$200,000
$225,000
11.1%For more information regarding the value of a property, please contact us for a free consultation.
611 Industrial Park BLVD Elbow Lake, MN 56531
1.05 Acres Lot
Key Details
Sold Price $200,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6169177
Sold Date 04/28/22
Year Built 1978
Annual Tax Amount $3,808
Tax Year 2021
Contingent None
Lot Size 1.050 Acres
Acres 1.05
Lot Dimensions 216x214
Property Description
A great investment opportunity awaits in this 10,000+ square foot commercial space in the Elbow Lake Industrial Park. This property is currently leased by a state agency through November of 2024 with the likelihood of renewal for the foreseeable future and is offered at a cap rate of 9.7%. You'll appreciate the large entry with two private offices, kitchenette, 2 bathrooms, in addition to a variety of spaces throughout the office and warehouse complex, including over 2,000 additional square feet of storage on the second level of the primary building. Other perks include a large concrete pad surrounding the building, numerous overhead doors and points of access, a bi-fold door on the rear most recent addition, and headroom ranging from 11 - 16 feet.
Location
State MN
County Grant
Zoning Industrial
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Appliance Electric Water Heater
Exterior
Parking Features Concrete
Garage Spaces 3.0
Utilities Available Electric Common, Heating Common
Roof Type Metal
Present Use Other
Building
Story One
Foundation 8295
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
Structure Type Steel Siding
Schools
School District West Central Area
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