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Sold
Sold
$575,000  (list price)
$500,000
/mo   Edit
MLS# 5195772
8355 University Avenue NE
Spring Lake Park, MN 55432
Commercial
Built 1970
1.29 acres
Spring Lake Park schools
Info: 763-576-8286
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    Description:   Great standalone restaurant/retail bldg w/excellent University Ave NE exposure. ?Brand new large outdoor seating patio area in front of building. Excellent street access w/ 2 total curb cuts w/extra parking lot in back. Extensive, large, and intact kitchen w/a lot of equipment included. ?(2) walk in coolers (beer & food) and (1) walk in freezer included. Fountain drink system in place & (2) new HVAC units. Located in vibrant trade area along University Ave NE near Northtown Mall. Former Timber Lodge restaurant facility. Regulatory licensing in place for full service restaurant with liquor. Large main bar area ready to be finished, infrastructure in place, side bar already finished & ready to go. The building has ADA compliant restrooms in place along w/a convenient side entry/lobby area w/storefront glass door vestibule.
    List Price: $575,000
    Sold Price: $500,000
    Sold Date: 06/20/2019
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Sold
    Contingency: None
    Year Built: 1970
    City: Spring Lake Park
    Zip Code: 55432

    Interior

    Building Fin Sq Ft: 6,564 ft²

    Exterior

    Air Conditioning: Central
    Heating System: Forced Air
    Foundation Size: 6,564 ft²
    Handicap Accessible: Wheelchair Ramp
    Exterior Material: Wood
    Garage Spaces: 0
    Other Parking Spaces: 89

    Lot

    Acres: 1.29
    Latitude: 45.12038500
    Longitude: -93.26252100
    Lot Size Dim.: irregular
    Dev/Complex Name: Terrace Manor 4th Add
    Zoning: Business/Commercial

    Schools

    School District: 16 - Spring Lake Park
    District Phone: 763-786-5570

    Financial & Taxes

    Tax Year: 2018
    Annual Taxes: $6,681
    Assessment Pending: Unknown
    Taxes w/ Assessments: $7,930

    Unit

    Total Units: 1

    Miscellaneous

    Current Use: Restaurant, Food Service, Commercial, Event Space
    Fuel System: Natural Gas
    Sale Includes: Fixture/Equipment, Building, Land, Liquor License
    Sewer System: City Sewer - In Street
    Water System: City Water - In Street

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    Get to know our Home Mortgage Professionals

    Richard
    Smyth
    TruStone
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    Zajac
    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 Summerhill Commercial Real