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5851 Cedar Lake Rd 8,909 SF 85% Leased Office Building Saint Louis Park, MN 55416 $1,860,300 CAD ($208.81 CAD/SF) 7% Cap Rate



Executive Summary
5851 Cedar Lake Road | St. Louis Park, MN
Turnkey Investment or Owner-User Opportunity in the Heart of the West End
The Opportunity
This income-producing office condo generates over $180,000 in annual revenue, offering a rare combination of stability and flexibility. Whether you're an investor seeking a hands-off cash-flowing asset or a business owner looking to occupy space while leasing out the remainder, this property delivers.
Flexible Use Structure
The building's layout supports multiple ownership strategies:
Full owner-occupancy for a growing business needing a professional home base
Partial occupancy with income from leasing the balance
Pure investment hold with existing tenants in place generating strong cash flow
Prime West End Location
Positioned in one of the Twin Cities' fastest-growing submarkets, 5851 Cedar Lake Road puts tenants and owners minutes from the West End's dense mix of retail, dining, and Class A office development — while maintaining the lower overhead of a suburban office park setting. Easy access to Highway 100 and I-394 connects the property to the entire western metro.
Low-Maintenance Ownership
As part of a 12-unit, professionally managed office park, ownership here comes with minimal landlord responsibilities. Common area maintenance, grounds, and building systems are handled at the association level — freeing owners to focus on their business or their return, not building operations.
Investment Highlights
$180,000+ in annual revenue
Flexible owner-occupy/lease-out structure
Located in high-growth West End submarket
Professionally managed 12-unit office park
Minimal landlord/CAM responsibilities
Strong highway access via Hwy 100 & I-394
Turnkey Investment or Owner-User Opportunity in the Heart of the West End
The Opportunity
This income-producing office condo generates over $180,000 in annual revenue, offering a rare combination of stability and flexibility. Whether you're an investor seeking a hands-off cash-flowing asset or a business owner looking to occupy space while leasing out the remainder, this property delivers.
Flexible Use Structure
The building's layout supports multiple ownership strategies:
Full owner-occupancy for a growing business needing a professional home base
Partial occupancy with income from leasing the balance
Pure investment hold with existing tenants in place generating strong cash flow
Prime West End Location
Positioned in one of the Twin Cities' fastest-growing submarkets, 5851 Cedar Lake Road puts tenants and owners minutes from the West End's dense mix of retail, dining, and Class A office development — while maintaining the lower overhead of a suburban office park setting. Easy access to Highway 100 and I-394 connects the property to the entire western metro.
Low-Maintenance Ownership
As part of a 12-unit, professionally managed office park, ownership here comes with minimal landlord responsibilities. Common area maintenance, grounds, and building systems are handled at the association level — freeing owners to focus on their business or their return, not building operations.
Investment Highlights
$180,000+ in annual revenue
Flexible owner-occupy/lease-out structure
Located in high-growth West End submarket
Professionally managed 12-unit office park
Minimal landlord/CAM responsibilities
Strong highway access via Hwy 100 & I-394
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
8,909 SF
Building Class
B
Year Built
1984
Price
$1,860,300 CAD
Price Per SF
$208.81 CAD
Cap Rate
7%
NOI
$130,221 CAD
Percent Leased
85%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,455 SF
Slab To Slab
10’
Building FAR
0.49
Lot Size
0.42 AC
Zoning
Commercial
Parking
30 Spaces (3.37 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 04-117-21-34-0036 | Improvements Assessment | $1,082,006 CAD |
| Land Assessment | $268,297 CAD | Total Assessment | $1,350,302 CAD |
Property Taxes
Parcel Number
04-117-21-34-0036
Land Assessment
$268,297 CAD
Improvements Assessment
$1,082,006 CAD
Total Assessment
$1,350,302 CAD
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5851 Cedar Lake Rd
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