Office properties in Bloomington, Minnesota, offer a unique investment opportunity for those looking to capitalize on the city's strong economy and diverse industries. As a hub for retail, technology, healthcare, and manufacturing, Bloomington is home to several major corporations, including Ceridian, Donaldson Company, HealthPartners, and Toro. The city's extensive park system, including Hyland Lake Park Reserve and the Minnesota Valley National Wildlife Refuge, also makes it an attractive location for businesses and residents alike. With its convenient location just south of downtown Minneapolis and its robust infrastructure, including the Minneapolis–Saint Paul International Airport and the Mall of America, Bloomington is an ideal place to invest in office properties. Additionally, the city's strong job market, with over 100,000 jobs provided by various employers, and its highly educated population, with institutions like Normandale Community College and Northwestern Health Sciences University, make it an attractive location for businesses looking to establish or expand their operations.
Bloomington's office properties offer a range of investment opportunities, from small, boutique offices to large, corporate campuses. With 5 office properties for sale, investors have a wide range of options to choose from. In addition to office properties, Bloomington is also home to a variety of other commercial real estate options, including commercial buildings, apartment buildings, shopping centers, and hotels. The city's commercial real estate market is diverse, with options available in both West Bloomington, which is more residential, and East Bloomington, which features industry and retail centers. Whether you're looking to invest in a small office space or a large commercial property, Bloomington has something to offer. With its strong economy, diverse industries, and convenient location, Bloomington is an attractive location for businesses and investors alike.
What is the average price per square foot for office properties in Bloomington?
The average price per square foot for office properties in Bloomington is $197 USD per square foot, with an average size of 50,445 square feet and a largest size of 188,810 square feet, among the 5 available listings.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Bloomington, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location, to make an informed investment decision.
- Class A office properties are typically high-rise buildings with premium finishes, advanced technology, and prime locations, often attracting top-tier tenants and commanding higher rental rates.
- Class B office properties offer a balance of quality and affordability, providing functional spaces with standard amenities, suitable for a wide range of businesses and tenants.
- Class C office properties are often older, less renovated buildings with more basic amenities, typically appealing to budget-conscious tenants and startups.
