941 Hillwind Road NE is a standout suburban office asset — a four-story, glass-fronted building that combines architectural design, visibility, and functionality. Built in 1987 and upgraded in 2023-2024 with over $1 million in capital improvements, the property offers ±28,460 SF of professional rentable space with 75 surface and 16 climate-controlled garage stalls.
The building’s tenant mix includes medical, therapy, childcare, and professional service users, reflecting steady demand for accessible, high-quality space in the northern metro. Each floor offers flexible layouts that suit both investors and potential owner-occupants seeking a signature location.
Investment Highlights
Architectural Distinction & Visibility: The asset stands out with glass-rich façades and a design aesthetic uncommon in the suburban market, delivering high curb appeal and an impressive professional image for tenants.
Best-in-Class Parking Ratio: With 75+ surface stalls plus 16 climate-controlled indoor garage stalls, the property offers one of the rare superior parking configurations in a suburban node — a differentiator for attracting premium tenants.
Premier Location in a Strong Employment Node: Situated directly across from Medtronic’s main campus in Fridley and along major transportation corridors (I-694 / Hwy 65), the property enjoys immediate visibility, access and proximity to major regional employers
Stable Tenant Base & Diversified Use: The building currently hosts a variety of professional service tenants — from medical and autism-therapy to childcare and real estate — reducing single-industry risk and providing a diverse cash-flow foundation.
Upside Potential: Recent capital investment by the current owner (over $1M) means the building is delivered in enhanced condition of building improvements, systems upgrades, and deferred maintenance resolution, delivering the property in exceptional condition. This substantial capital infusion significantly de-risks ownership for the buyer, who will inherit modern building systems and extensive recent upgrades typically requiring years of capital allocation. Set up to secure stronger lease terms, extend lease durations and/or reposition portions of the building to higher rent-profiles.
Suburban Office Advantage: As companies continue to seek amenitized, accessible suburban locations for professional service use, this property offers the combination of design, parking, flexibility and location that tenants increasingly demand.
Flexible Ownership / Exit Options: The asset is well-suited for an owner-user seeking occupancy or for an investor pursuing a hold strategy, leasing momentum and eventual value growth through lease reversion and building longevity.
Location Summary
The property is located at 941 Hillwind Road NE in Fridley, Minnesota, a first-ring northern suburb of the Twin Cities metro and part of the greater Minneapolis-Saint Paul employment area. Fridley sits at the crossroads of I-694 and Hwy 65, providing fast access to downtown Minneapolis, the northern suburbs and the regional freeway network.
Fridley is home to the global operational headquarters of Medtronic, along with other large employers such as Cummins Power Generation and BAE Systems, delivering a significant daytime employment base and talent pool.
From a demographic and labor perspective, Fridley benefits from a highly educated workforce with a wage profile skewed toward professional, scientific and technical services — the very tenant types currently occupying the building.
The immediate area is characterized by strong infrastructure, established amenities, and frontage-road exposure directly off I-694 / Hwy 65 — enhancing tenant visibility and accessibility. In addition, being positioned across from a major corporate campus (Medtronic) further elevates the asset’s prestige and tenant appeal.
Given these fundamentals — architectural prominence, strategic location, tenant diversity and recent capital investment — the property presents a compelling opportunity for a buyer seeking a well-positioned suburban office building with immediate upside and long-term value potential.
