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Active NEW!
$305,000
/mo Edit
Commercial:  Office
Built 1901
0.09 acres
New Prague Area schools
MLS# 6638725
My rating:
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    Property Description

    Building currently bringing in $3050/month in rent. Seller is motivated and selling as-is. Full dry basement with electricity and lights on! Mainstreet NEW PRAGUE is a highly successful area. A new indoor gun range will be opening in March 2025 just a block over. The new POPS outdoor performance stage will be up and running a block away in the near future. Two apartment complexes have been approved to be built in the city of New Prague also. Motivated seller makes this a phenomenal buy right now! Schedule your showing today!

    Listing

    Contingency: None
    City: New Prague
    County: Scott
    State: MN
    Property Style: Office
    Zip Code: 56071

    Interior

    Ceiling Height: 11-15
    Refrigerators: One
    Appliances Included:
    • Microwave
    • Refrigerator
    Basement Details:
    • Full
    • Unfinished

    Exterior

    Stories: One
    Garage Spaces: 0
    Garage Dimensions: 0
    Other Parking Spaces: 20
    Air Conditioning: Central Air
    Foundation Size: 3,588 ft2
    Handicap Accessible: Fully Wheelchair
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Other
    • Paved
    Road Frontage: City Street
    Exterior Material: Block
    Roof Details: Age Over 8 Years

    Lot & Land

    Acres: 0.09
    Geolocation: 44.54382, -93.577988
    Inclusions: Building, Leases
    Lot Dimensions: 44 x 117
    Zoning: Business/Commercial

    Schools

    School District: 721
    District Phone: 952-758-1700

    Expenses

    Annual Electric Expense: $2,797
    Annual Fuel Expense: $1,654
    Annual Insurance Expense: $1,560
    Annual Gross Expense: $7,367
    Annual Trash Expense: $660
    Annual Water/Sewer Expense: $696
    Tenant Expenses: None

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $4,918
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $6,300

    Rent

    Annual Net Income: $26,833

    Units

    Total Units: 12

    Miscellaneous

    Current Use:
    • Commercial
    • Office
    • Professional/Office
    Fuel System: Electric
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Available Utilities: Heating Common
    Water System: City Water/Connected

    Mortgage Calculator

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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.
    It would be our pleasure to assist you with your home purchase!

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