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Active
$600,000
/mo Edit
Commercial:  1 Story
Built 1970
0.45 acres
MLS# 7046926
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    Property Description

    Great condition 5, 788 square foot office building in prime Highway 65 location. Building includes 7 units, two garage stalls, and private rear parking area and entrance. Rear 1637 sq. ft. unit with reception area, multiple offices, meeting room and private entrance with truck parking is currently vacant and ready for it's next business. Previously occupied by construction companies and real estate firm. Roof and rooftop HVAC replaced in last 10 years. Owned and well maintained by the same family for 40+ years. Excellent longterm investment opportunity for investor or owner occupant in a high visibility location.

    Listing

    Contingency: None
    City: Blaine
    County: Anoka
    State: MN
    Property Style: 1 Story
    Zip Code: 55434
    Subdivision Name: Spring Lake Park Shores Add

    Interior

    Ceiling Height: 8-10
    Basement Details: None

    Exterior

    Stories: One
    Garage Spaces: 2
    Air Conditioning: Central Air
    Foundation Size: 5,788 ft2
    Fencing: None
    Handicap Accessible: No Stairs External, No Stairs Internal
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Parking Lot
    • Paved Lot
    • Unassigned
    Road Frontage: Highway
    Pool: None

    Lot & Land

    Acres: 0.45
    Geolocation: 45.125689, -93.234175
    Inclusions: Building, Leases
    Lot Dimensions: 100 x 196
    Zoning: Business/Commercial

    Schools

    School District: 844
    District Phone: 7637865570

    Expenses

    Tenant Expenses: Broadband, Cable TV, Telephone

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $12,909
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $13,082

    Income

    Annual Gross Income: $76,440

    Rent

    Annual Net Income: $46,536

    Units

    Total Units: 8

    Miscellaneous

    Current Use:
    • Commercial
    • Office
    • Professional Service
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Heating Common
    • Hot Water Common
    Water System: City Water/Connected

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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