Home Call Us About Login
Map Search Area Search MLS#/Addr Featured New Const. Local Info
My Account Buying Selling Title Mortgage Inspections

For Sale:  Burnsville MLS# 6801894

My notes for this property


Add listing to my favorites (required)
Active NEW!
$320,000
/mo Edit
Commercial:  Office
Built 2001
0.04 acres
Burnsville-Eagan-Savage schools
MLS# 6801894
763-576-8286
My rating:
Favorite
Ask Question
Request a Showing  
Agent
Ask the Agent℠

Ask the Agent℠

    Property inquiries submitted online are continually monitored to provide the best possible service.

    Terms & Conditions






    Thank You!

    An agent will be in contact with you soon to answer your question.

    Property Description

    Great investment opportunity, easy to manage. A chiropractic clinic has been located in this location since the building was constructed in 2001. The previous owners of the clinic sold the business to the current owners who have leased the past 3 years and have signed a new 2 year lease. This is both a great cash on cash investment with a return over 9% and a high cap rate over 10%. The HOA is well run and the reserve fund is in great shape. A majority of the units are owner occupied, and the buildings and grounds are well maintained. If you are looking for a real estate investment that is very easy to manage with a nice return this is it.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $320,000
    Property Type: Commercial
    City: Burnsville
    Garage Spaces: 0
    County: Dakota
    Year Built: 2001
    State: MN
    Property Style: Office
    Zip Code: 55337
    Subdivision Name: Cliff Cove Town Office Park

    Interior

    Ceiling Height: 8-10
    Appliances Included: Gas Water Heater
    Basement Details:
    • Daylight/Lookout Windows
    • Drain Tiled
    • Finished
    • Storage Space
    • Sump Basket
    • Sump Pump

    Exterior

    Stories: One
    Garage Spaces: 0
    Garage Dimensions: 0
    Garage Door Height: 0
    Garage Door Width: 0
    Other Parking Spaces: 0
    Air Conditioning: Central Air, Zoned
    Foundation Size: 1,344 ft2
    Foundation Dimensions: 28x48
    Handicap Accessible: Doors 36"+, Fully Wheelchair, Grab Bars In Bathroom, Hallways 42"+, Door Lever Handles, No Stairs External
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Guest Parking
    • Parking Lot
    • Paved
    Shared Amenities: In-Ground Sprinkler System
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Storm Sewer
    • Street Lights
    Exterior Material:
    • Brick Veneer
    • Fiber Board
    Roof Details: Age Over 8 Years

    Lot & Land

    Acres: 0.04
    Geolocation: 44.794324, -93.241277
    Inclusions: Building
    Lot Dimensions: 28 x 66
    Zoning: Business/Commercial
    Lot Description:
    • Public Transit (w/in 6 blks)
    • Some Trees

    Farm

    Topography: Level

    Schools

    School District: 191
    District Phone: 952-707-2000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $850
    Annual Gross Expense: $7,660
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: All Utilities

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $6,976
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $7,012

    Income

    Annual Gross Income: $48,620

    Rent

    Annual Net Income: $33,966

    Units

    Total Units: 1

    Miscellaneous

    Current Use:
    • Professional Service
    • Professional/Office
    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    • Hot Water Separate
    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.
    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

    Apply Online     Contact Eric     Subscribe to My Newsletter    

    Listing provided by RMLS, courtesy of Re/Max Advantage Plus.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.