Saint Paul, MN 55121

$2,075,000

3340 Sherman Court - Upper-level tenant is Lakeside Orthodontics

Virtual Tour

https://tours.spacecrafting.com/n-wkmryy

Lower-level tenants are EveresT and Farmers Insurance

Property Type: Commercial Square Footage: 8,192 Lot Size (sq. ft.): 49,658 Status: Closed

Current Price: $2,075,000 List Date: 1/22/2026 Last Modified: 8/27/2026

Overview

Description

Well-maintained medical / professional office building offering a 7.8% in-place cap rate with stable income, long-term anchor tenancy, and upside potential. Located in Eagan with excellent access to I-35E, strong visibility, and ample on-site parking. The property is 100% occupied by three tenants, anchored by Smile Doctors (dba Lakeside Orthodontics) on the upper level. Lower-level tenants include EveresT Men’s Health and a Farmers Insurance agent, providing near-term flexibility for renewal or re-tenanting. An attractive opportunity for investors seeking medical office exposure with in-place cash flow, expense protection, and value-add potential.

Listing Details MLS# 7011818

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 41
Owner Occupied: No
Waterfront YN: No
Year Built: 2005
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 4096
For Sale or Lease: For Sale
Acres: 1.14
Lot Dimensions: Irregular
Assessment Pending: No

Property Features

Accessible: Doors 36"+; Fully Wheelchair; Hallways 42"+; Wheelchair Ramp Air Conditioning: Central Air CMU Style: Freestanding; Low Rise; Office Construction Status: Previously Owned Current Use: Commercial; Office; Professional Service Exterior: Brick/Stone; Stucco Financing Terms: Cash Fuel: Natural Gas Heating: Forced Air; Zoned On Site Utilities: Electric Common; Heating Common; Hot Water Common Parking Characteristics: Parking Lot; Paved Lot Potential Use: Income; Office; Professional Sewer: City Sewer/Connected Stories: Two Water: City Water - In Street

Contract Information

Off Market Date: 2026-05-26
Closed Date: 2026-07-02
Sales Close Price: 2075000
Contingency: None
ListPrice: 2275000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: Saint Paul
County: Dakota
State: MN
Zip Code: 55121
Complex/Dev/Subdivision: Birchwood Office Park

Assessments

Tax With Assessments: 35260

Building Information

Building Finished SqFt: 8192
Building SqFt: 8192

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 23
Section#: 10
Township#: 27

Sale Options

Sale Includes: Building, Leases

Unit 1

Unit Number: Yes
Level: Main Level
Unit Total SqFt: 5735
Leased?: Yes
Lease Expiration Date: 2029-11-08

Unit 2

Lease Expiration Date: 2026-09-30
Leased?: Yes
Level: Main Level
Unit Number: 2

Unit 3

Lease Expiration Date: 2026-01-22
Leased?: Yes
Level: Main Level
Unit Number: 3

Unit Details

Total Units: 3

Listing Office: Norton Realty, Inc

Last Updated: August - 27 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

, Saint Paul, MN 55121 (MLS# 7011818)