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    FOR LEASE
    Office Spaces

    5565 Blaine Ave E, Inver Grove Heights, MN 55076

    56,250 SF 5.99 ac lot Built 2006
    Entity Owned 11-yr Hold ~ Est. High Equity
    Property ID
    US46-0742156
    Property summary
    AI-generated overview

    This exceptional two-story Class B medical office building, located at 5565 Blaine Ave E, Inver Grove Heights, MN 55076, offers a fantastic opportunity for medical professionals seeking flexible and well-appointed space. Built in 2006, the building boasts a total of 44,490 square feet, with multiple tenancy options available. Currently, there are 3 spaces available, ranging from a minimum of 695 square feet to a maximum contiguous space of 2,314 square feet, totaling 3,933 square feet of vacant space. The property sits on a generous 5.99-acre lot and is zoned C, providing ample room for expansion or outdoor amenities. With 120 parking spaces, convenient access is ensured for both patients and staff. The building's Suburban St. Paul location offers excellent visibility and accessibility within a thriving medical community. The property's features include ample parking and a convenient location in a well-established area. This is an ideal opportunity to establish or expand your medical practice in a desirable and accessible location. The property's APN is 20-36575-01-010. Don't miss this chance to secure your ideal medical office space.

    Property profile
    Verified
    Property type Office Spaces
    Use group CONDOMINIUM OFFICES
    Year built 2006
    Construction STEEL FRAME
    Total area 56,250 SF
    Lot 5.99 ac (260,924 SF)
    APN 20-36575-01-010
    UPID US46-0742156
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $4.30M
    Blend (final) Blend
    $3.28M
    Owner & transaction history
    Michael Medical Holdings LLC · 11 yrs held
    Michael Medical Holdings LLC
    since 2014
    6 recorded transactions
    2014
    2006
    $188,200
    1969
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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