Check out this industrial investment opportunity! This building has in-place income, multiple tenants, 88% occupied with some room to continue to grow the NOI. It's nicely situated near downtown Loretto, MN with access to highway 55 and 19 and it's walking distance to multiple restaurants. See the brochure for more information. Financials are available upon request.
MLS ID: 6481318
Directions: West on Hwy 55, south on Hwy 19, west on St. Peter St and drive to property
MLS #: 6481318
Listing courtesy of: Commercial Investors Group LLC
Price: $1,699,000
Type: Commercial
Contingency: None
Foreclosure: No
Zoning: Industrial
Current Use: Industrial, Manufacturing, Professional Service, Storage Facility
Total Units: 8
Annual Gross Income: $192,041
Net Operating Income: $106,471
Annual Gross Expense: $99,742
Parking Features: Open
Garage Spaces: 4
Other Parking Spaces: 30
Construction Materials: Aluminum Siding, Brick/Stone, Metal Siding, Wood Siding
AccessibilityFeatures: Partially Wheelchair, Wheelchair Ramp(s)
Heating: Forced Air
Style: Industrial
Year Built: 1987
Foundation Area: 24,140
Sewer: City Sewer/Connected, City Sewer - In Street
Water Source: Shared System
Utilities: Electric Common, Heating Common, Hot Water Common
Complex/Dev/Sub Name: Auditors Sub 232
Lot Dimensions: 353x200
District: Delano
District Number: 879
District Phone: 763-972-3365
County: Hennepin
Survey Range: 23
Survey Section: 06
Survey Township: 118
Tax Year: 2023
Tax Amount: $27,358
Assessment Pending: No
Taxes w/Assessments: $27,358
This listing was last updated by Commercial Investors Group LLC on 2/6/2024 at 4:47 pm.
Information is deemed to be reliable, but is not guaranteed. Such information cannot be duplicated or distributed in any manner without the express written consent of the owning association. Data is deemed reliable but not guaranteed.
Records last updated at 6/2/2024 5:45 pm.
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The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Castle Realty of Twin Cities are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
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