White Bear Lake Office Space

4525 White Bear Pkwy Space
White Bear Lake, MN
# 4525 White Bear Parkway **FOR SALE OR LEASE!** PRICE REDUCED! Favorably located three floor office building with great visibility in White Bear Lake, just off of I-35E. The property features many updates and ample surface level parking. **BUILDING SQUARE FEET:** 18,000 square feet total **LAND AREA:** 2.5 acres (approx 65,000 feet usable) **ZONING:** DBD, DIVERSIFIED BUSINESS DEVELOPMENT DISTRICT **PID:** 213022110011 **FLOORS:** Three (3) **YEAR BUILT:** 1987 **PARKING:** • Surface lot, 58 spaces • Ratio: 3.6/1,000 **ENTRANCES:** Dramatic front entrance with atrium reception area **FIRE PROTECTION:** Lower level wet sprinkler system **ELEVATOR:** • Serves all floors • Up to code **CONSTRUCTION:** Concrete deck, brick exterior **ROOF:** New roof in 2008 **HVAC:** • Seven (7) original furnaces - parts replaced, well-maintained • Seven (7) original a/c units - parts replaced, well-maintained **AVAILABLE FOR LEASE:** 18,000 square feet **MINIMUM DIVISIBLE:** 12,000 square feet (full floor) **NET RENTAL RATE:** $12.00 per square foot net **SALE PRICE:** $1,400,000.00 ($78.00 per square foot) **REAL ESTATE TAXES 2014:** $57,017.77 ($3.17 per square foot) Features - Convenient location just off I-35E, on Highway 96 near downtown White Bear Lake - Located close to retail areas, lodging and dining options - Multiple offices - High traffic area - Ample parking in on-site surface lot - Highly visible signage - New roof in 2008

White Bear Lake

Office Space Market Report

Number of Listings (last 90 days)
23
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
3,620
As of: March 12, 2017

White Bear Lake Rates

The typical asking rate per listing is in the $10's per square foot per year. The White Bear Lake submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 20% increase in rent.

White Bear Lake Listing Supply

In the last 90 days, 23 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 3,620 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are around 2 stories. Most buildings in this region were built in 1987 and are Class B.

White Bear Lake Community

Market Report

Trends and status of the commercial real estate market in White Bear Lake.
Market Report

Market Data

Real time and historical data on commercial real estate listings in White Bear Lake.
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