1710 Douglas Dr N, Golden Valley, MN 55422 For Sale

Outstanding location on Douglas Drive in Golden Valley, MN just off the Duluth exit on Highway 100 in the 394 Office submarket

Quality space for a user to buy and occupy, or considerable value-add opportunity for an investor

Simplicity of gross leases and operates like an apartment building with extremely low-to-no releasing costs

Currently 87% leased producing a stable NOI from a core group of tenants with many currently MTM, but have long term tenancy

MTM leases ensure flexibility for a user or developer to take advantage of a premier location in the Twin Cities

Mixed space types including 7 drive-in bays/shop space, traditional office spaces and executive office suites

Nearby access to multiple retail, restaurant and hospitality amenities including Spring Gate Shopping Center (0.6 mi), The Club at Golden Valley (0.9 mi) and multiple dining options at Highway 55 and Boone Avenue N (1.5 mi)

Steady cash flow with ~$779,174 annual 2025 gross income (proving strong attraction from hyper local small business to the building)

Annual 2025 expenses of ~$365,274 or $6.52/SF

4.17 acre site size currently zoned O/Office

1710 Douglas Drive N currently sits between a Medium Density Residential parcel (R-3) to the south and a Mixed-Use Neighborhood parcel (MU-N) to the north. Golden Valley’s 2040 Plan emphasizes the importance of increasing housing density with 1710 Douglas retaining O/Office zoning, surrounded by Medium Density Residential (R-3). R-3 is defined as medium density housing (up to 10 units per acre with potential for 12 units per acre with density bonuses) along with directly related and complimentary uses, and senior and physical disability housing to a density of 20 unites per acre, or up to five stories or 60’ with a Conditional Use Permit.