$550,000
Thief River Falls, MN 56701
MLS# 6487562
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Property Description
Well maintained commercial built in 1996 with additions in 2002. Building is currently under a lease until 9/30/2025 with government offices occupancy other than the portion leased through Pennington County. There are numerous individual office areas, storage/file rooms, reception areas, break room complete with refrigerator, stove and microwave, 2 bathrooms and furnace room. The garage belongs to the tenant so may be moved when they are no longer leasing. Parking lot was resealed and striped in 2023 and a new front door was installed. Investors - contact your Realtor to obtain additional information in regard to profit and loss. Check out this property with good returns.
Details
None
MLSID: RMLS
Contract Information
Digitally Altered Photos: No
Status: Active
Current Price: $550,000
Contingency: None
ListPrice: 550000
List Date: 2024-02-12
Owner is an Agent?: No
Auction?: No
Office/Member Info
Association: NWMAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 20
Owner Occupied: No
Year Built: 1996
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 6792
For Sale or Lease: For Sale
Acres: 0.98
Lot Dimensions: irregular
Location, Tax and Other Information
Legal Description: PARK ADDITION AUDITORS REPLAT OF BLOCK 7 ALL THAT PART OF LOT 16 LYING SOUTH OF THE SOUTHERLY ROW LINE OF FIRST STREET ** See Documents for full legal description **
Listing City: Thief River Falls
Map Page: 999
Municipality: Thief River Falls
Rental License?: No
School District Phone: 218-681-8711
House Number: 201
Street Name: Sherwood
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Thief River Falls
County: Pennington
State: MN
Zip Code: 56701
Zip Plus 4: 4510
Property ID Number: R2504604572
Complex/Dev/Subdivision: Park Add
Tax Year: 2024
Tax Amount: 13922
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Well maintained commercial built in 1996 with additions in 2002. Building is currently under a lease until 9/30/2025 with government offices occupancy other than the portion leased through Pennington County. There are numerous individual office areas, storage/file rooms, reception areas, break room complete with refrigerator, stove and microwave, 2 bathrooms and furnace room. The garage belongs to the tenant so may be moved when they are no longer leasing. Parking lot was resealed and striped in 2023 and a new front door was installed. Investors - contact your Realtor to obtain additional information in regard to profit and loss. Check out this property with good returns.
Directions: Hwy 59 S or corner of 1st and 3rd St intersection - turn on Sherwood Ave to the property
Assessments
Tax With Assessments: 13922
Basement
Foundation Dimensions: 56 X 102, 12 X 56, 12 X 34
Building Information
Building Finished SqFt: 6792
Building SqFt: 6792
Income and Expenses
Annual Electric Expense: 6342
Annual Fuel Expense: 1317
Annual Gross Income: 102617.95
Annual Insurance Expense: 1342
Annual Trash Expense: 1285
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Sale Options
Sale Includes: Building, Land, Leases
Unit 1
Unit Number: 1
Unit Details
Total Units: 1
Property Features
Accessible: No Stairs External; No Stairs Internal
Air Conditioning: Central
Basement: Slab
CMU Style: Office
Construction Status: Previously Owned
Current Use: Professional Service
Exterior: Steel Siding
Fuel: Natural Gas
Heating: Forced Air
Loan Terms: Cash; Conventional
Lot Description: Irregular Lot
On Site Utilities: Electric Common; Heating Common; Hot Water Common
Owner Pays: All Utilities; Exterior Maintenance; Grounds Care; HVAC Maintenance; Insurance; Janitorial Service; Janitorial Service; Lawn; Lawn; Maintenance/Repair; Roof Maintenance; Snow Removal; Taxes; Trash Collection
Parking Characteristics: Parking Lot
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Age Over 8 Years; Metal
Sewer: City Sewer/Connected
Stories: One
Tenant Pays: Broadband; Cable TV; Telephone
Water: City Water/Connected
Listing Office: USA Realty Thief River Falls
Last Updated: April - 22 - 2024
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.