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    Property profile & analytics
    OFF-MARKET Estimated value $2,185,000
    Office buildings

    3550 Lexington N Ave, Shoreview, MN 55126-8075

    28,155 SF 2.19 ac lot Built 1979
    Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US46-0521528
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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
    Cash For Houses INC · 5 yrs held
    Cash For Houses INC
    since 2020
    7 recorded transactions
    2025
    2020
    $62,500
    2020
    $69,471
    2019
    $115,000
    2018
    $1.4M
    2017
    2017
    Zoning & alternative use
    D · Shoreview, MN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Warehouse, storage $3.2M +5.2%
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