8700 Professional Building | 8700 W 36th St
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8700 Professional Building 8700 W 36th St
25,000 SF 93% Leased Office Building Saint Louis Park, MN 55426 £2,164,050 (£87/SF)
Executive Summary
Professionally updated multi-tenant office building in the heart of St. Louis Park, with proximity to bus line, restaurants, and Knollwood Mall. Sitting on 1.25 Acres, this property has ample free off-street parking, easy access to Highways 169, 7 & Excelsior
Boulevard. Building is currently at ~ 86% Occupancy, with the ability to add revenue for an investor or enough available space to customize as an owner-user opportunity.
Variety of suite sizes and professional service tenants in the building, visible monument signage and updated mechanicals, make this a very efficient building and option for small to mid-sized businesses, which is in high demand in today's market.
Current owner takes pride in a well maintained property and overall site.
** ~$940K in 3rd-Party Financing stays with this property (at ~3.25% interest) **
Boulevard. Building is currently at ~ 86% Occupancy, with the ability to add revenue for an investor or enough available space to customize as an owner-user opportunity.
Variety of suite sizes and professional service tenants in the building, visible monument signage and updated mechanicals, make this a very efficient building and option for small to mid-sized businesses, which is in high demand in today's market.
Current owner takes pride in a well maintained property and overall site.
** ~$940K in 3rd-Party Financing stays with this property (at ~3.25% interest) **
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
25,000 SF
Building Class
C
Year Built
1962
Price
£2,164,050
Price Per SF
£87
Percent Leased
93%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
10,620 SF
Slab to Slab
10 ft
Building FAR
0.46
Lot Size
1.24 AC
Zoning
N/Av, St Louis Park - N/Av, St Louis Park
Parking
50 Spaces (2.33 Spaces per 1,000 SF Leased)
Amenities
- Bus Route
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Large open area plus two private rooms. Lots of windows. Virtual Tour: https://jgmproperties.com/3d-model/1831-sqft-st-louis-park-office-space-for-lease/
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 1,831 SF | Office | - | Now |
2nd Floor
| Size |
| 1,831 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
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2nd Floor
| Size | 1,831 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Large open area plus two private rooms. Lots of windows. Virtual Tour: https://jgmproperties.com/3d-model/1831-sqft-st-louis-park-office-space-for-lease/
Walk Score ®
Very Walkable (78)
Bike Score ®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 18-117-21-42-0145 | Improvements Assessment | £633,185 |
| Land Assessment | £480,900 | Total Assessment | £1,114,085 |
PROPERTY TAXES
Parcel Number
18-117-21-42-0145
Land Assessment
£480,900
Improvements Assessment
£633,185
Total Assessment
£1,114,085
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PHOTOS
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8700 Professional Building | 8700 W 36th St
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