Property profile

5701 Shingle Creek Pkwy Minneapolis, MN 55430

FOR LEASE
Commercial real estate
Property ID
US46-0213563
65,256 SF 3.35 ac lot Built 1971
Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Brookdale Towers, located at 5701 Shingle Creek Pkwy in Brooklyn Center, MN 55430, offers prime executive office space in a well-appointed building. This Class C, six-story building, constructed in 1971, boasts a total of 65,256 square feet and sits on a 3.35-acre lot. Multiple tenancy options are available, with spaces ranging from a minimum of 1,748 square feet up to a maximum contiguous space of 2,000 square feet. Currently, 3,748 square feet of space is vacant and ready for immediate occupancy. The building features convenient amenities including 250 parking spaces and elevators for easy access. The property is zoned C2 and its Hennepin County APN is 02-118-21-23-0016. Located in the MN - Northwest submarket, with convenient access to Northway Dr, Brookdale Towers provides a strategic location for businesses seeking efficient and comfortable office space. Tenants enjoy the benefit of free Wi-Fi and access to building conference rooms. This is an excellent opportunity to secure modern office space in a well-maintained building with ample parking and convenient amenities.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1971
Construction CONCRETE
Total area 65,256 SF
Lot 3.35 ac (145,926 SF)
APN 02-118-21-23-0016
UPID US46-0213563

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
  • Auto Repair Shop
  • Daycare Center
  • Training Center Vocational School
  • General Contractor
  • Recording Studio

Location

5701 Shingle Creek Pkwy Minneapolis, MN 55430
Minneapolis metro Census 20304 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
$4.62M
Blend (final) Blend
$4.63M

Owner & transaction history

since 2013
7 recorded transactions
2020
Price N/A
2016
Price N/A
2014
Price N/A
2013
$1.0M
2011
Price N/A
1969
Price N/A
1969
Price N/A

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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More about this property
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