For Sale: Loretto MLS# 6481318
Active
$1,699,000
Commercial: Industrial/Warehouse
Built 1987
1.89 acres
Delano schools
MLS# 6481318
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Property Description
Check out this industrial investment opportunity! This building has in-place income, multiple tenants, 88% occupied with some room to continue to grow the NOI. It's nicely situated near downtown Loretto, MN with access to highway 55 and 19 and it's walking distance to multiple restaurants. See the brochure for more information. Financials are available upon request.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,699,000
Property Type:
Commercial
City:
Loretto
Garage Spaces:
4
County:
Hennepin
Year Built:
1987
State:
MN
Property Style:
Industrial/Warehouse
Zip Code:
55357
Subdivision Name:
Auditors Sub 232
Exterior
Garage Spaces:
4
Other Parking Spaces:
30
Foundation Size:
24,140 ft2
Handicap Accessible:
Partially Wheelchair, Wheelchair Ramp(s)
Heating System:
Forced Air
Parking Features:
Open
Exterior Material:
- Aluminum Siding
- Brick/Stone
- Metal Siding
- Wood Siding
Lot & Land
Acres:
1.89
Geolocation:
45.05528300, -93.63841200
Inclusions:
Building, Land, Leases
Lot Dimensions:
353 x 200
Zoning:
Industrial
Schools
School District:
879
District Phone:
763-972-3365
Expenses
Annual Gross Expense:
$99,742
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$27,358
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$27,358
Income
Annual Gross Income:
$192,041
Rent
Annual Net Income:
$106,471
Units
Total Units:
8
Miscellaneous
Current Use:
- Industrial
- Manufacturing
- Professional Service
- Storage Facility
Fuel System:
Natural Gas
Sewer System:
- City Sewer - In Street
- City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
Shared System
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
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This amortization schedule shows how much of your monthly payment will go towards the principle and how
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| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
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 Commercial Investors 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.