For Sale: Prior Lake MLS# 6620829
Active
$2,200,000
Commercial: Business,Office,Retail
Built 1997
0.82 acres
Prior Lake-Savage Area Sch schools
MLS# 6620829
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Property Description
Great investment opportuniity to own commercial / retail office space on Corner of Couty Rds 13 and 42. Currently, 80% rented with 5 total units.2 other buildings also available in a 3 building package ($327, 000 gross annual rent - 3 acres)
Listing
Listing Status:
Active
Contingency:
None
List Price:
$2,200,000
Property Type:
Commercial
City:
Prior Lake
Garage Spaces:
0
County:
Scott
Year Built:
1997
State:
MN
Property Style:
Business, Office, Retail
Zip Code:
55372
Subdivision Name:
James 1st Add
Interior
Ceiling Height:
8-10
Exterior
Garage Spaces:
0
Other Parking Spaces:
18
Air Conditioning:
Central Air
Foundation Size:
9,340 ft2
Handicap Accessible:
No Stairs External, No Stairs Internal, Partially Wheelchair
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Parking Lot
Unit Amenities:
Security Lights
Road Frontage:
City Street
Exterior Material:
Block
Lot & Land
Acres:
0.82
Geolocation:
44.744135, -93.381283
Inclusions:
Building, Land
Lot Dimensions:
170 x 211
Zoning:
Business/Commercial
Lot Description:
Public Transit (w/in 6 blks)
Schools
School District:
719
District Phone:
952-226-0000
Expenses
Annual Gross Expense:
$50,000
Tenant Expenses:
Taxes
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$29,874
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$29,874
Income
Annual Gross Income:
$141,100
Rent
Annual Net Income:
$90,110
Units
Total Units:
6
Miscellaneous
Current Use:
- Office
- Other
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water 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 RE/MAX Advantage Plus.
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.