941 Hillwind RD NE Minneapolis, MN 55432
1.09 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Hillwind
MLS Listing ID 7088736
Year Built 1990
Annual Tax Amount $98,632
Tax Year 2026
Contingent None
Lot Size 1.090 Acres
Lot Dimensions 64x130x238x158x328
Property Description
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.
Location
State MN
County Anoka
Zoning Business/Commercial
Interior
Heating Forced Air
Flooring Carpet, Luxury Vinyl Plank, Marble
Inclusions Building, Leases
Fireplace No
Exterior
Parking Features Asphalt, Garage Door Opener, Guest Parking, Heated Garage, Parking Lot, Paved Lot, Tuckunder Garage
Garage Spaces 16.0
Fence Chain Link
Utilities Available Electric Common, Heating Common, Hot Water Common
Present Use Office,Other,Professional Service
Building
Lot Description Irregular Lot
Story Three Or More
Foundation 9538
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Three Or More
New Construction false
Schools
School District Columbia Heights