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Active
Listed
$950,000
/mo   Edit
MLS# 5291377
Commercial
Built 2007
1.57 acres
Forest Lake schools
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    Description:   Great Business Opportunity to Own a thriving Liquor Business and the Condo Unit it is in Plus Two other Condo Units with Beauty Salon and Pizza Sales Long Term Tenants in Place. Own all 3 plus Liquor Business or Seller May consider selling them individually. All Solid Businesses in a Very Good Location with heavy traffic out front.
    List Price: $950,000
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Year Built: 2007
    City: Forest Lake
    Zip Code: 55025

    Interior

    Building Fin Sq Ft: 5,492 ft²

    Exterior

    Air Conditioning: Central
    Heating System: Forced Air
    Foundation Size: 6,952 ft²
    Shared Amenities: Security Building, Other
    Handicap Accessible: No Stairs Internal, No Stairs External, Doors 36"+, Grab Bars In Bathroom, Other, Hallways 42"+
    Exterior Material: Brick/Stone
    Garage Spaces: 0
    Other Parking Spaces: 30

    Lot

    Acres: 1.57
    Latitude: 45.25097600
    Longitude: -93.00852100
    Lot Size Dim.: 400 x 300
    Dev/Complex Name: Springbrook Plaza Condo
    Zoning: Business/Commercial

    Schools

    School District: 831 - Forest Lake
    District Phone: 651-982-8103

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $7,200
    Annual Fuel Expense: $2,400
    Annual Insurance Expense: $3,960
    Annual Maintenance Expense: $500
    Annual Repair Expense: $1,000
    Annual Gross Expense: $41,736
    Total Annual Expenses: $62,500
    Annual Trash Expense: $4,500
    Annual Water/Sewer Expense: $5,760
    Tenant Expenses: Electric, Fuel, Insurance, Other

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $19,116
    Assessment Pending: No
    Taxes w/ Assessments: $19,116

    Income

    Annual Gross Income: 1062592.00

    Rent

    Annual Net Income: $102,085

    Unit

    Total Units: 3
    Unit Number: 2, 3, 4

    Miscellaneous

    Current Use: Beauty/Barber Shop, Food Service, Retail, Professional Service
    Fuel System: Natural Gas
    Owner Occupied: Y
    Sale Includes: Business, Liquor License, Building, Land, Fixture/Equipment, Leases, Other
    Sewer System: City Sewer/Connected
    Utilities: Heating Separate, Electric Separate, Hot Water Separate
    Water System: City Water/Connected

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    Listing provided by RMLS, courtesy of Red Key Realty