Sold: Delano MLS# 4974664
Sold
$1,175,000 (list price)
$1,128,000
Commercial: Retail/Shopping Center
Built 2014
0.68 acres
Delano schools
MLS# 4974664
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Property Description
Fully Leased with two strong credit business tenants. Top Wireless franchise for 5 years and 3rd location for established Optometrist Eye Care 7 year lease. NNN Leases Great for 1031 Exchng. Priced as a 6 CAP w/COL adjustments. Built in 2014, great Hwy 12 Visibility across from new C-Store and next to Hardware and newer hotel. Built well w/ Hi efficient HVAC and White TPO newer roof and ample parking. Traffic counts over 18, 000 VPD in a city with great growth potential.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$1,175,000
Sold Price:
$1,128,000
Sold Date:
01/20/2021
Property Type:
Commercial
City:
Delano
Garage Spaces:
1
County:
Wright
Year Built:
2014
State:
MN
Property Style:
Retail/Shopping Center
Zip Code:
55328
Interior
Finished Building Area:
4,000 ft2
Basement Details:
None
Exterior
Garage Spaces:
1
Garage Dimensions:
25x10
Garage Size:
250 ft2
Garage Door Width:
10
Other Parking Spaces:
50
Air Conditioning:
Central Air
Foundation Size:
4,000 ft2
Handicap Accessible:
No Stairs Internal, No Stairs External, Doors 36"+, Hallways 42"+, Door Lever Handles, Grab Bars In Bathroom
Heating System:
Forced Air
Parking Features:
- Asphalt
- Attached Garage
- Covered
- Heated Garage
- Shared Driveway
Shared Amenities:
Concrete Floors & Walls
Road Frontage:
- City Street
- Curbs
- Paved Streets
- State Road
Exterior Material:
Brick/Stone
Roof Details:
- Age 8 Years or Less
- Flat
- Other
- Rubber
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.68
Geolocation:
45.0361267342, -93.7725223965
Inclusions:
Building, Leases, Other
Lot Dimensions:
250 x 118
Zoning:
Business/Commercial
Lot Description:
- Tree Coverage - Light
- Zero Lot Line
Schools
School District:
879
District Phone:
763-972-3365
Expenses
Tenant Expenses:
Taxes, Insurance, Water, Electricity, Fuel, Repairs, Janitorial Service, Trash Collection, Snow Removal, Grounds Care, Escalation, Other
Financial & Taxes
Tax Year:
2019
Annual Taxes:
$18,000
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$18,000
Land Lease Amount:
0
Income
Total Annual Rent 1:
$60,000
Rent
Annual Rent:
$60,000
Units
Total Units:
2
Miscellaneous
Current Use:
- Commercial
- Professional/Office
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Available Utilities:
Heating Separate
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
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Listing provided by RMLS,
courtesy of Edina Realty, Inc..
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.