For Sale: Fridley MLS# 7088736
Active
$4,500,000
Commercial: Other
Built 1990
1.09 acres
Columbia Heights schools
MLS# 7088736
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Property Description
Presenting Hillwind Office Center, a rare opportunity to acquire a well-maintained, multi-tenant medical and professional office building strategically located in the heart of Fridley's thriving business corridor. Situated just yards from Interstate 694 and Highway 65, giving you exposure to 150, 000 cars a day! 941 Hillwind Rd NE offers exceptional accessibility, strong tenant demand, and significant upside potential for investors and owner-users alike.
The property consists of over 38, 000 square feet of office and medical space situated on a 1.09-acre site with abundant surface and covered parking. Originally constructed in 1987, the building has undergone extensive renovations and capital improvements, including a complete remodel of the third floor in 2025, significant second-floor renovations, a full first-floor remodel in 2023, and substantial ground-level improvements completed in 2024.
The building is home to a diverse mix of healthcare, professional service, and executive suite tenants, creating stable cash flow while minimizing reliance on any single occupant. Current ownership occupancy by healthcare-related businesses provides a unique value-add opportunity, as a significant portion of the building is leased below prevailing market rates. A future investor may realize meaningful revenue growth through lease renewals, tenant turnover, or market-rate repositioning.
With a strategic location, recent capital improvements, established tenant base, and future income growth opportunities, 941 Hillwind Rd NE represents a compelling opportunity for investors seeking stable cash flow with value-add potential in one of the Twin Cities' strongest suburban office and medical markets.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$4,500,000
Property Type:
Commercial
City:
Fridley
Garage Spaces:
16
County:
Anoka
Year Built:
1990
State:
MN
Property Style:
Other
Zip Code:
55432
Subdivision Name:
Hillwind
Interior
Flooring:
Carpet, Luxury Vinyl Plank, Marble
Exterior
Stories:
Three Or More
Garage Spaces:
16
Garage Dimensions:
120x63
Garage Size:
7,473 ft2
Garage Door Height:
7
Garage Door Width:
16
Foundation Size:
9,538 ft2
Foundation Dimensions:
140x73
Fencing:
Chain Link
Handicap Accessible:
Accessible Elevator Installed, Hallways 42"+
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Asphalt
- Garage Door Opener
- Guest Parking
- Heated Garage
- Parking Lot
- Paved Lot
- Tuckunder Garage
Road Frontage:
City Street
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
1.09
Geolocation:
45.069716, -93.246522
Inclusions:
Building, Leases
Lot Dimensions:
64 x 130 x 238 x 158 x 328
Zoning:
Business/Commercial
Lot Description:
Irregular Lot
Schools
School District:
13
District Phone:
7635284500
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$98,632
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$98,632
Units
Total Units:
21
Miscellaneous
Current Use:
- Office
- Other
- Professional Service
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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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 LPT Realty, 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.