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Active
$16
/mo Edit
Commercial:  Apartments/Retail
Built 2019
7.88 acres
South Washington County schools
MLS# 6444861
My rating:
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    Property Description

    Attention all entrepreneurs! Don't miss this incredible opportunity to lease retail space within a 200-unit multifamily residential complex! With a total rentable space of 4, 407 square feet, you have the option to lease each unit individually or combine them to create a larger space that suits your business needs. Unit 1 is a prime retail space with a newer build-out already in place, offering 903 square feet of retail space and a 58 square feet storage room. Units 2, 3 and 4 are available with a combined space of 3, 446 square feet and can be customized to your specific requirements. These amazing spaces are strategically located near Interstate 494 and Highway 10. The landlord will be responsible for CAM, while the tenant will be responsible for utilities and taxes. With immediate availability, don't wait any longer to secure your spot! Act now and take advantage of this incredible opportunity to establish your business in a thriving location!

    Listing

    Contingency: None
    City: Newport
    County: Washington
    State: MN
    Property Style: Apartments/Retail
    Zip Code: 55055
    Subdivision Name: Newport Commons

    Exterior

    Garage Spaces: 0
    Other Parking Spaces: 0
    Foundation Size: 2,849 ft2
    Handicap Accessible: No Stairs External, No Stairs Internal
    Heating System: Forced Air
    Parking Features:
    • Open
    • Paved
    Exterior Material:
    • Brick/Stone
    • Fiber Cement

    Lot & Land

    Acres: 7.88
    Geolocation: 44.882649, -93.000694
    Inclusions: Other
    Lot Dimensions: Irregular
    Zoning:
    • Business/Commercial
    • Residential-Multi-Family

    Schools

    School District: 833
    District Phone: 651-425-6300

    Expenses

    Tenant Expenses: All Utilities, Taxes

    Financial & Taxes

    Tax Year: 2023
    Annual Taxes: $313,646
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $313,646

    Units

    Total Units: 4
    Unit Number: 0001, 0002, 0003, 0004

    Miscellaneous

    Current Use: Retail
    Fuel System: Electric
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    Water System: City Water/Connected

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    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.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of Keller Williams Select Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.