For Sale: Mound MLS# 7064657
Active
$829,900
Commercial: 2 Stories
Built 1985
1.39 acres
Westonka schools
MLS# 7064657
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Property Description
Exceptional opportunity to acquire a well-maintained multi-tenant commercial building in the heart of Mound. This 12-unit office property offers strong in-place income with no current vacancies, making it an ideal investment for both seasoned investors and owner-operators.
The property features approximately 4, 800+ finished square feet across multiple levels, with a flexible layout that accommodates a variety of professional office uses.
Situated on a high-visibility corridor just off Commerce Boulevard, the location provides convenient access for tenants and clients alike, with ample on-site parking and proximity to Lake Minnetonka communities.
Additional upside potential exists through future rent optimization and possible leasing of storage areas in the basement.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$829,900
Property Type:
Commercial
City:
Mound
Garage Spaces:
0
County:
Hennepin
Year Built:
1985
State:
MN
Property Style:
2 Stories
Zip Code:
55364
Subdivision Name:
Auditors Sub 167
Interior
Refrigerators:
One
Appliances Included:
- Dishwasher
- Refrigerator
Basement Details:
- Finished
- Storage Space
Exterior
Stories:
Two
Garage Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
2,098 ft2
Handicap Accessible:
Doors 36"+, No Stairs External
Heating System:
Forced Air
Parking Features:
- Parking Lot
- Paved Lot
Lake & Waterfront
Waterfront Present:
Y
Waterfront:
- Channel Shore
- Lake Front
Lot & Land
Acres:
1.39
Geolocation:
44.93343, -93.666793
Inclusions:
Building, Land, Leases
Lot Dimensions:
Irregular
Zoning:
Business/Commercial
Schools
School District:
277
District Phone:
9524918001
Expenses
Annual Electric Expense:
$2,400
Annual Fuel Expense:
$3,000
Annual Maintenance Expense:
$5,100
Annual Trash Expense:
$2,400
Annual Water/Sewer Expense:
$2,000
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$16,406
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$16,406
Income
Annual Gross Income:
$89,800
Units
Total Units:
12
Miscellaneous
Current Use:
- Office
- Other
- Professional Service
- Professional/Office
- Storage Facility
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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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!
Listing provided by RMLS,
courtesy of Compass.
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.