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Contingent
$759,900
/mo   Edit
Commercial:  Apartments/Retail
Built 1920
0.12 acres
Jordan schools
MLS# 6005255
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    Description:   Historical DT Jordan....close to new Microbrewery, Wine Distillery, Pickled Pig and many other attractions and events in the area. Close to Mill Pond Beach/10 Parks. Restored 1920's Comm./Res. (7235 sq. ft.) bldg. with 3 LG. Commercial Storefront Units (4404 sq. ft.), 4 LG (1) Bdrm. Apts. w/full Baths & a 54x9 Storage Space; Newer roof, New windows throughout bldg. HW Heaters; Appliances, (6) Furnaces; all HW Flooring. Property is available to show weekends w/48 hr. notice. Commercial Showings Saturdays after closing 5/6 p.m. and Sundays , 11:30 a.m. to 2:30 p.m. or later. Do not enter Commercial spaces or disturb Commercial Tenants during business hrs. Apartment Showings: Saturdays or Sundays 11:30 a.m. to 2:30 p.m. If Weekday showings are required for Commercial it will only be AFTER closing hours; Apt. Tenants have different work/ sleep schedules during the week. Msmts. from Architect's Site Plan.
    List Price: $759,900
    Property Type: Commercial
    Listing Status: Contingent
    Contingency: Inspection
    Property Style: Apartments/Retail
    Year Built: 1920
    City: Jordan
    County: Scott
    State: MN
    Zip Code: 55352

    Interior

    Building Fin Sq Ft: 7,235 sqft
    Appliances Included: Range, Refrigerator, Gas Water Heater
    Total Ranges: Four
    Total Refrigerators: Four
    Basement Details: Partial, Crawl Space, Sump Pump, Brick/Mortar, Slab, Stone/Rock, Owner Access, Drainage System

    Exterior

    Air Conditioning: Central Air, Window Unit(s)
    Heating System: Forced Air, Other
    Foundation Size: 4,404 sqft
    Shared Amenities: Deck
    Unit Amenities: Hardwood Floors
    Road Frontage: City Street, County Road, Paved Streets, Curbs, Sidewalks, Street Lights, Storm Sewer, Other
    Handicap Accessible: Wheelchair Ramp(s), No Stairs External, Doors 36"+, Grab Bars In Bathroom, Partially Wheelchair, Roll Under Accessibility
    Exterior Material: Wood Siding, Brick/Stone
    Garage Spaces: 0
    Other Parking Spaces: 0
    Roof Details: Pitched, Flat, Age 8 Years or Less, Age Over 8 Years, Rubber

    Lot

    Acres: 0.12
    Lot Description: Corner Lot
    Latitude: 44.66609072
    Longitude: -93.62636957
    Lot Size Dim.: 56 X 94 X 56 x 95
    Dev/Complex Name: City Of Jordan
    Zoning: Business/Commercial

    Schools

    School District: 717
    District Phone: 952-492-6200

    Expenses

    Annual Insurance Expense: $1,971
    Annual Gross Expense: $13,866

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $6,613
    Assessment Pending: No
    Taxes w/ Assessments: $7,598

    Income

    Annual Gross Income: $78,288

    Rent

    Annual Net Income: $64,401

    Unit

    Total Units: 7

    Miscellaneous

    Current Use: Professional/Office, Retail
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities: Heating Separate, Heating Common, Electric Separate
    Water System: City Water/Connected

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    Local Home Mortgage Professionals

    Jeff
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    Truestone
    Justin
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    Movement
    Jeff Zajac
    Area Sales Manager
    Truestone Home Mortgage
    NMLS#373627
    Jeff Zajac joined the Truestone Home Mortgage 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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