3500 Federal Drive, Saint Paul, MN 55122

Overview

Description

The Gateway to Success Positioned at the strategic gateway of the Twin Cities’ South Metro, 3500 Federal Drive offers an unmatched owner-user opportunity within Eagan’s thriving professional corridor. This versatile 35,564 SF single-story asset, formerly a flagship educational campus, is engineered for high-density success. With a rare 10.0:1,000 parking ratio—nearly triple the market average—the property is uniquely suited for specialized medical clinics, high-tech training facilities, or mission-critical corporate headquarters. Visibility is a core asset here: the building commands a front-row seat to over 86,000 vehicles daily on I-35E, providing an invaluable "billboard" effect for its occupant. Its expansive 3.92-acre footprint allows for direct tenant access and exterior autonomy, highly sought-after features in the 2026 suburban office landscape. Situated less than 10 minutes from MSP International Airport and just moments from premier retail hubs like Central Park Comm ... (Read more)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 245
Owner Occupied: Yes
Waterfront Present: No
Year Built: 1990
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 35564
For Sale or Lease: For Sale
Acres: 3.91
Lot Dimensions: 3.92
Garage Stalls: 0

Property Features

Accessible: Fully Wheelchair Assumable Loan: Not Assumable CMU Style: Freestanding; Mixed Use; Office; Retail/Shopping Center; Single Occupancy; Warehouse Construction Status: Previously Owned Current Use: Church; Commercial; Office; Professional Service Exterior: Block Foundation: Slab Fuel: Natural Gas Heating: Boiler On Site Utilities: Electric Common; Heating Common; Hot Water Common Parking Characteristics: Parking Lot Potential Use: Diversified; Income; Manufactured Home; Other; Professional; Retail Sewer: City Sewer/Connected Stories: One Water: City Water/Connected

Contract Information

Contingency: Subject to Financing
ListPrice: 3790000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 3500
Street Name: Federal
Street Suffix: Drive
Postal City: Saint Paul
County: Dakota
State: MN
Zip Code: 55122
Complex/Dev/Subdivision: Rasmussen College Campus

Assessments

Tax With Assessments: 3495
Assessment Balance: 0

Basement

Foundation Dimensions: 35564

More Information

Building Information

Building Finished SqFt: 35564
Building SqFt: 35564

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 23
Section#: 16
Township#: 27

Sale Options

Sale Includes: Building

Unit Details

Total Units: Yes

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: RASMUSSEN COLLEGE CAMPUS 1 1
Listing City: Eagan
Map Page: 135
Municipality: Eagan
School District: West St. Paul-Mendota Hts.-Eagan
School District Phone: 651-403-7002
Zip Plus 4: 5369
Property ID Number: 106295001010
Tax Year: 2025
Tax Amount: 3495
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: The Gateway to Success Positioned at the strategic gateway of the Twin Cities’ South Metro, 3500 Federal Drive offers an unmatched owner-user opportunity within Eagan’s thriving professional corridor. This versatile 35,564 SF single-story asset, formerly a flagship educational campus, is engineered for high-density success. With a rare 10.0:1,000 parking ratio—nearly triple the market average—the property is uniquely suited for specialized medical clinics, high-tech training facilities, or mission-critical corporate headquarters. Visibility is a core asset here: the building commands a front-row seat to over 86,000 vehicles daily on I-35E, providing an invaluable "billboard" effect for its occupant. Its expansive 3.92-acre footprint allows for direct tenant access and exterior autonomy, highly sought-after features in the 2026 suburban office landscape. Situated less than 10 minutes from MSP International Airport and just moments from premier retail hubs like Central Park Commons and Twin Cities Premium Outlets, 3500 Federal Drive combines logistical dominance with elite lifestyle amenities. Whether you are seeking a medical-conversion anchor or a corporate operations center, this property delivers the visibility, accessibility, and infrastructure to scale your organization’s future
Directions: 494 to 35E South to Yankee doodle road -right turn to federal drive-- left turn to address.

Accessible

Fully Wheelchair: Yes

Assumable Loan

Not Assumable: Yes

Construction Status

Previously Owned: Yes

Exterior

Block: Yes

Foundation

Slab: Yes

Fuel

Natural Gas: Yes

Heating

Boiler: Yes

Parking Characteristics

Parking Lot: Yes

Sewer

City Sewer/Connected: Yes

Stories

One: Yes

Water

City Water/Connected: Yes

On Site Utilities

Electric Common: Yes
Heating Common: Yes
Hot Water Common: Yes

CMU Style

Freestanding: Yes
Mixed Use: Yes
Office: Yes
Retail/Shopping Center: Yes
Single Occupancy: Yes
Warehouse: Yes

Current Use

Church: Yes
Commercial: Yes
Office: Yes
Professional Service: Yes

Potential Use

Diversified: Yes
Income: Yes
Manufactured Home: Yes
Other: Yes
Professional: Yes
Retail: Yes