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Call (763) 576-8286 for assistance
Call (763) 576-8286 for assistance
592 Adams Avenue NW Owatonna
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Description: Fully Occupied and ready for new ownership! This building has 4 spacious units each featuring 4 bedrooms, 1 bathroom, living room, lots of storage. In addition, there are 5 separate office spaces, conference room, common restrooms, commercial kitchen, laundry room, and utility room. This space has so much potential to continue as a rental or expand as a business opportunity.
List Price:
$499,900
Sold Date:
0000-00-00
Price/sq ft:
None
Property Type:
Commercial
Listing Status:
Active
Contingency:
None
Year Built:
1982
City:
Owatonna
County:
Steele
State:
MN
Zip Code:
55060
Interior
Building Fin Sq Ft:
6,660 ft²
Total Ranges:
Five
Total Refrigerators:
Four
Exterior
Air Conditioning:
Window
Heating System:
Baseboard
Foundation Size:
6,660 ft²
Shared Amenities:
Patio
Unit Amenities:
Patio, Ceiling Fan(s)
Handicap Accessible:
No Stairs Internal, No Stairs External, Roll-In Shower, Grab Bars In Bathroom
Exterior Material:
Wood
Garage Spaces:
1
Other Parking Spaces:
8
Roof Details:
Asphalt Shingles
Lot
Acres:
0.64
Latitude:
44.09131400
Longitude:
-93.23511800
Lot Size Dim.:
199x141
Dev/Complex Name:
Alden
Zoning:
Business/Commercial
Schools
School District:
761 - Owatonna
District Phone:
507-444-8610
Expenses
Annual Electric Expense:
$5,300
Annual Fuel Expense:
$2,250
Annual Insurance Expense:
$3,360
Annual Maintenance Expense:
$5,300
Annual Repair Expense:
$2,400
Annual Gross Expense:
$29,204
Total Annual Expenses:
$29,204
Annual Trash Expense:
$1,200
Annual Water/Sewer Expense:
$2,000
Owner Expenses:
Taxes, Insurance, Water/Sewer, Electric, Fuel, Maintenance/Repair, Janitorial, Trash, Snow, Lawn
Tenant Expenses:
Cable T.V.
Financial & Taxes
Tax Year:
2020
Annual Taxes:
$8,552
Assessment Pending:
No
Taxes w/ Assessments:
$8,552
Income
Annual Gross Income:
$72,000
Unit
Total Units:
4
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
N
Sale Includes:
Building
Sewer System:
City Sewer/Connected
Utilities:
Heating Common, Electric Common, Hot Water Common
Water System:
City Water/Connected
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Get to know our Home Mortgage Professionals
Jason
Roaldson
CrossCountry
Justin
Larson
Movement
Jeff
Zajac
TruStone
Jason Roaldson
Premier Loan Officer
CrossCountry Mortgage NMLS#308253
My goal is to be fair and accurate with anyone who trusts me to handle their financing. I believe that trust is the most important ingredient in the relationship between my client and me, which is why I focus on transparency with my clients so they understand from where all of the numbers in their transactions are derived. When trust is high and stress is low, purchases close on time.
My Promise to you is we close on time, every time. We have open communication throughout the process, and I am accountable in all that I do. I am committed to serving you, I am committed to excellence, and I am committed to your 100% satisfaction.
I am a 20 year veteran in the financing industry and have worked in every segment of the mortgage industry including banking, brokering, and correspondent lending. I have been fortunate to be a multi-year recipient of the Super Mortgage Professional designation given by the Twin Cities Business Magazine, the Minneapolis/St. Paul Magazine, and the Minnesota Monthly Magazine which are professional publications in my market.
612.268.1503
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Listing provided by RMLS,
courtesy of Coldwell Banker Home Connectio.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.