Property profile

4820 77th W St Edina, MN 55435

OFF-MARKET
Commercial real estate
Property ID
US46-0019855
18,884 SF 1.75 ac lot Built 1963
Entity Owned 15-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 18,300-square-foot office building in Edina, Minnesota, presents a unique investment opportunity. Situated at 4820 W 77th St, in Hennepin County, this single-story property boasts a convenient location near Highway 100 and West 77th Street. The building offers multiple tenancy options, with one currently available space measuring 290 square feet. The property has undergone recent updates, showcasing renovated common areas that include a comfortable break room, an inviting patio, and well-maintained landscaping. Its versatile design makes it suitable for a variety of businesses, including corporate offices, medical practices, and even destination retail. The building currently houses a diverse tenant mix, encompassing chiropractic, beauty, counseling, finance, and education businesses, demonstrating its adaptability and appeal to a broad range of industries. This prime Edina address offers excellent visibility and accessibility, making it an attractive option for businesses seeking a high-quality workspace in a thriving community. The property's location in the desirable Edina market provides strong potential for future growth and return on investment. This is a rare opportunity to acquire a well-maintained, updated office building in a highly sought-after location.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1963
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 18,884 SF
Lot 1.75 ac (76,230 SF)
Zoning code MDD-6
APN 31-028-24-33-0018
UPID US46-0019855

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Physician Medical Clinic
  • Gym & Fitness Center
  • Employment Agency
  • Physician Medical Clinic
  • Family Counselor

Location

4820 77th W St Edina, MN 55435-4815
Edina metro Census 24003 MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.87M

Owner & transaction history

since 2010
3 recorded transactions
2010
$933,000
2007
$869,000
2007
$2.1M

Zoning & alternative use

MDD-6 · Edina, MN
Zoning description

$1e

General category UNKNOWN

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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