$1,500,000
Elk River, MN 55330
MLS# 6511279
1 / 33
Property Description
Medium Retail Box. Single tenant with just over 8 years left on the initial 10 year lease term. The Tenant has an option to renew for an additional 5 years. This building is located between the Menards and Coborns on Highway 169. Co tenants include Culver's, Sherwin Williams, and Northwoods Dance. The property has excellent highway visibility in a well established retail trade area. 2 drive through service doors, 3 Dock doors, plenty of parking and sharp aesthetics.
Details
Contract Information
Digitally Altered Photos: No
Status: Active
Current Price: $1,500,000
Contingency: None
ListPrice: 1500000
List Date: 2024-03-28
Owner is an Agent?: No
Auction?: No
Office/Member Info
Association: SPAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 96
Year Built: 1999
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 21333
Garage Stalls: 2
For Sale or Lease: For Sale
Acres: 0.49
Lot Dimensions: 3.86
Assessment Pending: Unknown
Location, Tax and Other Information
Legal Description: UNIT 1
Listing City: Elk River
Map Page: 19
Municipality: Elk River
School District Phone: 763-241-3400
House Number: 19463
Street Name: Evans
Street Suffix: Street
Street Direction Suffix: NW
Postal City: Elk River
County: Sherburne
State: MN
Zip Code: 55330
Zip Plus 4: 6689
Property ID Number: 75007870001
Complex/Dev/Subdivision: Cic 73 Northbound Crossing Condo
Tax Year: 2023
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Medium Retail Box. Single tenant with just over 8 years left on the initial 10 year lease term.
The Tenant has an option to renew for an additional 5 years.
This building is located between the Menards and Coborns on Highway 169. Co tenants include Culver's, Sherwin Williams, and Northwoods Dance.
The property has excellent highway visibility in a well established retail trade area. 2 drive through service doors, 3 Dock doors, plenty of parking and sharp aesthetics.
Directions: HWY 169 to 193rd Ave NW, Turn east to Evans Street NW north to property on the right.
Building Information
Building Finished SqFt: 21333
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 26
Section#: 27
Township#: 33
Sale Options
Sale Includes: Building, Leases
Unit Details
Total Units: 1
Property Features
Accessible: Doors 36"+; No Stairs External; No Stairs Internal
CMU Style: Retail/Shopping Center
Construction Status: Previously Owned
Current Use: Retail
Exterior: Block
Fuel: Natural Gas
Heating: Forced Air
Loan Terms: Cash; Conventional
On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate
Parking Characteristics: Paved Lot
Sewer: City Sewer/Connected
Water: City Water/Connected
Listing Office: Realty Group LLC
Last Updated: May - 03 - 2024
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