For Sale: Ramsey MLS# 7038441
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Property Description
Auto dealership and repair shop for sale! This is an Investment or owner user opportunity. This highly visible 2, 586 SF commercial building is located directly on Highway 10. Zoned B-2 this property has a wide range of commercial and auto uses. Currently the property is perfectly configured for an auto service and sales operation. The tenants are open to staying, or a new owner could occupy the building. The functional layout includes four total drive-in doors, 15’ clear height, and a welcoming lobby and sales office area. The shop and dealership are currently separate and could continue to run as two businesses or could be combined.
The shop itself offers exceptional flexibility with a large two-bay area accessed by two 12 ft. overhead doors, a separate service bay with a 14 ft. door, and a dedicated dealership bay with a 10 ft. door. The property has seen recent investment, including interior renovation in 2023 with new paint and flooring, brand new heaters, a new fluid station, an updated bathroom, and a mezzanine break room.
Exterior improvements include a full building repainting and recent parking lot repairs with new asphalt and striping completed to city standards. The lot holds around 35-40 cars. The city has approved 25-27 vehicles on the lot for sales. Convenient access via a new service road, this property offers an excellent presence on a major commercial corridor.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$650,000
Property Type:
Commercial
City:
Ramsey
Garage Spaces:
4
County:
Anoka
Year Built:
1997
State:
MN
Property Style:
1 Story
Zip Code:
55303
Subdivision Name:
Auditors Sub 31
Interior
Ceiling Height:
11-15
Flooring:
Concrete Slab
Exterior
Stories:
One
Garage Spaces:
4
Foundation Size:
2,586 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Parking Lot
Pool:
None
Roof Details:
Architectural Shingle
Lot & Land
Acres:
0.5
Geolocation:
45.226515, -93.447468
Inclusions:
Building, Fixture/Equipment, Land, Leases
Lot Dimensions:
147 x 148 x 147 x 148
Zoning:
Business/Commercial
Schools
School District:
663
District Phone:
7635061000
Expenses
Annual Insurance Expense:
$2,609
Annual Maintenance Expense:
$5,000
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$8,285
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$8,285
Income
Annual Gross Income:
$72,000
Rent
Annual Net Income:
$56,106
Units
Total Units:
2
Miscellaneous
Current Use:
- Automobile Service
- Commercial
- Retail
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
Water System:
City Water/Connected
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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!
Listing provided by RMLS,
courtesy of Keller Williams Classic Rlty NW.
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.