Sold: Fridley MLS# 6466474
Sold
$434,900 (list price)
$435,000
Commercial: Office
Built 1960
0.16 acres
Fridley schools
MLS# 6466474
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Property Description
Prime investment opportunity in Fridley, Minnesota! This versatile multi-use building, conveniently zoned R3 Multi-Use Dwelling, houses three commercial rental units. Embrace the potential to own, occupy, or invest with a lucrative 10% cap rate. Alternatively, make this your business hub while renting out surplus units to optimize returns. The upper level exudes professionalism with a welcoming lobby, five private offices, a modern galley kitchen, restroom, conference room and storage. Downstairs, two rental units brim with amenities. The building boasts 3 bathrooms, including one on garden level with a shower. Recent upgrades include a 2018 full remodel, HVAC replacements in the last four years, and a plethora of new windows in 2023. Notably, the rear parking lot was renovated in 2020. Positioned on the bustling County Road 6/Mississippi Street NE, this high traffic location ensures excellent visibility for your business success!
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$434,900
Sold Price:
$435,000
Sold Date:
04/03/2024
Property Type:
Commercial
City:
Fridley
Garage Spaces:
0
County:
Anoka
Year Built:
1960
State:
MN
Property Style:
Office
Zip Code:
55432
Subdivision Name:
Rice Creek Plaza South Add
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
17
Air Conditioning:
Central Air
Foundation Size:
1,950 ft2
Foundation Dimensions:
66x34
Handicap Accessible:
Other
Heating System:
Forced Air
Parking Features:
Open
Road Frontage:
County Road
Exterior Material:
- Brick/Stone
- Metal Siding
- Wood Siding
Roof Details:
Rubber
Lot & Land
Acres:
0.16
Geolocation:
45.086387, -93.266588
Inclusions:
Building, Land, Leases
Lot Dimensions:
88 x 65
Zoning:
- Business/Commercial
- Residential-Multi-Family
Schools
School District:
14
District Phone:
763-502-5001
Expenses
Annual Insurance Expense:
$2,153
Annual Maintenance Expense:
$740
Financial & Taxes
Tax Year:
2022
Annual Taxes:
$6,524
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$6,524
Units
Total Units:
3
Miscellaneous
Current Use:
- Beauty/Barber Shop
- Office
- Other
- Professional Service
- Professional/Office
- Residential
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Separate
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Ferndale Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.