For Sale: Prior Lake MLS# 6620829
Active
$1,900,000
Commercial: Other
Built 1997
0.82 acres
Prior Lake-Savage Area Sch schools
MLS# 6620829
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Property Description
Great investment opportuniity to own commercial / retail office space on Corner of Couty Rds 13 and 42. Currently, 80% rented with 5 total units.2 other buildings also available in a 3 building package ($327, 000 gross annual rent - 3 acres)
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,900,000
Property Type:
Commercial
City:
Prior Lake
Garage Spaces:
0
County:
Scott
Year Built:
1997
State:
MN
Property Style:
Other
Zip Code:
55372
Subdivision Name:
James 1st Add
Interior
Ceiling Height:
8-10
Exterior
Garage Spaces:
0
Other Parking Spaces:
18
Air Conditioning:
Central Air
Foundation Size:
9,340 ft2
Handicap Accessible:
No Stairs External, No Stairs Internal, Partially Wheelchair
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Parking Lot
Unit Amenities:
Security Lights
Road Frontage:
City Street
Exterior Material:
Block
Lot & Land
Acres:
0.82
Geolocation:
44.744135, -93.381283
Inclusions:
Building, Land
Lot Dimensions:
170 x 211
Zoning:
Business/Commercial
Lot Description:
Public Transit (w/in 6 blks)
Schools
School District:
719
District Phone:
952-226-0000
Expenses
Annual Gross Expense:
$50,000
Tenant Expenses:
Taxes
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$29,874
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$29,874
Income
Annual Gross Income:
$141,100
Rent
Annual Net Income:
$90,110
Units
Total Units:
6
Miscellaneous
Current Use:
- Office
- Other
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX Advantage Plus.
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.