Property profile

3550 Lexington N Ave Shoreview, MN 55126

OFF-MARKET
Office buildings
Property ID
US46-0521528
28,155 SF 2.19 ac lot Built 1979
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial office building, located at 3550 Lexington Avenue North in Shoreview, Minnesota, presents a lucrative investment opportunity. The property boasts a substantial 28,155 square feet of leasable space, currently 100% occupied by a diverse tenant mix with a blend of short-term and long-term leases, ensuring a consistent cash flow. Situated on a 2.19-acre lot, the building enjoys a highly visible location just off Lexington Avenue, providing excellent accessibility and exposure. Its strategic position offers close proximity to densely populated residential areas and a variety of retail amenities, further enhancing its appeal and tenant attraction. The property has undergone significant improvements within the past two years, including a freshly repaved private parking lot providing ample parking for tenants and visitors, a completely updated lobby area designed to impress, and a brand new elevator system ensuring efficient and modern access to all floors. This well-maintained building represents a rare opportunity to acquire a high-performing commercial asset in a thriving Shoreview location. The asking price is $2,500,000. This property is ideal for investors seeking a stable, high-cash-flow investment with significant upside potential. The combination of strong occupancy, recent capital improvements, and prime location makes this a truly compelling investment opportunity.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1979
Total area 28,155 SF
Lot 2.19 ac (95,396 SF)
Zoning code D
APN 35-30-23-22-0003
UPID US46-0521528

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
  • Urban Planning Department
  • Alternative Medicine Practice Acupuncture
  • Alternative Medicine Practice
  • Alternative Medicine Practice
  • Counselor Practitioner Service Location

Location

3550 Lexington N Ave Shoreview, MN 55126-8075
Shoreview metro Census 40704 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.29M
Blend (final) Blend
$2.19M

Owner & transaction history

since 2020
7 recorded transactions
2025
Price N/A
2020
$62,500
2020
$69,471
2019
$115,000
2018
$1.4M
2017
Price N/A
2017
Price N/A

Zoning & alternative use

D · Shoreview, MN
Top alternative use upside
Warehouse, storage $3.2M +5.2%

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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