3550 Lexington N Ave Shoreview, MN 55126-8075

Property Details for 3550 Lexington N Ave

Year built

1979

Lot size

2.19 lot acres

Property size

28,155 SF

Zone code

D

Property type

Office buildings

APN

35-30-23-22-0003

APU

353023220003

Description

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.

Location Insight

City

Shoreview

County

Ramsey

State

Minnesota

Longitude

-93.1458

Latitude

45.0487

CBSA code

33460

CBSA name

MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments