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Active
$576,000
/mo Edit
Commercial:  Business,Office,Retail
Built 1980
0.26 acres
Glencoe-Silver Lake schools
MLS# 6522432
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    Property Description

    Take a look at this 8000+ square foot building. This property is located in downtown Glencoe along State Highway 22. The property is currently 2 units. Any retail or service business would be a perfect fit for this property. The building was built in 1980 and is a concrete building, with a dock in the rear of the building. There is on street parking and about 5 stalls of off-street parking in the back. This property will have a new roof installed as part of the sale. Great property!!!

    Listing

    Contingency: None
    City: Glencoe
    County: McLeod
    State: MN
    Property Style: Business, Office, Retail
    Zip Code: 55336
    Subdivision Name: Town Of Franklin

    Interior

    Ceiling Height: 8-10
    Basement Details: Slab

    Exterior

    Stories: One
    Garage Spaces: 0
    Other Parking Spaces: 5
    Air Conditioning: Central Air
    Foundation Size: 8,229 ft2
    Foundation Dimensions: 85x97
    Handicap Accessible: Grab Bars In Bathroom, No Stairs Internal
    Road Responsibility: Public Maintained Road
    Heating System:
    • Forced Air
    • Outdoor Furnace
    Parking Features:
    • Gravel
    • Other
    • Parking Lot
    Shared Amenities: Dock
    Unit Amenities: Dock
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    • State Road
    • Storm Sewer
    • Street Lights
    Exterior Material:
    • Block
    • Brick/Stone
    Roof Details:
    • Age 8 Years or Less
    • Flat
    • Rubber

    Lot & Land

    Acres: 0.26
    Geolocation: 44.768769, -94.152431
    Inclusions: Building
    Lot Dimensions: 86 x 132
    Zoning: Business/Commercial
    Lot Description: Irregular Lot

    Farm

    Topography: Level

    Schools

    School District: 2859
    District Phone: 320-864-2498

    Expenses

    Annual Caretaker Expense: $2,245
    Annual Insurance Expense: $1,524
    Annual Gross Expense: $25,503
    Tenant Expenses: Electricity

    Financial & Taxes

    Tax Year: 2023
    Annual Taxes: $10,256
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $10,256

    Income

    Annual Gross Income: $31,200

    Rent

    Annual Net Income: $5,697

    Units

    Total Units: 2

    Miscellaneous

    Current Use:
    • Commercial
    • Office
    • Professional Service
    • Professional/Office
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Common
    Water System: City Water/Connected

    Mortgage Calculator

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    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 Priority One-Metrowest Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.