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Give us a call at 251-2200 for a complete list of all RE/MAX Commercial listings.
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|  | 0 | Northgate Apartments
Location: Lindstrom, MN
Description: Northgate Apartments consists of two adjacent apartment 11-units buildings. The properties have been kept in good repair, and the owner has recently done considerable remodeling. In 2005, new carpet, stoves, refrigerators, air-conditioning, and double thermal pain windows were installed in all of the units.
The properties were built in the 1970s and are of sturdy brick construction. All of the rental units have been mostly occupied recently, with an occasional vacancies that occur when rental tenants move. The East building had a new roof placed on it in 2001, and the roof was replaced on the West building in June 2007.
There are 16 2-BR, 1 ½ bath apartments, and rent for $695 per month. The six 1 BR units rent for $595 per month. There are a total of seven detached single car garage units. |  | |
|  | 0 | Viking Resort
Location: Detroit Lakes, MN
Description: 2 Bedroom home with garage 4 efficiency cottages with small kitchens for rent—generally April—October Sandy beach for swimming with boat dockage as well on Little Detroit Lake Becker County Property ID: 49.1098.000 2010 Property Taxes $2,192—zoned Seasonal Commercial
$400,000 Terms Available |  | |
|  | 0 | Cedar Point Business Center
Location: Princeton, MN
Description: Size: 7,500 square feet. Lot area: 2.45 acres. R.E. Tax: $13,614
Steel Frame Construction, built in 2005.
Roof: Standing Seam. Four Separately Metered Electric Services.
Net Operating Income: $48,750 Pro Forma NOI: $52,125
This building is suitable for an Investor, as well as an owner/occupant. ABRA Auto & Glass and the Veterinary Clinic have longer-term leases and have finished interiors space. The clinic has invested over $270,000 in its own improvements, and along with ABRA is a very strong tenant. The rear 3,000 square foot bay has an unfinished interior, and is under a short-term lease, and could be occupied by a new owner. The vacant 750 SF bay abuts the Vet Clinic, and it is expected that it will accommodate their future expansion, but also has separate overhead and service doors. PRICE: $450,000.00 |  | |
|  | 0 | Prairie Senior Cottages
Location: Princeton, MN
Description: Prairie Senior Cottages has provided Investors with outstanding returns since its inception in 1998, with a 100% return of invested capital within 3 to 4 years, plus ongoing dividend and equity participation thereafter. A testimony to the success of these units is the sizeable waiting list that each facility now has. Several years ago, it was discovered that Memory Loss residents do not integrate well into traditional Nursing Homes. But, when a building is dedicated specifically to their needs, a much more harmonious living environment is the result. The architecture caters to their specific needs. Rooms are clustered into “neighborhoods” that circle the common areas. Each neighborhood has a bold, color-enriched theme, such as Minnesota Lakes, or Rural Agricultural, to help residents remember where their room is. A 25% Membership Interest is offered in the Prairie Senior Cottages of Princeton. Since the SBA requires that owners with an interest greater than a 19% must provide a personal guarantee, an initial 19% interest is offered, with options that are exercised at $1 during subsequent years, to elevate that interest to 25%. Institutional investors who may nevertheless wish to exceed this percentage may do so, up to a 50% interest. In that instance, operational control with remain vested with the Chief Manager, so as to provide it with the reassurance that the facility with continue to be operated with the high standards to which it is accustomed. INVESTMENT UNIT ASKING PRICE: $297,000
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|  | | Historic Spaniol Building
Location: 15 6th Avenue North, St. Cloud, MN 56303
Description: Up to 4,244 SF lower level suite available November 2008
Located in the heart of St. Cloud’s Historic Central Business District
Four private offices, three restrooms, full kitchen, newly decorated throughout
Private front entrance off 6th Avenue North in Downtown St. Cloud
Some reserved parking available one block away - $15.00 per month
New and/or updated heating systems
Additional $2,000.00 guaranteed for 18 months in the event of a purchase
31 efficiency apartments = approximately $120,000.00 gross annually
Main level tenant = approximately $48,000.00 gross revenue (Year 2009)
Parking income = $4,000.00 annually (to be renegotiated periodically with lot owner)
Year 2008 building operating expenses and utilities = approximately $110,000.00
Current main floor tenant lease expires 12/31/10 (in process of renewal negotiations)
SALE PRICE: $899,000.00 |  | |
|  | | 26,000 SF Shopping Center
Location: Central Minnesota
Description: Located along major U.S. Highway
26,000 sq. ft. - 100% Leased
Good tenant mix, including credit tenants and S&P 500 A Rated tenant
8.5 % Cap Rate
* Confidentiality agreement required for financial and lease details*
SALE PRICE: $1,950,000 |  | |
|  | | 26 Apartments and Development Land
Location: Mora, MN
Description: MEADOWBROOK APARTMENTS- MORA, MN 107 & 111 North 7th Street (16 units total)
These units have new stoves, refrigerators and air conditioners over the last 30 months. Most of the units have new carpeting.
Development Land- 12 city lots are part of this property and could accommodate 24 or more additional apartment units or perhaps 12 to 16 town homes. The existing building would make a suitable condo conversion as the units are comfortably sized, and the building is in generally good shape.
MORA, MN Apartments: 3 unit townhouse- 144, 146 & 150 Ford 7 unit house- 615 Watkins
Most of the units have new stoves and refrigerators., and new carpeting. A new bituminous surface over all parking lot areas was installed in 2005, and the garage units received new doors. Also in 2005 all new vinyl windows were installed, and most exterior doors were replaced.
The Townhouse units pay all their own utilities except sewer, water and garbage. In the 7-plex, 3 units pay their own heat and electricity.
SALE PRICE: $1.2 MILLION |  | |
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