Sold: Fridley MLS# 5285463
Sold
$2,250,000 (list price)
$2,250,000
Commercial: Business Opportunity
Built 1986
2.65 acres
Spring Lake Park schools
MLS# 5285463
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Property Description
Fully leased, 7 Unit, w/long established tenants, 1 Owner strip mall on Highly
Visible University Ave. Call
Agent for extensive breakdown for lease information and expenses.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$2,250,000
Sold Price:
$2,250,000
Sold Date:
02/12/2021
Property Type:
Commercial
City:
Fridley
Garage Spaces:
0
County:
Anoka
Year Built:
1986
State:
MN
Property Style:
Business Opportunity
Zip Code:
55432
Subdivision Name:
East Ranch Estates 2nd Add
Exterior
Garage Spaces:
0
Other Parking Spaces:
120
Air Conditioning:
Central Air
Foundation Size:
27,000 ft2
Handicap Accessible:
No Stairs Internal, Other
Heating System:
Forced Air
Parking Features:
Open
Exterior Material:
Brick/Stone
Lot & Land
Acres:
2.65
Geolocation:
45.1108857426, -93.2654601391
Inclusions:
Building, Land, Leases
Lot Dimensions:
2.65
Zoning:
Business/Commercial
Lot Description:
Corner Lot
Schools
School District:
16
District Phone:
763-786-5570
Expenses
Annual Gross Expense:
$86,378
Tenant Expenses:
Fuel
Financial & Taxes
Tax Year:
2019
Annual Taxes:
$52,456
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$52,456
Land Lease Amount:
0
Income
Annual Gross Income:
$288,444
Rent
Annual Net Income:
$202,066
Units
Total Units:
10
Miscellaneous
Current Use:
- Beauty/Barber Shop
- Professional/Office
- Restaurant
- Retail
Fuel System:
- Electric
- Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water 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.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Realty Group LLC.
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.