For Sale: Shoreview MLS# 6147378
Active
$2,500,000
Commercial: Office
Built 1979
2.19 acres
Mounds View schools
MLS# 6147378
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Property Description
Great opportunity to acquire a well-maintained commercial office building in prime Shoreview! Highly visible location just off Lexington Ave., with close proximity to highly populated residential areas, retail, and easy access to freeways. Plenty of parking with a private freshly re-paved parking lot, freshly updated lobby, brand new elevator, and so much more. This attractive building features over 28, 000 square ft. currently 100% occupied with a mix of long and short term tenants. Lots of new capital improvements in the past 24 months. Great Cash Flow.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$2,500,000
Property Type:
Commercial
City:
Shoreview
Garage Spaces:
0
County:
Ramsey
Year Built:
1979
State:
MN
Property Style:
Office
Zip Code:
55126
Subdivision Name:
Section 35 Town 30 Range 23
Exterior
Stories:
Three Or More
Garage Spaces:
0
Other Parking Spaces:
130
Foundation Size:
9,385 ft2
Handicap Accessible:
Accessible Elevator Installed
Heating System:
Other
Parking Features:
Paved
Road Frontage:
City Street
Exterior Material:
Brick/Stone
Lot & Land
Acres:
2.19
Geolocation:
45.04862021, -93.14590432
Inclusions:
Building, Land, Leases
Lot Dimensions:
0
Zoning:
Business/Commercial
Schools
School District:
621
District Phone:
651-621-6001
Expenses
Annual Insurance Expense:
$7,000
Annual Gross Expense:
$146,200
Tenant Expenses:
Other
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$52,408
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$52,408
Land Lease Amount:
0
Income
Annual Gross Income:
$331,200
Rent
Annual Net Income:
$185,000
Units
Total Units:
28
Miscellaneous
Current Use:
Office
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
None
Water System:
City Water/Connected
Mortgage Calculator
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of Monoceros Real Estate.
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.