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2535 Condon Court

Mendota Heights, MN 55120
  • $599,900
  • STATUS: Active
  • ON SITE: 225 Days
  • ID#: 6432139
UPDATED: 143 min ago
$599,900
  • 0
    BEDS
  • 0.38
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,236
    SQFT
  • $185
    $/SQFT
Type:
Commercial
Built:
1977
County:

School Ratings & Info

NorthstarMLS] logo Listing courtesy of Blackbridge Real Estate.

Description

Great opportunity for an investor. 7.37% Cap Rate on this Double Net Leased Property. This large lot at a cul-de-sac is a commercial building that is 100% occupied by the Bridge Autism Clinic who operates during daily normal business hours. They have more than 3 years left on their lease with annual increases. Tenant pays for all operating expenses except Taxes and Insurance. Has had many upgrades within the past few years. Great Unique Investment Opportunity!

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IDX data © 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Bre Berry & Company are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Bre Berry & Company is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Bre Berry & Company, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2024-04-25T00:24:28.91.

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2535 Condon Court Mendota Heights, MN 55120

  • Price: $599,900
  • Status: Active
  • On Site: 225 Days
  • Updated: 143 min ago
  • ID#: 6432139
0
Beds
0
Baths
0
½ Baths
0.38
Acres
3,236
SQFT
$185
$/SQFT
1977
Built
County:
Dakota
School District:
197 - West St. Paul-Mendota Hts.
Property Description
Great opportunity for an investor. 7.37% Cap Rate on this Double Net Leased Property. This large lot at a cul-de-sac is a commercial building that is 100% occupied by the Bridge Autism Clinic who operates during daily normal business hours. They have more than 3 years left on their lease with annual increases. Tenant pays for all operating expenses except Taxes and Insurance. Has had many upgrades within the past few years. Great Unique Investment Opportunity!
Exterior Features

Construction Materials Wood Siding Foundation Area 1962 Lot Size Dimensions 20x12x92x143x113x141 Parking Features ConcreteParking Lot Parking Open 4

Interior Features

Appliances RangeRefrigerator Cooling Central Air Heating Forced Air

Property Features

Accessibility Features None Additional Parcels YN No Assessment Pending Unknown Contingency None Current Use CommercialOfficeOtherResidential Electric Expense 0 Expenses 11802.0000 Foreclosure Status No Fractional Ownership YN No Fuel Natural Gas Fuel Expense 0 Gross Income 59535 Inclusions BuildingLand Insurance Expense 870 Land Lease YN No Lender Owned No Maintenance Expense 0 Manager Expense 0 Net Operating Income 47733 Operating Expense 10802 Other Expense 1000 Postal City Mendota Heights Potential Short Sale No Property Sub Type Office Rental License YN No Sewer City Sewer - In StreetMound SepticSeptic System Compliant - Yes Tax Annual Amount 3582 Tax With Assessments 3582.0000 Tax Year 2023 Tenant Pays All Utilities Trash Expense 0 Utilities Electric SeparateHeating SeparateHot Water Separate Water Sewer Expense 0 Water Source Well Zoning Description Business/Commercial

NorthstarMLS] logo © 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Listing courtesy of Blackbridge Real Estate: . This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.


IDX data © 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Bre Berry & Company are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Bre Berry & Company is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Bre Berry & Company, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed. By viewing the listings on this site, you are agreeing to abide by the RMLS End-User License Agreement. Data last updated 2024-04-25T00:24:28.91.

Click here for Digital Millennium Copyright Act
 
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Bre Berry & Company
821 Grand Ave
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NorthstarMLS] logo Listing courtesy of Blackbridge Real Estate.