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3550 Lexington Avenue N Shoreview, MN $ 2,500,000
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$ 2,500,000 Get more info
3550 Lexington Avenue N
$ 2,500,000
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Share Save

3550 Lexington Avenue N

Shoreview, MN, 55126
$ 2,500,000
Baths0.0 Sq 28,155

Monthly Estimate*

$ 17,463

3550 Lexington Avenue N, Shoreview, MN 55126 - Image 1
3550 Lexington Avenue N, Shoreview, MN 55126 - Image 2
3550 Lexington Avenue N, Shoreview, MN 55126 - Image 3
3550 Lexington Avenue N, Shoreview, MN 55126 - Image 4
3550 Lexington Avenue N, Shoreview, MN 55126 - Image 5
3550 Lexington Avenue N, Shoreview, MN 55126 - Image 6
3550 Lexington Avenue N, Shoreview, MN 55126 - Image 7
3550 Lexington Avenue N, Shoreview, MN 55126 - Image 8
3550 Lexington Avenue N, Shoreview, MN 55126 - Image 9
3550 Lexington Avenue N, Shoreview, MN 55126 - Image 10
3550 Lexington Avenue N, Shoreview, MN 55126 - Image 11
Studio

Commercial Property for sale in Shoreview, MN

for $2,500,000. This 28,155 square foot building was built in 1979 on a lot size of 2.19.

Great opportunity to acquire a well-maintained commercial office building in prime Shoreview! Highly visible location just off Lexington Ave., with close proximity to highly populated residential areas, retail, and easy access to freeways. Plenty of parking with a private freshly re-paved parking lot, freshly updated lobby, brand new elevator, and so much more. This attractive building features over 28,000 square ft. currently 100% occupied with a mix of long and short term tenants. Lots of new capital improvements in the past 24 months. Great Cash Flow.

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Commercial Active

Price

$ 2,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 52,408

Style

Office

Lot Size

2.19

Year Built

1979

Town/City

Shoreview

County/Region

Ramsey

MLS | Web ID

6147378
Features
General
Sewer City Sewer/Connected
Heating Other
Utilities None
Garage Spaces 0
Construction Materials Brick/Stone
Year Built 1979
Tenant Pays Other
Levels Three Or More
Property SubType Office
Tax Year 2023
Current Use Office
Gross Income 331200
Accessibility Accessible Elevator Installed
County Ramsey
Net Operating Income 185000
Insurance Expense 7000
Property Type Commercial Sale
Contingency None
Subdivision Name Section 35 Town 30 Range 23
Directions Shoreview Ave N. Pull into parking lot.
City Shoreview
Buyer Agent Compensation 2.00
Land Lease Amount 0
High School District Mounds View
Zoning Description Business/Commercial
Total Units 28
Street Name Lexington
Land Lease Y/N N
Tax Annual Amount 52408
Additional Parcels Y/N N
Days on Market 538
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Exterior
Parking Features Paved
Water Source City Water/Connected
Inclusions Building Land Leases
Lot Size Area 2.19
Building Area Total 28155
Lot Dimensions 0
Lot Size Units Acres
Foundation Area 9385
Road Frontage Type City Street
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Interior
Basement (Y/N) N
Street Suffix Avenue
Fuel Natural Gas
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Internal Only
Street Number 1 3550
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* Excluded Features
List By
Monoceros Real Estate

Broker

stasmanchik@gmail.com

Email

Affordability Calculator

$21,831
Per Month
80%
20%
0%
Monthly Principal & Interest
$17,463
Monthly Property Taxes
$4,367
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
708433 Elementary School
709349 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/25/2024$2,500,000 -7.41% Price Down
9/4/2023$2,700,000 Listed Price

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3550 Lexington Avenue N, Shoreview, MN, 55126 is a Commercial Property for sale at $2,500,000 with 28,155 sqft and a lot size of 2.19. 3550 Lexington Avenue N is a studio with 0.0 baths and was built in 1979. The property's zip code is 55126 which is in Shoreview, MN

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