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Active
Listed
$3,999,222
/mo   Edit
MLS# 5321748
Commercial
Built 2005
3.444 acres
Owatonna schools
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    Description:   Maple Creek Retail Center, is a well-maintained, 100% leased - NNN, class B retail building located in the prime retail hub of growing Owatonna, Minnesota. The Four triple-net tenants in Maple Creek Retail Center include national tenants; Harbor Freight and Dollar Tree, regional tenant, Karl's TV and Appliance, and local tenant Three Sisters Salon. Maple Creek Retail Center is located between Walmart and Lowe's. Other new retailers in the area include Panda Express and a Mayo Clinic retail store. McDonald's recently rebuilt their restaurant right next-door. Kohl's department store is also located next to Maple Creek Retail Center. The Center is priced at an 8% Cap.
    List Price: $3,999,222
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Year Built: 2005
    City: Owatonna
    Zip Code: 55060

    Interior

    Building Fin Sq Ft: 37,746 ft²
    Basement Details: None

    Exterior

    Air Conditioning: Central
    Heating System: Forced Air
    Foundation Size: 37,746 ft²
    Shared Amenities: In-Ground Sprinkler System
    Handicap Accessible: Wheelchair Ramp, Grab Bars In Bathroom
    Exterior Material: Brick/Stone
    Garage Spaces: 0
    Other Parking Spaces: 186
    Roof Details: Rubber

    Lot

    Acres: 3.444
    Latitude: 44.09758200
    Longitude: -93.25193500
    Lot Size Dim.: 394x381x394x370
    Dev/Complex Name: Wildung Add
    Zoning: Business/Commercial

    Schools

    School District: 761 - Owatonna
    District Phone: 507-444-8610

    Expenses

    Tenant Expenses: Taxes, Insurance, Water/Sewer, Electric, Fuel, Maintenance/Repair, Janitorial, Trash, Snow, Lawn, Escalation, Broadband

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $125,716
    Assessment Pending: Unknown
    Taxes w/ Assessments: $125,716

    Income

    Annual Gross Income: 526172.00

    Unit

    Total Units: 4

    Miscellaneous

    Current Use: Retail
    Fuel System: Natural Gas
    Miscellaneous: Loading Dock, Overhead Doors
    Owner Occupied: N
    Sale Includes: Leases, Building, Land
    Sewer System: City Sewer/Connected
    Utilities: Heating Separate, Electric Separate, Hot Water Separate
    Water System: City Water/Connected

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    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.
    763-270-4336

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