For Sale: Minnetonka MLS# 6620250
Active
$1,775,000
Commercial: Retail,Warehouse
Built 1962
1.03 acres
Hopkins schools
MLS# 6620250
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Property Description
Investment property with long term tenants (Hot-Tubs/Pools 24 years and Karate School 42 years). Includes a Vacant 3, 000 Sq. Ft. steel and block unheated garage. Great place for Investor to keep toys. Also, vacant is an 1500 Sq. Ft. office (or studio apartment) on 2nd floor. Great demographic neighborhood between Hopkins and Glen Lake. Current leases are 3 to 5 years. Nice curb appeal with brick and granite facade.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,775,000
Property Type:
Commercial
City:
Minnetonka
Garage Spaces:
8
County:
Hennepin
Year Built:
1962
State:
MN
Property Style:
Retail, Warehouse
Zip Code:
55343
Interior
Ceiling Height:
16-20
Basement Details:
None
Exterior
Garage Spaces:
8
Garage Dimensions:
60x40
Garage Size:
3,000 ft2
Garage Door Height:
10
Other Parking Spaces:
0
Foundation Size:
14,736 ft2
Handicap Accessible:
Doors 36"+, Grab Bars In Bathroom, Partially Wheelchair
Heating System:
Forced Air
Parking Features:
- Asphalt
- Attached Garage
- Gravel
- Parking Garage
- Paved
Road Frontage:
- County Road
- Paved Streets
- Street Lights
Exterior Material:
- Block
- Brick Veneer
- Metal Siding
Roof Details:
Age Over 8 Years
Lot & Land
Acres:
1.03
Geolocation:
44.91732, -93.446616
Inclusions:
Building, Fixture/Equipment, Land, Leases
Lot Dimensions:
4487
Zoning:
Business/Commercial
Farm
Topography:
Gently Rolling
Schools
School District:
270
District Phone:
952-988-4000
Expenses
Annual Gross Expense:
$63,000
Tenant Expenses:
Electricity, Escalation, Fuel, Insurance, Janitorial Service, Grounds Care, Repairs, Sewer, Snow Removal, Taxes, Trash Collection
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$38,967
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$38,967
Income
Annual Gross Income:
$168,000
Units
Total Units:
3
Miscellaneous
Current Use:
- Commercial
- Office
- Retail
- Storage Facility
- Warehouse
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Heating Separate
Water System:
City Water/Connected
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of Edina Realty, Inc..
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.