3500 Federal Drive, Saint Paul, MN 55122

$3,790,000
Property Type: Commercial Lot Size (sq. ft.): 170,320 Status: Active
Current Price: $3,790,000 List Date: 1/09/2026 Last Modified: 1/27/2026

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 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

Listing Details MLS# 7007024

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
None
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
Listing Office: Exactrealtygroup
IDX
Last Updated: January - 27 - 2026
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