No 621 · 1 yrs held
Independent School District No 621
since 2025
Last sale
$5.8M
7 recorded transactions
2025
$5.8M
2024
Price N/A
2024
Price N/A
2024
Price N/A
2023
Price N/A
2023
Price N/A
1969
Price N/A
Zoning & alternative use
B · Shoreview, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $8.7M +34.6%
Warehouse, storage $6.8M +5.2%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3490 Lexington N Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message