8700 36th St St Louis Park, MN 55426-3906

This exceptional two-story, 23,670 square foot executive office building in St. Louis Park, Minnesota, presents a compelling investment opportunity. Located at 8700 W 36th St, 55426, this Class B property boasts a strong 8.50% cap rate and a substantial net operating income (NOI) of $228,229.09, with an asking price of $2,700,000. Built in 1962 and extensively renovated in 2022, the building sits on a 1.25-acre lot with ample free off-street parking. Currently enjoying approximately 86% occupancy across multiple units, this multi-tenant property offers immediate income potential for investors, or the flexibility for an owner-user to customize the available space. The property benefits from a highly desirable location, with convenient access to Highways 169, 7, and Excelsior Boulevard, as well as public transportation, restaurants, and Knollwood Mall. The C-2 zoning allows for a variety of uses. The building features updated mechanical systems, visible monument signage, and a diverse tenant mix of professional service businesses. The current owner maintains a high standard of upkeep, resulting in a well-maintained property and site. This is a highly sought-after asset in a thriving market, ideal for small to mid-sized businesses. The Hennepin County location and APN 1811721420145 further identify this property.