$599,900

2535 Condon CourtMendota Heights, MN 55120

Type: Commercial

1977 Year Built

Description

Great opportunity for an investor. 7.0+% Cap Rate on this Double Net Leased Property. This large lot at a cul-de-sac is a commercial building that is 100% occupied by the Bridge Autism Clinic who operates during daily normal business hours. They have more than 3 years left on their lease with annual increases. Tenant pays for all operating expenses except Taxes and Insurance. Has had many upgrades within the past few years. Great Unique Investment Opportunity!

MLS ID: 6432139

Directions: DODD RD TO MENDOTA RD-SO.ON CONDON COURT

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Property Details

Essential Details

MLS #: 6432139

Listing courtesy of: Blackbridge Real Estate

Price: $599,900

Type: Commercial

Contingency: None

Foreclosure: No

Zoning: Business/Commercial

Current Use: Commercial, Office, Other, Residential

Total Units: 1

Annual Gross Income: $59,535

Net Operating Income: $47,733

Operating Expense: $10,802

Annual Gross Expense: $11,802

Annual Insurance Expense: $870

Tenant Pays: All Utilities

Parking Features: Concrete, Parking Lot

Other Parking Spaces: 4

Building Details

Owner Occupied: No

Construction Materials: Wood Siding

AccessibilityFeatures: None

Heating: Forced Air

Cooling: Central Air

Style: Office

Year Built: 1977

Foundation Area: 1,962

Sewer: City Sewer - In Street, Mound Septic, Septic System Compliant - Yes

Water Source: Well

Utilities: Electric Separate, Heating Separate, Hot Water Separate

Lot Details

Lot Dimensions: 20x12x92x143x113x141

School Information

District: West St. Paul-Mendota Hts.-Eagan

District Number: 197

District Phone: 651-403-7002

Community Information

County: Dakota

Survey Range: 23

Survey Section: 35

Survey Township: 28

Taxes

Tax Year: 2023

Tax Amount: $3,582

Assessment Pending: Unknown

Taxes w/Assessments: $3,582

This listing was last updated by Blackbridge Real Estate on 4/25/2024 at 3:54 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 5/3/2024 11:25 pm.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity^SM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Castle Realty of Rochester are marked with the Broker Reciprocity^SM logo or the Broker Reciprocity^SM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

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