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Active
Listed
$950,000
/mo   Edit
MLS# 5291377
Commercial
Built 2007
1.57 acres
Forest Lake schools
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    Description:   Great Business Opportunity to Own a thriving Liquor Business and the Condo Unit it is in Plus Two other Condo Units with Beauty Salon and Pizza Sales Long Term Tenants in Place. Own all 3 plus Liquor Business or Seller May consider selling them individually. All Solid Businesses in a Very Good Location with heavy traffic out front.
    List Price: $950,000
    Sold Date: 0000-00-00
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Property Style: Business Opportunity
    Year Built: 2007
    City: Forest Lake
    County: Washington
    State: MN
    Zip Code: 55025

    Interior

    Building Fin Sq Ft: 5,492 ft²

    Exterior

    Air Conditioning: Central Air
    Heating System: Forced Air
    Foundation Size: 6,952 ft²
    Shared Amenities: Security, Other
    Handicap Accessible: No Stairs Internal, No Stairs External, Doors 36"+, Grab Bars In Bathroom, Other, Hallways 42"+
    Exterior Material: Brick/Stone
    Garage Spaces: 0
    Other Parking Spaces: 30

    Lot

    Acres: 1.57
    Latitude: 45.25097625
    Longitude: -93.00852098
    Lot Size Dim.: 400 x 300
    Dev/Complex Name: Springbrook Plaza Condo
    Zoning: Business/Commercial

    Schools

    School District: 831
    District Phone: 651-982-8103

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $7,200
    Annual Fuel Expense: $2,400
    Annual Insurance Expense: $3,960
    Annual Maintenance Expense: $500
    Annual Repair Expense: $1,000
    Annual Gross Expense: $41,736
    Total Annual Expenses: $62,500
    Annual Trash Expense: $4,500
    Annual Water/Sewer Expense: $5,760
    Tenant Expenses: Electricity, Fuel, Insurance, Other

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $19,116
    Assessment Pending: No
    Taxes w/ Assessments: $19,116

    Income

    Annual Gross Income: $1,062,592

    Rent

    Annual Net Income: $102,085

    Unit

    Total Units: 3
    Unit Number: 2, 3, 4

    Miscellaneous

    Current Use: Beauty/Barber Shop, Food Service, Retail, Professional Service
    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sale Includes: Business, Liquor License, Building, Land, Fixture/Equipment, Leases, Other
    Sewer System: City Sewer/Connected
    Available Utilities: Heating Separate, Electric Separate, Hot Water Separate
    Utilities: Heating Separate, Electric Separate, Hot Water Separate
    Water System: City Water/Connected

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    Get to know our Home Mortgage Professionals

    Justin
    Larson
    Movement
    Jeff
    Zajac
    TruStone
    Jason
    Roaldson
    CrossCountry
    Justin Larson
    Loan Officer
    Movement Mortgage NMLS#1490922
    Justin, the "Mortgage Man", is a senior loan officer who works with one of the nation top mortgage companies, Movement Mortgage! Justin has a dedicate team to streamline the home loan process. As a Veteran of Operation Iraqi Freedom and Eagle Scout he has a "service to others" attitude that put him well above his peers in the mortgage industry. Honesty, trust and friendship through solid and open communication is how he has built his success in the industry. The American Dream of owning a home is one of the largest purchases of most people lives. It’s a long process that can be frustrating, scary, and really confusing. He experienced this when purchasing his first couple of homes and looking back he wished he had a friend that would take the time to educate him on the best options for him and his family. This is the driving force of why I got into this industry.
    320-296-9177

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    Listing provided by RMLS, courtesy of Red Key Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.