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Active Contingent
/mo   Edit
MLS# 5145167
38880 Oakview Avenue
North Branch, MN 55056
0.357 acres
Built 2000  ●  North Branch schools
Info: 763-576-8286
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    Description:   Fully leased office/retail built in 2001; North Gate Plaza building offers an excellent investment opportunity in North Branch just off Hwy 35 at a 8.3 CAP rate.
    List Price: $425,000
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active Contingent
    Contingency: Other
    Year Built: 2000
    City: North Branch
    Zip Code: 55056


    Building Fin Sq Ft: 4,000 ft²


    Air Conditioning: Central
    Heating System: Forced Air
    Foundation Size: 4,000 ft²
    Handicap Accessible: Wheelchair Ramp
    Exterior Material: Brick/Stone
    Garage Spaces: 0
    Other Parking Spaces: 22


    Acres: 0.357
    Latitude: 45.51214400
    Longitude: -92.98983700
    Lot Size Dim.: .38
    Dev/Complex Name: North Gate
    Zoning: Business/Commercial


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


    Annual Gross Expense: $16,552

    Financial & Taxes

    Tax Year: 2018
    Annual Taxes: $3,099
    Assessment Pending: No
    Taxes w/ Assessments: $12,324


    Annual Gross Income: 51887.00


    Annual Net Income: $35,365


    Total Units: 4


    Current Use: Office, Retail
    Fuel System: Natural Gas
    Sale Includes: Business, Land, Leases
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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    Von Itter
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    Jeff Zajac
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    TruStone Home Mortgage NMLS#373627
    Jeff Zajac joined the Mortgage Lending Services team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.

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