, Saint Paul, MN 55122 (MLS# 7007024)

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Saint Paul, MN 55122

$3,700,000

Property Type: Commercial Square Footage: 35,564 Lot Size (sq. ft.): 170,320 Status: Closed

Current Price: $3,700,000 List Date: 1/09/2026 Last Modified: 9/03/2026

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)

Listing Details MLS# 7007024

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 245
Owner Occupied: Yes
Waterfront YN: 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
Assessment Pending: No

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 Financing Terms: Conventional 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

Off Market Date: 2026-09-02
Closed Date: 2026-08-20
Sales Close Price: 3700000
Contingency: None
ListPrice: 3790000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: Saint Paul
County: Dakota
State: MN
Zip Code: 55122
Complex/Dev/Subdivision: Rasmussen College Campus

Assessments

Tax With Assessments: 3495

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

Listing Office: Exactrealtygroup

Last Updated: September - 03 - 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.