Property Listing No Longer Available for Sale

No Address, Princeton, MN

Retail for Sale - $450,000 - 7,500 Sq. Ft. on 2.45 acres


Property Info

CIMLS#315712
Location
  
  Princeton MN 55371
UpdatedJanuary 11th, 2012
TypeRetail
Price$450,000
Building7,500 Sq. Ft.
Land2.45 acres

Property Description

Size: 7,500 square feet. Lot area: 2.45 acres. R.E. Tax: $13,614

Steel Frame Construction, built in 2005.

Roof: Standing Seam. Four Separately Metered Electric Services.

Net Operating Income: $48,750

Pro Forma NOI: $52,125

This building is suitable for an Investor, as well as an owner/occupant. ABRA Auto & Glass and the Veterinary Clinic have longer-term leases and have finished interiors space. The clinic has invested over $270,000 in its own improvements, and along with ABRA is a very strong tenant. The rear 3,000 square foot bay has an unfinished interior, and is under a short-term lease, and could be occupied by a new owner. The vacant 750 SF bay abuts the Vet Clinic, and it is expected that it will accommodate their future expansion, but also has separate overhead and service doors.

PRICE: $450,000.00


Financials



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