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$3,999,222  (list price)
/mo   Edit
MLS# 5321748
Built 2005
3.444 acres
Owatonna schools
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    Description:   Maple Creek Retail Center, is a well-maintained, 100% leased - NNN, class B retail building located in the prime retail hub of growing Owatonna, Minnesota. The Four triple-net tenants in Maple Creek Retail Center include national tenants; Harbor Freight and Dollar Tree, regional tenant, Karl's TV and Appliance, and local tenant Sister's Salon & Day Spa. Maple Creek Retail Center is located between Walmart and Lowe's. Other new retailers in the area include Panda Express and a Mayo Clinic retail store. McDonald's recently rebuilt their restaurant right next-door. Kohl's department store is also located next to Maple Creek Retail Center. The Center is priced at an 8% Cap.
    List Price: $3,999,222
    Sold Price: $3,600,000
    Sold Date: 04/09/2020
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Sold
    Contingency: None
    Year Built: 2005
    City: Owatonna
    County: Steele
    State: MN
    Zip Code: 55060


    Building Fin Sq Ft: 37,746 ft²
    Basement Details: None


    Air Conditioning: Central
    Heating System: Forced Air
    Foundation Size: 37,746 ft²
    Shared Amenities: In-Ground Sprinkler System
    Handicap Accessible: Wheelchair Ramp, Grab Bars In Bathroom
    Exterior Material: Brick/Stone
    Garage Spaces: 0
    Other Parking Spaces: 186
    Roof Details: Rubber


    Acres: 3.444
    Latitude: 44.09758200
    Longitude: -93.25193500
    Lot Size Dim.: 394x381x394x370
    Dev/Complex Name: Wildung Add
    Zoning: Business/Commercial


    School District: 761 - Owatonna
    District Phone: 507-444-8610


    Tenant Expenses: Taxes, Insurance, Water/Sewer, Electric, Fuel, Maintenance/Repair, Janitorial, Trash, Snow, Lawn, Escalation, Broadband

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $125,716
    Assessment Pending: Unknown
    Taxes w/ Assessments: $125,716


    Annual Gross Income: $526,172


    Total Units: 4


    Current Use: Retail
    Fuel System: Natural Gas
    Miscellaneous: Loading Dock, Overhead Doors
    Owner Occupied: N
    Sale Includes: Leases, Building, Land
    Sewer System: City Sewer/Connected
    Utilities: Heating Separate, Electric Separate, Hot Water Separate
    Water System: City Water/Connected

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    Get to know our Home Mortgage Professionals

    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.

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    Listing provided by RMLS, courtesy of Coldwell Banker Realty.
    Disclaimer: The information contained in this listing has not been verified by and should be verified by the buyer.