For Sale: Mound MLS# 6711172
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Great opportunity to own a 12 unit office building in the Lake Minnetonka area. Currently used as a multi-use office complex. Suite style offices allow for many different uses. All long term tenants - fully occupied (owner uses one unit). Strong revenue from multiple styles of businesses.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$850,000
Property Type:
Commercial
City:
Mound
Garage Spaces:
0
County:
Hennepin
Year Built:
1903
State:
MN
Property Style:
Office
Zip Code:
55364
Subdivision Name:
Auditors Sub 167
Interior
Ranges:
None
Refrigerators:
One
Basement Details:
- Finished
- Partial
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
18
Air Conditioning:
Central Air
Foundation Size:
2,098 ft2
Handicap Accessible:
Doors 36"+, No Stairs External
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Asphalt
- Parking Lot
- Paved
Road Frontage:
- City Street
- Curbs
- Paved Streets
Exterior Material:
- Vinyl Siding
- Wood Siding
Lot & Land
Acres:
1.24
Geolocation:
44.93343, -93.666793
Inclusions:
Building, Leases
Lot Dimensions:
Irregular
Zoning:
Business/Commercial
Lot Description:
Irregular Lot
Schools
School District:
277
District Phone:
952-491-8001
Expenses
Annual Caretaker Expense:
$5,160
Annual Electric Expense:
$2,400
Annual Fuel Expense:
$3,000
Annual Maintenance Expense:
$2,000
Annual Trash Expense:
$2,388
Annual Water/Sewer Expense:
$1,800
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$16,400
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$16,400
Income
Annual Gross Income:
$82,880
Units
Total Units:
12
Miscellaneous
Current Use:
- Commercial
- Office
- Professional Service
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Listing provided by RMLS,
courtesy of Lakes Sotheby's International Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.