4205 Lancaster Ln N, Plymouth, MN 55441
For Lease
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This exceptional 20,412 square foot multi-use office building, situated on a 2.33-acre lot at 4205 Lancaster Lane N in Plymouth, Minnesota, presents a compelling investment opportunity. Currently housing 5-7 tenants with leases ranging from 20 to 40 months, the property offers immediate cash flow and long-term stability. A significant portion of the building, approximately 6,000 square feet, is ideally suited for a counseling and therapy center, featuring multiple private offices and training rooms already in place. This contiguous space presents a unique opportunity for an owner-occupant seeking to establish or expand their practice. The ample parking available caters to both tenants and clients, enhancing the property's appeal and functionality. The building's multi-use nature allows for flexibility and potential for future development, making it an attractive prospect for investors seeking a diversified portfolio or developers envisioning future expansion or repurposing. The asking price for this prime commercial property is $2,600,000. This presents a rare chance to acquire a well-maintained, income-producing asset in a desirable Plymouth location. The existing tenant base provides a solid foundation for continued success, while the adaptable space allows for future growth and diversification.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.