501 Nicollet Blvd Burnsville, MN 55337-6732
- Office Properties & Spaces
- 36,798 SF
- 3.89 lot acres
Current Use by Public Records
- Jody Bloom / Physical Therapist
- Dr. Daniel Carballo / Pediatrician / Practitioner Service Location
- Dr. Melissa A. Hersey, MD / Doctor
- Dr. Megan Iliev / Pediatrician / Practitioner Service Location
- Sarah Lehnert, MD / Orthopedic Surgeon
Property Details for 501 Nicollet Blvd
- Year built
- 2005
- Construction
- CONCRETE
- Lot size
- 3.89 lot acres
- Property size
- 36,798 SF
- Property type
- Office Properties & Spaces
- APN
- 02-64007-01-010
- APU
- 26400701010
Description
This exceptional 2,943 square foot medical office space in Burnsville, Minnesota, presents a unique single-tenant opportunity within the Ridges Pondview Medical Building. The space is fully built-out for clinical use, offering immediate occupancy for a variety of medical practices. Conveniently located, the building boasts shared amenities including a conference room and vending machines, enhancing both staff and patient comfort. This desirable location benefits from strong medical anchors, including Southdale Pediatrics, DaVita Dialysis Clinic, and the Minneapolis Clinic of Neurology, ensuring high visibility and a thriving medical community. The surrounding area offers abundant amenities, including the Burnsville Center, a wide selection of fast food and restaurants, lodging options, and various retail establishments, providing convenience for both patients and staff. The property is situated in Dakota County, offering easy access to major transportation routes and a strong local economy. This turnkey medical office space is ideal for practices seeking a well-established, convenient, and amenity-rich location to serve their patients. The single-tenant occupancy provides privacy and control, making it an attractive option for expanding or relocating medical businesses. Contact us today to schedule a showing and explore the possibilities of establishing your practice in this exceptional location.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $8,115,000
- 6.5%
- $7,490,000
- 7%
- $6,955,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,053,000
- AI Estimate
- $4,465,000
Market price range: $3.10M - $6.05MMarket price range: $1.07M - $4.47M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $4,210,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $7,295,000 Change: +73% Conversion: Difficult
- RESTAURANT
- $7,140,000 Change: +69% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $6,280,000 Change: +49% Conversion: Difficult
- WAREHOUSE, STORAGE
- $5,605,000 Change: +33% Conversion: Difficult
- RETAIL STORES
- $5,245,000 Change: +25% Conversion: Moderate
- INDUSTRIAL (GENERAL)
- $4,260,000 Change: +1% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Burnsville
- County
- Dakota
- State
- Minnesota
- Longitude
- -93.2692
- Latitude
- 44.7505
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
