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$882,000  (list price)
/mo   Edit
MLS# 5145157
5842 Old Main Street
North Branch, MN 55056
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


    Building Fin Sq Ft: 8,220 ft²


    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


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


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


    Annual Gross Expense: $35,074

    Financial & Taxes

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


    Annual Gross Income: 112733.00


    Annual Net Income: $77,659


    Total Units: 4


    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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    Von Itter
    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.

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