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Active
Listed
$2,200,000
/mo   Edit
MLS# 5285463
Commercial
Built 1986
2.65 acres
Spring Lake Park schools
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    Description:   Fully leased, 7 Unit, w/long established tenants, 1 Owner strip mall on Highly Visible University Ave. Call Agent for extensive breakdown for lease information and expenses.
    List Price: $2,200,000
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Year Built: 1986
    City: Fridley
    Zip Code: 55432

    Interior

    Building Fin Sq Ft: 27,000 ft²

    Exterior

    Air Conditioning: Central
    Heating System: Forced Air
    Foundation Size: 27,000 ft²
    Handicap Accessible: No Stairs Internal, Other
    Exterior Material: Brick/Stone
    Garage Spaces: 0
    Other Parking Spaces: 120

    Lot

    Acres: 2.65
    Lot Description: Corner Lot
    Latitude: 45.11088600
    Longitude: -93.26546000
    Lot Size Dim.: 2.65
    Dev/Complex Name: East Ranch Estates 2nd Add
    Zoning: Business/Commercial

    Schools

    School District: 16 - Spring Lake Park
    District Phone: 763-786-5570

    Expenses

    Annual Gross Expense: $86,378
    Tenant Expenses: Fuel

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $52,456
    Assessment Pending: Unknown
    Taxes w/ Assessments: $52,456

    Income

    Annual Gross Income: 288444.00

    Rent

    Annual Net Income: $202,066

    Unit

    Total Units: 10

    Miscellaneous

    Current Use: Beauty/Barber Shop, Restaurant, Business Service, Retail
    Fuel System: Natural Gas, Electric
    Sale Includes: Building, Land, Leases
    Sewer System: City Sewer/Connected
    Utilities: Heating Separate, Electric Separate, Hot Water Separate
    Water System: City Water/Connected

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    Jeff Zajac
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    Jeff Zajac joined the Mortgage Lending Services team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.
    763-270-4336

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    Listing provided by RMLS, courtesy of Realty Group, Inc.-Coon Rapids