For Sale: Isanti MLS# 6762388
Active
NEW!
$299,900
Commercial: 1 Story
Built 2004
0.03 acres
Cambridge-Isanti schools
MLS# 6762388
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Property Description
Exceptional Investment or Owner-User Opportunity – Rum River Business Condominiums (Units K & L).
Discover a rare opportunity to own two beautifully finished commercial units within the Rum River Business Condominiums. Units K & L are currently leased by three long-standing tenants operating within the same footprint and sharing well-appointed common areas including restrooms, a break room, copy center, conference room, and reception area. With flexible floor plans and a drive-through option on the end unit, the property presents excellent potential for reconfiguration into two fully separate spaces or continue to utilize as one 2, 464 square foot suite. Perfectly suited for investors and owner-users alike, the property boasts a strong cap rate of over 12% with existing tenants eager to remain. However, current lease agreements are structured to accommodate an owner-occupant if desired. Creative ownership structures are possible, and fractional ownership rights to common elements are detailed in the CIC documents. Recent upgrades include a new roof (2022) and new parking lot that was just completed in June 2025. This association-maintained property offers a hassle-free ownership experience, with dues covering all grounds maintenance, snow removal, trash, water/sewer, exterior electricity, building insurance, fire suppression system, and management services. NDA required and is available to qualified buyers.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$299,900
Property Type:
Commercial
City:
Isanti
Garage Spaces:
0
County:
Isanti
Year Built:
2004
State:
MN
Property Style:
1 Story
Zip Code:
55040
Subdivision Name:
Rum River Bus Condo, Cic#2005-5
Interior
Ceiling Height:
11-15
Refrigerators:
One
Appliances Included:
- Gas Water Heater
- Microwave
- Refrigerator
- Stainless Steel Appliances
Basement Details:
None
Exterior
Stories:
One
Garage Spaces:
0
Other Parking Spaces:
86
Air Conditioning:
Central Air
Foundation Size:
2,464 ft2
Handicap Accessible:
Doors 36"+, Fully Wheelchair, No Stairs External, No Stairs Internal
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Asphalt
- Parking Lot
- Paved
Shared Amenities:
- Fire Sprinkler System
- In-Ground Sprinkler System
Unit Amenities:
- French Doors
- Indoor Sprinklers
- Local Area Network
- Multiple Phone Lines
- Patio
- Security Lights
- Security System
- Walk-Up Attic
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
- Street Lights
Exterior Material:
Brick/Stone
Roof Details:
- Age 8 Years or Less
- Asphalt
- Pitched
Rooms
Shared Rooms:
Other
Lot & Land
Acres:
0.03
Geolocation:
45.493983, -93.257986
Inclusions:
Building, Leases
Lot Dimensions:
40 x 58
Zoning:
Business/Commercial
Lot Description:
Corner Lot
Farm
Topography:
Level
Schools
School District:
911
District Phone:
763-689-6188
Expenses
Tenant Expenses:
All Utilities
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$3,618
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,618
Units
Total Units:
2
Unit Number:
K & L
Miscellaneous
Current Use:
- Commercial
- Office
- Professional Service
- Professional/Office
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Century 21 Moline Realty Inc.
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.