For Sale: Eagan MLS# 6803314
Active
$1
Commercial: Other
Built 1972
4.29 acres
Burnsville-Eagan-Savage schools
MLS# 6803314
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Property Description
Positioned in the heart of Eagan’s vibrant industrial corridor, 1959 Shawnee Road presents a prime opportunity to acquire a well-maintained, multi-tenant flex/industrial property with a strong history of occupancy and reliable cash flow. The property totals approximately 60, 000 SF across two buildings on 4.28 acres, offering a mix of office, warehouse, and light manufacturing space to
accommodate a wide range of business operations.
It is 100% leased to19 tenants across diverse industries, supported by flexible I-1 zoning, ample parking, and excellent access to I-35E, I-494, and Highway 13.
With its proven rental history, strategic location near major highways and MSP Airport, and stable tenant base, 1959 Shawnee Road represents a solid long-term investment in one of Eagan’s most
active industrial areas. Additionally, there is significant potential to raise rents to market levels, providing an attractive opportunity to increase income and enhance overall returns.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1
Property Type:
Commercial
City:
Eagan
Garage Spaces:
0
County:
Dakota
Year Built:
1972
State:
MN
Property Style:
Other
Zip Code:
55122
Subdivision Name:
Cedar Indust Park
Interior
Ceiling Height:
11-15
Exterior
Garage Spaces:
0
Other Parking Spaces:
0
Foundation Size:
60,000 ft2
Handicap Accessible:
Other
Heating System:
Other
Parking Features:
Parking Lot
Exterior Material:
Other
Lot & Land
Acres:
4.29
Geolocation:
44.827525, -93.202926
Inclusions:
Building, Land, Leases
Lot Dimensions:
x
Zoning:
Industrial
Schools
School District:
191
District Phone:
952-707-2000
Expenses
Annual Gross Expense:
$279,947
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$118,312
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$120,610
Income
Annual Gross Income:
$695,864
Rent
Annual Net Income:
$415,915
Units
Total Units:
19
Miscellaneous
Current Use:
- Commercial
- Industrial
- Office
- Professional Service
- Professional/Office
- Warehouse
Fuel System:
Other
Owner Occupied:
No
Sewer System:
Other
Available Utilities:
- Electric Separate
- Heating Separate
Water System:
Other
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Financially Free, LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.