For Sale: Long Lake MLS# 6652496
Active Contingent
$1,600,000
Commercial: Office
Built 1905
0.17 acres
Orono schools
MLS# 6652496
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Property Description
Historic 1905 built, brick two story building in downtown Long Lake. High demand boutique office space for small businesses or professionals in need of independent space. Visible and accessible to highway 12. Located just a short walk to restaurants, retail, professional services, and picturesque Long Lake. 5, 100 finished square feet. Complete renovation since being purchased in 2021. Both levels feature new or refinished flooring, remodeled bathrooms, fresh paint, new light fixtures, reconfigured spaces + a new roof (2024).
Main-Level features 2 larger office suites. Each features their own private entrance, lobby, multiple offices & workspaces, a remodeled bathroom, storage, and kitchenette areas.
Upper-Level features 8 individual office suites (2 suites offer double offices), a conference room, 2 remodeled bathrooms, coffee bar/fridge space, and common areas.
Current loan is potentially assumable upon qualification and is fixed at 4% through April 2032. More information on loan and building financials are available. Serious inquiries only.
Listing
Listing Status:
Active Contingent
Contingency:
Other
List Price:
$1,600,000
Property Type:
Commercial
City:
Long Lake
Garage Spaces:
0
County:
Hennepin
Year Built:
1905
State:
MN
Property Style:
Office
Zip Code:
55356
Subdivision Name:
Town Of Long Lake
Interior
Ceiling Height:
Varied Heights
Refrigerators:
Three
Appliances Included:
- Microwave
- Refrigerator
Basement Details:
- Block
- Full
- Storage Space
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
7
Air Conditioning:
Central Air
Foundation Size:
2,590 ft2
Foundation Dimensions:
74x35
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Asphalt
- Other
- Parking Lot
- Paved
- Unassigned
Unit Amenities:
- Ceiling Fan(s)
- Hardwood Floors
- Natural Woodwork
- Vaulted Ceiling(s)
Road Frontage:
City Street
Exterior Material:
Brick Veneer
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
0.17
Geolocation:
44.985962, -93.57046
Inclusions:
Building, Fixture/Equipment, Leases
Lot Dimensions:
Irregular
Zoning:
Business/Commercial
Schools
School District:
278
District Phone:
952-449-8305
Expenses
Annual Gross Expense:
$44,486
Tenant Expenses:
Other
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$25,352
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$25,352
Income
Annual Gross Income:
$148,579
Rent
Annual Net Income:
$104,092
Units
Total Units:
10
Miscellaneous
Current Use:
Office
Fuel System:
Natural Gas
Sewer System:
City Sewer - In Street
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water - In Street
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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.