$500,000
$549,900
9.1%For more information regarding the value of a property, please contact us for a free consultation.
110 6th AVE S Princeton, MN 55371
0.45 Acres Lot
Key Details
Sold Price $500,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Subdivision Damons Add
MLS Listing ID 5658144
Sold Date 03/25/21
Year Built 1923
Annual Tax Amount $9,848
Tax Year 2020
Contingent None
Lot Size 0.450 Acres
Acres 0.45
Lot Dimensions 148x132x148x133
Property Description
Affordable commercial investment opportunity in Princeton, MN. The Creamery Professional Building is a stand-alone, brick corner building converted many years ago into office space. This building is fully leased on both the main & upper levels with 2 separate tenants from the same organization, M Health-Fairview Health Services. The main level (5,596 SF) tenant has been in the building for nearly 25 years & is leased through 2/28/2022. The upper level (3,630 SF) tenant for 9 years & is leased through 5/31/2022. Tenants pay operating costs & Landlord pays taxes. Property is zoned B-1 Central Business. Parking lot (resurfaced 2017) has 26 space & 11 curbside spaces + additional free street parking. Roof was replaced 2012, tuckpointing 2011, & HVAC systems replaced 2016. Exterior painting completed 2020. This building has been meticulously cared for& family owned for decades. No elevator or sprinkler system are required in this building. Interior of building is free of asbestos.
Location
State MN
County Mille Lacs
Zoning Business/Commercial
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Garage Paved, Unassigned, Open
Utilities Available Electric Common, Heating Common, Hot Water Common
Present Use Professional/Office, Commercial, Office, Professional Service
Building
Foundation 9226
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone
Schools
School District Princeton
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