For Sale: Minnetonka MLS# 6620250
Active
$1,775,000
Commercial: Retail,Warehouse
Built 1962
1.03 acres
Hopkins schools
MLS# 6620250
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Property Description
Investment property with long term tenants (Hot-Tubs/Pools 24 years and Karate School 42 years). Includes a Vacant 3, 000 Sq. Ft. steel and block unheated garage. Great place for Investor to keep toys. Also, vacant is an 1500 Sq. Ft. office (or studio apartment) on 2nd floor. Great demographic neighborhood between Hopkins and Glen Lake. Current leases are 3 to 5 years. Nice curb appeal with brick and granite facade.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,775,000
Property Type:
Commercial
City:
Minnetonka
Garage Spaces:
8
County:
Hennepin
Year Built:
1962
State:
MN
Property Style:
Retail, Warehouse
Zip Code:
55343
Interior
Ceiling Height:
16-20
Basement Details:
None
Exterior
Garage Spaces:
8
Garage Dimensions:
60x40
Garage Size:
3,000 ft2
Garage Door Height:
10
Other Parking Spaces:
0
Foundation Size:
14,736 ft2
Handicap Accessible:
Doors 36"+, Grab Bars In Bathroom, Partially Wheelchair
Heating System:
Forced Air
Parking Features:
- Asphalt
- Attached Garage
- Gravel
- Parking Garage
- Paved
Road Frontage:
- County Road
- Paved Streets
- Street Lights
Exterior Material:
- Block
- Brick Veneer
- Metal Siding
Roof Details:
Age Over 8 Years
Lot & Land
Acres:
1.03
Geolocation:
44.91732, -93.446616
Inclusions:
Building, Fixture/Equipment, Land, Leases
Lot Dimensions:
4487
Zoning:
Business/Commercial
Farm
Topography:
Gently Rolling
Schools
School District:
270
District Phone:
952-988-4000
Expenses
Annual Gross Expense:
$63,000
Tenant Expenses:
Electricity, Escalation, Fuel, Insurance, Janitorial Service, Grounds Care, Repairs, Sewer, Snow Removal, Taxes, Trash Collection
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$38,967
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$38,967
Income
Annual Gross Income:
$168,000
Units
Total Units:
3
Miscellaneous
Current Use:
- Commercial
- Office
- Retail
- Storage Facility
- Warehouse
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Heating Separate
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Edina Realty, Inc..
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.