For Sale: White Bear Lake MLS# 6636412
Active
$3,999,000
Commercial: Office
Built 1986
2.19 acres
White Bear Lake schools
MLS# 6636412
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Property Description
Wonderful opportunity to own a well constructed fully leased Medical Office building in White Bear Lake -Easy access and great visibility - 2 of the 3 tenants are National credit. Building structure is sound enough to build an third story to add more value and tenants. Great 1031 option.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$3,999,000
Property Type:
Commercial
City:
White Bear Lake
Garage Spaces:
0
County:
Ramsey
Year Built:
1986
State:
MN
Property Style:
Office
Zip Code:
55127
Subdivision Name:
Section 21 Town 30 Range 22
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
110
Air Conditioning:
Central Air
Foundation Size:
7,366 ft2
Handicap Accessible:
Fully Wheelchair
Heating System:
Forced Air
Parking Features:
Parking Lot
Exterior Material:
Brick/Stone
Roof Details:
- Age Over 8 Years
- Flat
Lot & Land
Acres:
2.19
Geolocation:
45.0784, -93.055513
Inclusions:
Building, Fixture/Equipment
Lot Dimensions:
Ir
Zoning:
Business/Commercial
Lot Description:
Irregular Lot
Schools
School District:
624
District Phone:
651-407-7500
Expenses
Annual Electric Expense:
$13,000
Annual Insurance Expense:
$9,400
Annual Maintenance Expense:
$23,400
Annual Gross Expense:
$146,630
Annual Trash Expense:
$3,600
Annual Water/Sewer Expense:
$4,500
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$81,496
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$81,496
Income
Annual Gross Income:
$383,424
Rent
Annual Net Income:
$236,794
Units
Total Units:
3
Miscellaneous
Current Use:
- Office
- Professional Service
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 Leader Real Estate Group, 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.