For Sale: White Bear Lake MLS# 6636412
Active
$3,999,000
Commercial: Office
Built 1986
2.19 acres
White Bear Lake schools
MLS# 6636412
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Property Description
Wonderful opportunity to own a well constructed fully leased Medical Office building in White Bear Lake -Easy access and great visibility - 2 of the 3 tenants are National credit. Building structure is sound enough to build an third story to add more value and tenants. Great 1031 option.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$3,999,000
Property Type:
Commercial
City:
White Bear Lake
Garage Spaces:
0
County:
Ramsey
Year Built:
1986
State:
MN
Property Style:
Office
Zip Code:
55127
Subdivision Name:
Section 21 Town 30 Range 22
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
110
Air Conditioning:
Central Air
Foundation Size:
7,366 ft2
Handicap Accessible:
Fully Wheelchair
Heating System:
Forced Air
Parking Features:
Parking Lot
Exterior Material:
Brick/Stone
Roof Details:
- Age Over 8 Years
- Flat
Lot & Land
Acres:
2.19
Geolocation:
45.0784, -93.055513
Inclusions:
Building, Fixture/Equipment
Lot Dimensions:
Ir
Zoning:
Business/Commercial
Lot Description:
Irregular Lot
Schools
School District:
624
District Phone:
651-407-7500
Expenses
Annual Electric Expense:
$13,000
Annual Insurance Expense:
$9,400
Annual Maintenance Expense:
$23,400
Annual Gross Expense:
$146,630
Annual Trash Expense:
$3,600
Annual Water/Sewer Expense:
$4,500
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$81,496
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$81,496
Income
Annual Gross Income:
$383,424
Rent
Annual Net Income:
$236,794
Units
Total Units:
3
Miscellaneous
Current Use:
- Office
- Professional Service
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Leader Real Estate Group, 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.