For Sale: Redwood Falls MLS# 6659922
Active
$400,000
Commercial: 1 Story
Built 1942
0.4 acres
Redwood Area schools
MLS# 6659922
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Property Description
Fully leased commercial space in highly visible location, with established tenant - generating $3, 600/month! Lease term is valid through 2032, with additional extension options. Building had a new roof installed by Duro-Last in 2022 that has a full 20 year labor and materials warranty. Not to mention the equipment and installation of such was all updated in 2022. The renovation/updates in 2022 cost nearly $100, 000! And those updates are all completed for the new owners benefit. Updates include a CaptiveAire 24-foot grease hood with fire suppression system, two grease exhaust fans with new roof curbs, ventilation system, etc. so this operation is truly turn key with the established tenant continuing their lease.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$400,000
Property Type:
Commercial
City:
Redwood Falls
Garage Spaces:
0
County:
Redwood
Year Built:
1942
State:
MN
Property Style:
1 Story
Zip Code:
56283
Subdivision Name:
Audsub
Interior
Appliances Included:
- Cooktop
- Dishwasher
- Electric Water Heater
- Exhaust Fan
- Freezer
- Range
- Refrigerator
- Stainless Steel Appliances
Basement Details:
- Brick/Mortar
- Full
- Unfinished
Exterior
Stories:
One
Garage Spaces:
0
Other Parking Spaces:
20
Air Conditioning:
Central Air
Foundation Size:
4,858 ft2
Foundation Dimensions:
Irregular
Handicap Accessible:
Doors 36"+, Wheelchair Ramp(s)
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Paved
Road Frontage:
City Street
Exterior Material:
Vinyl Siding
Roof Details:
- Age 8 Years or Less
- Flat
Lot & Land
Acres:
0.4
Geolocation:
44.541113, -95.110984
Inclusions:
Building, Fixture/Equipment, Leases
Lot Dimensions:
121 x 144
Zoning:
Business/Commercial
Lot Description:
Corner Lot
Schools
School District:
2897
District Phone:
507-644-8064
Expenses
Tenant Expenses:
Snow Removal
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$5,908
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,908
Income
Annual Gross Income:
$43,200
Units
Total Units:
1
Miscellaneous
Current Use:
Restaurant
Fuel System:
Electric
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
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.