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Key Details
Sold Price $430,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6559714
Sold Date 09/06/24
Year Built 2002
Annual Tax Amount $9,524
Tax Year 2024
Contingent None
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions Common
Property Description
Exceptional opportunity, a ranch-style office condo divided into two units, each with separate entries,
perfect for business owners looking to own their own space instead of renting. This setup not only offers independence but also the potential to subsidize mortgage payments through rental income. For investors, this property is a dream come true, boasting a potential cap rate of over 13% based on current market rents. Strategically located with effortless access to major highways and transportation hubs, it ensures convenience for tenants and maximum visibility for businesses. Whether you're looking to secure your business's future or expand your investment portfolio, this property promises both stability and significant returns. Don’t miss out on this prime opportunity – schedule your viewing today and take the next step towards owning a lucrative piece of real estate.
Location
State MN
County Dakota
Zoning Business/Commercial
Rooms
Basement Finished, Walkout
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Appliance None
Exterior
Garage Detached
Garage Spaces 1.0
Utilities Available Electric Separate, Heating Separate
Present Use Professional/Office,Office
Building
Foundation 1408
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone,Stucco
Schools
School District Burnsville-Eagan-Savage
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