$3,790,000
Saint Paul, MN 55122
MLS# 7007024
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Property 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 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
Details
Maps
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Current Price: $3,790,000
Contingency: Subject to Financing
ListPrice: 3790000
List Date: 2026-01-09
Office/Member Info
Association: MAAR
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
Lot Dimensions: 3.92
Acres: 3.91
Foundation Size: 35564
Garage Stalls: 0
For Sale or Lease: For Sale
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: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 3495
Assumable Loan
Not Assumable: 1
Basement
Foundation Dimensions: 35564
Building Information
Building Finished SqFt: 35564
Building SqFt: 35564
Construction Status
Previously Owned: 1
Exterior
Block: 1
Foundation
Slab: 1
Fuel
Natural Gas: 1
Heating
Boiler: 1
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Parking Lot: 1
Public Survey Info
Range#: 23
Section#: 16
Township#: 27
Sale Options
Sale Includes: Building
Sewer
City Sewer/Connected: 1
Stories
One: 1
Unit Details
Total Units: 1
Water
City Water/Connected: 1
On Site Utilities
Electric Common: 1
Heating Common: 1
Hot Water Common: 1
CMU Style
Freestanding: 1
Mixed Use: 1
Office: 1
Retail/Shopping Center: 1
Single Occupancy: 1
Warehouse: 1
Current Use
Church: 1
Commercial: 1
Office: 1
Professional Service: 1
Potential Use
Diversified: 1
Income: 1
Manufactured Home: 1
Other: 1
Professional: 1
Retail: 1
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
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
Listing Office: Exactrealtygroup
Last Updated: March - 31 - 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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
