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    554 3rd Street NW

    Elk River, MN 55330
    • $795,000
    • STATUS: Active
    • ON SITE: 217 days
    • ID#: 5487284
    UPDATED: 49 min ago
    $795,000
    • 0
      BEDS
    • 0.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,792
      SQFT
    • $81
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1961
    County:
    Area:

    School Ratings & Info

    School District:
    Listing courtesy of Summerhill Commercial Real.

    Description

    6,528 SF above ground, 9,792 SF including lower level. Approximately $68,000 in place NOI/8.6% Cap Rate. (3) lower level suites available at $300 each creating potential fully occupied Cap Rate of 9.9%. C-1 Central Commercial District zoning. Great multi-tenant office building investment opportunity. Excellent downtown Elk River location. Seller is replacing the main roof, and all the asphalt shingled mansard roof spring 2020. Two above ground levels, and one lower level. Common areas include 2 stairwells, elevator, and 6 restrooms. Well maintained building with brick front, architectural mansard roof, and arched window openings. Well maintained HVAC. The parking lot is in good shape, and has ample parking with approximately 32 spots. On street parking available as well. Building signage included for tenants.

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    IDX data © 2020 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Happy Clients Realty Advisors | Keller Williams Integrity Lakes are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Happy Clients Realty Advisors | Keller Williams Integrity Lakes is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Happy Clients Realty Advisors | Keller Williams Integrity Lakes, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2020-09-23T14:10:49.897.

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    www.happyclientsrealty.com/homes/103334341
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    554 3rd Street NW Elk River, MN 55330

    • Price: $795,000
    • Status: Active
    • Updated: 49 min ago
    • ID#: 5487284
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.33
    Acres
    9,792
    SQFT
    $81
    $/SQFT
    1961
    Built
    Neighborhood:
    Village Elk River
    County:
    Sherburne
    Area:
    ELK RIVER
    School District:
    728 - Elk River
    Property Description
    6,528 SF above ground, 9,792 SF including lower level. Approximately $68,000 in place NOI/8.6% Cap Rate. (3) lower level suites available at $300 each creating potential fully occupied Cap Rate of 9.9%. C-1 Central Commercial District zoning. Great multi-tenant office building investment opportunity. Excellent downtown Elk River location. Seller is replacing the main roof, and all the asphalt shingled mansard roof spring 2020. Two above ground levels, and one lower level. Common areas include 2 stairwells, elevator, and 6 restrooms. Well maintained building with brick front, architectural mansard roof, and arched window openings. Well maintained HVAC. The parking lot is in good shape, and has ample parking with approximately 32 spots. On street parking available as well. Building signage included for tenants.
    Exterior Features

    Construction Materials Brick/StoneBlock Foundation Area 3264 Lot Size Dimensions 109' X 132' Parking Features Open Parking Open 32 Waterfront YN No

    Interior Features

    Heating Forced Air

    Property Features

    Accessibility Features Accessible Elevator InstalledOther Additional Parcels YN No Contingency None Current Use Professional/OfficeProfessional Service Foreclosure Status No Fuel Natural Gas Inclusions BuildingLandLeasesOther Lender Owned No Postal City Elk River Potential Short Sale No Property Sub Type Office School District Number 728 Sewer City Sewer/Connected Tax Annual Amount 16186 Tax With Assessments 16186.00 Tax Year 2020 Water Source City Water/Connected Zoning Description Business/Commercial

    © 2020 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
    Listing courtesy of Summerhill Commercial Real. This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.


    IDX data © 2020 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Happy Clients Realty Advisors | Keller Williams Integrity Lakes are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Happy Clients Realty Advisors | Keller Williams Integrity Lakes is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Happy Clients Realty Advisors | Keller Williams Integrity Lakes, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2020-09-23T14:10:49.897.

    Click here for Digital Millennium Copyright Act
     
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    Happy Clients Realty Advisors | Keller Williams Integrity Lakes
    1350 Lagoon Ave. #900
    Minneapolis MN, 55408
    Listing courtesy of Summerhill Commercial Real.