Property profile

4661 Hwy 61st N White Bear Lake, MN 55110

OFF-MARKET
Banks
Property ID
US46-0890567
31,432 SF 1.84 ac lot Built 1990
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional office space, located in White Bear Lake at the intersection of Highway 61 and 2nd Street, offers a fantastic opportunity for businesses seeking a modern and efficient workspace. The suite is situated on the second floor of a well-maintained Class B building, constructed in 1990, and boasts a total of 32,000 square feet. Currently, 3,078 contiguous square feet are available for lease, with a minimum divisible space of 2,295 square feet. The space features abundant natural light, creating a bright and productive environment. The layout includes private offices, a dedicated conference room perfect for meetings and presentations, and a convenient kitchen/break room for employee use. The building offers ample parking with 82 spaces available for tenants and their clients. The property is a two-story building, providing a comfortable and accessible work environment. This move-in ready space is offered at a net rate of $16.00 per square foot. The location provides excellent visibility and accessibility, making it an ideal choice for businesses seeking a prominent presence in White Bear Lake. The property is located in Ramsey County. Don't miss this chance to secure this exceptional office space.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1990
Total area 31,432 SF
Lot 1.84 ac (80,150 SF)
Zoning code F
APN 14-30-22-43-0095
UPID US46-0890567

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4661 Hwy 61st N White Bear Lake, MN 55110-3467
White Bear Lake metro Census 40502 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$560k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.07M
Blend (final) Blend
$815k

Owner & transaction history

Zoning & alternative use

F · White Bear Lake, MN

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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