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Active
Listed
$499,900
/mo   Edit
MLS# 5643697
Commercial
Built 1982
0.64 acres
Owatonna schools
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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.
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