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$499,000
Est. payment /mo
0.69 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Georgetown First Add
MLS Listing ID 7065559
Year Built 2002
Annual Tax Amount $4,574
Tax Year 2025
Contingent None
Lot Size 0.690 Acres
Lot Dimensions 29997
Property Description
Great opportunity to own this commercial building on prime Princeton location. Perfect for owners shop and office in front and rent out the rest of the building for storage. Large 112x42 two story building currently being used as a storage facility offers: 2 - 41 deep units with 12x16 overhead doors, 1 - 24 deep unit with 10x14 overhead door and attached office space, 12 - 20x10 units with 9x7 overhead doors. Upper level offers 5 - 10x18 units all with windows and electric. 11 new 8x20 containers added to the property in 2020. New roof installed 2022. *Potential cap rate of 11.1% with rent increase and units to market rate.*
Location
State MN
County Sherburne
Zoning Business/Commercial,Industrial
Interior
Heating None
Inclusions Building, Fixture/Equipment, Land, Leases, Other
Fireplace No
Exterior
Parking Features Attached Garage, Asphalt, Multiple Garages, Parking Lot, RV Access/Parking, Secured, Storage, Open, Units Vary
Utilities Available Electric Separate, Hot Water Separate
Present Use Storage Facility
Building
Foundation 4704
Sewer Private Sewer, Tank with Drainage Field
Water Well
New Construction false
Schools
School District Princeton
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Listed by Jared Hansen • Edina Realty, Inc.
NEARBY SCHOOL & BUSINESS
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