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Active
Listed
$845,000
/mo   Edit
MLS# 5568157
Commercial
Built 1937
0.3 acres
Minneapolis schools
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    Description:   Great returns. Solid Capitalization rate. The sale includes the parking lot next door. 13 car off-street parking. No maintenance needed. New furnace units, 4 bathrooms, security system, vending machines, 18 offices, central AC, 2 kitchens, meeting areas, break rooms, clean/dry, well maintained, well-secured office space with long term and solid tenant.
    List Price: $845,000
    Sold Date: 0000-00-00
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Property Style: Office
    Year Built: 1937
    Neighborhood/Area: Webber - Camden
    City: Minneapolis
    County: Hennepin
    State: MN
    Zip Code: 55412

    Interior

    Building Fin Sq Ft: 5,400 ft²
    Appliances Included: Dishwasher, Refrigerator
    Total Refrigerators: Three
    Basement Details: Walkout, Block

    Exterior

    Air Conditioning: Central Air
    Heating System: Forced Air
    Foundation Size: 6,165 ft²
    Road Frontage: City Street
    Handicap Accessible: None
    Exterior Material: Brick/Stone, Aluminum Siding
    Garage Spaces: 0
    Other Parking Spaces: 13
    Roof Details: Asphalt

    Lot

    Acres: 0.3
    Lot Description: Irregular Lot
    Latitude: 45.03177500
    Longitude: -93.28958800
    Lot Size Dim.: Irregular
    Dev/Complex Name: Wiethoffs Rgt
    Zoning: Business/Commercial

    Schools

    School District: 1
    District Phone: 612-668-0000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Repair Expense: None
    Annual Gross Expense: $11,765
    Total Annual Expenses: $11,765
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Owner Expenses: Taxes
    Tenant Expenses: Taxes, Insurance, Water, Electricity, Fuel, Repairs, Janitorial Service, Trash Collection, Snow Removal, Grounds Care, Other

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $11,765
    Assessment Pending: No
    Taxes w/ Assessments: $11,765

    Income

    Annual Gross Income: $86,750

    Rent

    Annual Net Income: $75,000

    Unit

    Total Units: 1

    Miscellaneous

    Current Use: Office, Professional Service
    Fuel System: Natural Gas
    Miscellaneous: Alarms
    Owner Occupied: No
    Sale Includes: Leases
    Sewer System: City Sewer/Connected
    Available Utilities: Heating Common, Hot Water Common
    Utilities: Heating Common, Hot Water Common
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Get to know our Home Mortgage Professionals

    Justin
    Larson
    Movement
    Jeff
    Zajac
    TruStone
    Jason
    Roaldson
    CrossCountry
    Justin Larson
    Loan Officer
    Movement Mortgage NMLS#1490922
    Justin, the "Mortgage Man", is a senior loan officer who works with one of the nation top mortgage companies, Movement Mortgage! Justin has a dedicate team to streamline the home loan process. As a Veteran of Operation Iraqi Freedom and Eagle Scout he has a "service to others" attitude that put him well above his peers in the mortgage industry. Honesty, trust and friendship through solid and open communication is how he has built his success in the industry. The American Dream of owning a home is one of the largest purchases of most people lives. It’s a long process that can be frustrating, scary, and really confusing. He experienced this when purchasing his first couple of homes and looking back he wished he had a friend that would take the time to educate him on the best options for him and his family. This is the driving force of why I got into this industry.
    320-296-9177

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    Listing provided by RMLS, courtesy of Gramercy Real Estate Group.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.