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500 W 98th St
2,872 SF of Office/Retail Space Available in Bloomington, MN 55420
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor | 2,872 SF | Negotiable | $15.00 /SF/YR $1.25 /SF/MO $161.46 /m²/YR $13.45 /m²/MO $3,590 /MO $43,080 /YR | Modified Gross |
2nd Floor
Results Commercial is pleased to present for lease 2,872 SF of office space prominently located in Bloomington, MN. This second-floor office sits above Premier Bank with easy access to highways and plenty of parking for tenants and clients. Consisting of 2,872 SF, this unit has a reception area, 5 private offices, men’s & women’s restrooms, and a breakroom with a kitchenette. Tenants have 2 entrances with staircases to the space as well as an elevator. This is a great opportunity for a new tenant to find the space they’ve been waiting for. Ownership has plans and is in the process of completing building upgrades. Tenant Improvement Allowance is available dependent upon lease terms. Contact listing brokers for more information and schedule tours.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Professional Services Office
- Space In Need of Renovation
- Central Air and Heating
- Reception Area
- Private Restrooms
- Elevator Access
- Natural Light
- Excellent Location in Bloomington, MN
- Easily Accessible
- 2,872 SF on Second Floor
- 2 Entrances & Elevator
- Reception Area, Private Rooms, Breakroom
- Kitchenette, Private Restrooms
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 500 W 98th St , Bloomington, MN 55420
| Property Type | Retail | Year Built | 1966 |
| Property Subtype | Bank | Parking Ratio | 2.19/1,000 SF |
| Gross Leasable Area | 6,842 SF |
| Property Type | Retail |
| Property Subtype | Bank |
| Gross Leasable Area | 6,842 SF |
| Year Built | 1966 |
| Parking Ratio | 2.19/1,000 SF |
About the Property
Results Commercial is pleased to present for lease 2,872 SF of office space prominently located in Bloomington, MN. This second-floor office sits above Premier Bank with easy access to highways and plenty of parking for tenants and clients. Consisting of 2,872 SF, this unit has a reception area, 5 private offices, men’s & women’s restrooms, and a breakroom with a kitchenette. Tenants have 2 entrances with staircases to the space as well as an elevator. This is a great opportunity for a new tenant to find the space they’ve been waiting for. Ownership has plans and is in the process of completing building upgrades. Tenant Improvement Allowance is available dependent upon lease terms. Contact listing brokers for more information and schedule tours.
-
Sawyer Hulsey -
Mark Hulsey -
Results Commercial
Presented by
500 W 98th St
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