3550 Lexington AveShoreview, MN 55126

For Sale
$2,500,000

High-Cash Flow Office Building, 28,155 SF

Overview

Added:
Feb 3
Days on market:
39
This exceptional commercial office building, located at 3550 Lexington Avenue North in Shoreview, Minnesota, presents a lucrative investment opportunity. The property boasts a substantial 28,155 square feet of leasable space, currently 100% occupied by a diverse tenant mix with a blend of short-term and long-term leases, ensuring a consistent cash flow. Situated on a 2.19-acre lot, the building enjoys a highly visible location just off Lexington Avenue, providing excellent accessibility and exposure. Its strategic position offers close proximity to densely populated residential areas and a variety of retail amenities, further enhancing its appeal and tenant attraction. The property has undergone significant improvements within the past two years, including a freshly repaved private parking lot providing ample parking for tenants and visitors, a completely updated lobby area designed to impress, and a brand new elevator system ensuring efficient and modern access to all floors. This well-maintained building represents a rare opportunity to acquire a high-performing commercial asset in a thriving Shoreview location. The asking price is $2,500,000. This property is ideal for investors seeking a stable, high-cash-flow investment with significant upside potential. The combination of strong occupancy, recent capital improvements, and prime location makes this a truly compelling investment opportunity.

Property Details for 3550 Lexington Ave

Property type
Office properties, Other office properties
Square Feet
28,155 SF
Year Built
1979
Lot Size (sq. ft)
95,396 SF

Location Insight

City
Shoreview
County
Ramsey
State
Minnesota
Latitude
45.04863
Longitude
-93.14634
3550 Lexington Ave, Shoreview, Minnesota

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3550 Lexington Ave
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