Minneapolis · Commercial sale
R4 Enterprises buys 15400 28th Ave N in Plymouth for $3.7 million
An office building at 15400 28th Ave N, Plymouth sold for $3,700,000 on September 30, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $3,700,000
- Sold
- September 30, 2026
- Property type
- Office building
- Lot size
- 128,066 sq ft
- Year built
- 1988
At $3,700,000, the sale price was 3.9 times the $950,000 paid in 1998, the most recent earlier sale on record, according to the Assessor’s records.
An office building at 15400 28th Ave N in Plymouth sold for $3,700,000 on September 30, 2026, according to the Certificate of Real Estate Value filed with the Minnesota Department of Revenue.
The record lists 15400 Associates, LLP as the seller and R4 Enterprises, LLC as the buyer. The Assessor’s records show a 1988 construction date, a 2.94-acre lot and a market value of $3,295,000; the sale price was 12% above that value.
What this sale costs to close
What does closing cost at this price? Under Hennepin County custom the seller's larger charges are $12,580 for the state deed tax + Environmental Response Fund (Hennepin/Ramsey) and $7,450 for the owner's title insurance policy. The seller's estimated net is $3,649,084 before brokerage commissions and any loan payoff. A cash buyer would need about $3,670,005 at closing.
Source: Minnesota Department of Revenue, Certificates of Real Estate Value, document 1926954. Property details: Hennepin County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
