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:
45.0486202068, -93.1459043236
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
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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.