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    Property profile & analytics

    4071 Sunset Dr Spring Park, MN 55384

    • Commercial real estate
    • 0.21 lot acres
    For Sale
    View listing
    $799,000
    Value Estimation
    Last Sale
    Jun 02, 2025
    $304,658
    Location Intelligence
    Property ID
    US46-0219871
    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

    • Lake Minnetonka Communications Commission / Television Station / Cable Company

    Property Details for 4071 Sunset Dr

    Year built
    1920
    Construction
    CONCRETE BLOCKS
    Lot size
    0.21 lot acres
    Property type
    Commercial real estate
    APN
    17-117-23-33-0082
    APU
    1711723330082

    Description

    This exceptional 5,737 square foot office building, situated on a 0.21-acre lot in Spring Park, Minnesota (55384), presents a unique investment opportunity. Built in 1920 and extensively renovated in 1999, the single-story structure boasts a partial second level and a partial basement (excluded from the 5,737 sq ft GBA). Currently configured as a single-tenant office, the property offers stunning views of Lake Minnetonka's West Arm, a convenient drive-in garage, and significant upside potential. The C-1 zoning allows for versatile use, including potential conversion of the upper level to residential or storage space. Its prime location on Sunset Drive and Northern Avenue, directly adjacent to the Dakota Regional Trail, provides excellent visibility and accessibility. Nearby amenities include Mound's downtown area, offering grocery stores, coffee shops, and the Post Office. The property's APN is 17-117-23-33-0082. This is an ideal owner-user opportunity in a highly desirable location. The asking price is $799,000, translating to $139.27 per square foot.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $280,000

    • CAP approach

      CAP return
      Estimation
      6%
      $365,000
      6.5%
      $335,000
      7%
      $310,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $310,000
      Geo Method
      $285,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $320,000
      Retail
      $310,000
      Mixed-Use
      $360,000
      Hospitality
      $370,000
      Educational
      $335,000
      Residential Income
      $350,000
      Energy
      $335,000
      Income-Based Land
      $315,000
      Food Service
      $285,000

    Location Insight

    • Map
    • Local Demand
    City
    Spring Park
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.625
    Latitude
    44.9365
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      15.48 Acres

      Spring

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      0.54 Acres

      4349 Warren Ave

      COMMERCIAL (GENERAL) • 0.54 Acres
      4349 Warren Ave, Spring Park, MN 55384-9711
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      0.96 Acres

      4100 Shoreline Dr Ste, Unit 4

      COMMERCIAL (GENERAL) • 0.96 Acres
      4100 Shoreline Dr Ste, Spring Park, MN 55384-4527
      View Details
    • Value Estimation
      $650,000
      0.18 Acres

      4000 Shoreline Dr, Unit G9

      COMMERCIAL (GENERAL) • 0.18 Acres
      4000 Shoreline Dr, Spring Park, MN 55384-9656
      View Details
    • Value Estimation
      $675,000
      0.18 Acres

      4000 Shoreline Dr, Unit G8

      COMMERCIAL (GENERAL) • 0.18 Acres
      4000 Shoreline Dr, Spring Park, MN 55384-9656
      View Details
    • Value Estimation
      $220,000
      0.12 Acres

      3800 Budd Ln

      COMMERCIAL (GENERAL) • 0.12 Acres
      3800 Budd Ln, Spring Park, MN 55384
      View Details

    Similar Nearby for Sale

    • $799,000
      5,737 SF

      Lake Minnetonka Office Property

      Single-tenant office building near Lake Minnetonka, ideal for owner/user.
      4071 Sunset Dr, Spring Park, MN 55384
      View Details
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      Commercial Property in Lakeside Community

      Highly visible commercial property in Spring Park, Minnesota.
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      Lake Minnetonka Condo with Views

      Top-floor condo with lake views, high-end finishes, and great amenities.
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    Similar Nearby for Lease

    • $12 SF/Yr
      3,689 SF

      Office Warehouse Suite For Lease

      3,689 SF office warehouse suite available for lease.
      4142-4166 Shoreline Dr, Spring Park, MN 55384
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    4071 Sunset Dr
    Spring Park, MN 55384
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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