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Sold
Sold
$882,000  (list price)
$776,000
/mo   Edit
MLS# 5145157
5842 Old Main Street
North Branch, MN 55056
Commercial
Built 2001
0.831 acres
North Branch schools
Info: 763-576-8286
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    Description:   2001 construction this 8, 200 SF building if fully leased with .83 acre land. Highly visible corner location in North Branch and ample ground free parking. CAP rate of 8.8%!
    List Price: $882,000
    Sold Price: $776,000
    Sold Date: 06/18/2019
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Sold
    Contingency: None
    Year Built: 2001
    City: North Branch
    Zip Code: 55056

    Interior

    Building Fin Sq Ft: 8,220 ft²

    Exterior

    Air Conditioning: Central
    Heating System: Forced Air
    Foundation Size: 8,220 ft²
    Handicap Accessible: Wheelchair Ramp
    Exterior Material: Brick/Stone
    Garage Spaces: 0
    Other Parking Spaces: 43
    Roof Details: Pitched, Asphalt Shingles

    Lot

    Acres: 0.831
    Latitude: 45.51167800
    Longitude: -92.99044600
    Lot Size Dim.: .83
    Dev/Complex Name: North Gate
    Zoning: Business/Commercial

    Schools

    School District: 138 - North Branch
    District Phone: 651-674-1000

    Expenses

    Annual Gross Expense: $35,074

    Financial & Taxes

    Tax Year: 2018
    Annual Taxes: $6,268
    Assessment Pending: No
    Taxes w/ Assessments: $23,388

    Income

    Annual Gross Income: 112733.00

    Rent

    Annual Net Income: $77,659

    Unit

    Total Units: 4

    Miscellaneous

    Current Use: Professional Service, Office
    Fuel System: Natural Gas
    Sale Includes: Building, Land, Leases
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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    Richard
    Smyth
    TruStone
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    Richard Smyth
    Area Sales Manager
    TruStone Home Mortgage NMLS#422593
    Richard Smyth joined TruStone Home Mortgage as a Mortgage Consultant in 2015. With nearly 10 years of experience in the mortgage industry, he has the skills to guide borrowers through the home buying process with ease. With a bachelor's degree in finance from the National University of Ireland Maynooth and a background as a financial advisor, Richard knows the ins-and-outs of financing and will help you get from contract to close. Away from work, Richard spends his time playing music, enjoying the outdoors and spending time with his family.
    763-270-4334

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    Listing provided by RMLS, courtesy of Lakes Area Realty East Metro*